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In an effort to cement its position in the country, <a href="http://www.businessinsider.in/searchresult.cms?query=hyundai+motor+india">Hyundai Motor India</a> is planning to launch 2-3 new models every year till 2020. 
 
The second largest car maker in India wants one per cent growth in its market share each year with its <a href="http://www.businessinsider.in/searchresult.cms?query=car+launch">car launches</a>. 
 "In the last two years we have launched seven models. We plan to launch 2-3 new models, including full model changes, every year continuously till 2020," said <keyword id="108829" type="CITY" weightage="20" keywordseo="Hyundai-Motor-India">Hyundai Motor India</keyword> MD &amp; CEO BS Seo while inaugurating first dealership in Leh. 
 
Presently, Hyundai Motor India has more than 16% market share in the overall passenger vehicle segment with its models like <a href="http://www.businessinsider.in/searchresult.cms?query=i20">i20</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=creta">Creta</a>. 
 
It is also developing models like a <a href="http://www.businessinsider.in/searchresult.cms?query=MPV">Multi Purpose Vehicle</a> (MPV), a small <a href="http://www.businessinsider.in/searchresult.cms?query=SUV">SUV</a> and full model changes for its sedans Elantra and Verna to catch the Indian market. 
Hyundai is going to face competition as Suzuki also plans to roll out 15 new models by 2020. 
 
"We will keep bringing great products into the Indian market continuously to satisfy the customers here. We want to be the most loved and trusted company in the Indian market," Seo said. 
 
(Image: Thinkstock)

Hyundai will make sure its vehicles rule Indian roads as it plans to launch 2-3 new models every year

New Delhi, Hyundai Motor India on Monday said it has received around 30,000 bookings for all new version of its <keyword id="10430038" type="UNKNOWN" weightage="20" keywordseo="premium-hatchback-i20">premium hatchback i20</keyword> in last 40 days. The company, which is the second largest passenger vehicle maker in the country, said it has already delivered 10,000 units of the model so far. "We are witnessing a truly superlative customer response for the all-new i20 that has captivated the hearts and minds of Indian customers with its futuristic design and advanced technologies," <keyword id="10034969" type="COMPANY" weightage="20" keywordseo="hyundai-motor-india-director">Hyundai Motor India Director</keyword> (<keyword id="9681741" type="COMPANY" weightage="20" keywordseo="sales-marketing-service">Sales, Marketing &amp; Service</keyword>) Tarun Garg said. He added that around 85% of the bookings are attributed to <keyword id="10430174" type="UNKNOWN" weightage="20" keywordseo="higher-trims">higher trims</keyword> of the all-new i20. Hyundai launched new i20 on November 5 priced between ₹6.79 lakh and ₹11.17 lakh (ex-showroom Delhi). The fourth generation of the i20 comes with both petrol and diesel powertrains and competes with the likes of Maruti Suzuki Baleno, <keyword id="42747" type="DOMAIN" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword> Altroz and Toyota Glanza. The 1.2-litre petrol manual variants are priced between ₹6.79 lakh and ₹9.19 lakh while the automatic trims are tagged at ₹8.59 lakh and ₹9.69 lakh. Similarly, the 1-litre turbo petrol variants with IMT technology are priced at ₹8.79 lakh and ₹9.89 lakh while the seven-speed DCT trims are tagged at ₹10.66 lakh and ₹11.17 lakh. The 1.5-litre diesel variants are priced between ₹8.19 lakh and ₹10.59 lakh. The company said all prices were introductory and would remain in force till December. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-future-retail-power-grid-cipla-delta-corp-yes-bank-adani-power-and-others/articleshow/79713824.cms">Top stocks to watch — Future Retail, Power Grid, Cipla, Delta Corp, Yes Bank, Adani Power and others</a> <a href="https://www.businessinsider.in/stock-market/news/burger-king-india-shares-nearly-doubles-on-listing-debut-pushes-valuation-past-4000-crore/articleshow/79715269.cms">Burger King India shares nearly doubles on listing — debut pushes valuation past ₹4,000 crore</a> <a href="https://www.businessinsider.in/business/startups/news/the-difference-between-doordash-zomato-and-swiggy-is-not-in-what-the-companies-do-its-where-they-do-it/articleshow/79715531.cms">The difference between DoorDash and Indian peers Zomato and Swiggy is not in what the companies do⁠ — it’s where they do it</a>

Hyundai's new i20 receives 30,000 bookings within 40 days of launch

<ul><li>The new 2022 <keyword id="596" type="General" weightage="80" keywordseo="hyundai" source="Orion">Hyundai</keyword> Venue <keyword id="10035310" type="General" weightage="100" keywordseo="n-line" source="Orion">N Line</keyword> will be launched in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> on September 6.</li><li>Pre-bookings for the same are now open for ₹21,000 on the company’s website and Hyundai’s Signature outlets across the country.</li><li>The car will be offered in two variants, N6 and N8. </li></ul>Car maker <keyword id="103788" type="General" weightage="50" keywordseo="hyundai-motor-india-ltd" source="Orion">Hyundai Motor India Ltd</keyword> on Thursday announced opening of bookings for its model Venue N Line. The company said bookings for the model can be done online or at Hyundai Signature Outlets paying ₹21,000. According to Unsoo Kim, MD &amp; CEO, the i20 N Line model has already received a very strong response and now, with the introduction of <keyword id="14809458" type="General" weightage="50" keywordseo="avenue-n-line" source="Orion">AVenue N Line</keyword>, the company will further elevate fun driving sport utility vehicle (SUV). SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/mercedes-amg-eqs-53-4matic-ultra-luxury-ev-sedan-launched-in-india-for-2-45-crore/slidelist/93751976.cms">Mercedes AMG EQS 53 4MATIC+ ultra-luxury EV sedan launched in India for ₹2.45 crore</a> <a href="https://www.businessinsider.in/business/auto/news/mahindra-scorpio-classic-vs-mahindra-scorpio-n-price-variants-and-features-compared/slidelist/93654717.cms">Mahindra Scorpio Classic vs Mahindra Scorpio-N: Price, variants, and features compared</a>

Hyundai Motor opens bookings for Venue N Line SUV for ₹21,000 ahead of its launch

NEW DELHI: Are escalating manufacturing costs and uncertain labour relations taking a toll on <keyword id="596" type="CITY" weightage="20" keywordseo="Hyundai">Hyundai</keyword>'s plans to make India a global hub for small cars? The Korean car major has decided to discontinue small car exports to the coveted European region, opting to source from factories in Turkey and the <keyword id="36415" type="COUNTRY" weightage="20" keywordseo="Czech-Republic">Czech Republic</keyword>, even if Indian operations contribute to 15% of its global sales volumes. 
 
Hyundai, which is the biggest car exporter from India and accounts for nearly 45% of total shipments, will stop the sale of India-made i10 and the newly-launched Elite i20 to the European countries, a move that will have an immediate impact on the company's exports this year. 
 
The company, which exported 2.5 lakh units from India last year, expects this year's shipments at 1.9 lakh units, a decline of 24%. Rakesh Srivastava, senior VP (sales &amp; marketing), said the lower overseas shipments will help free production capacity for the domestic market, which is crucial as the company is launching newer models. 
 "We have already launched four new models over the last one year, and more are coming. While India still remains a strong export base, the first priority is the domestic market." However, <keyword id="93460" type="COMPANY" weightage="20" keywordseo="Hyundai-India">Hyundai India</keyword>'s plans for this year show that the company will be saddled with excess production volumes as the company hopes to sell 6 lakh units this year (domestic and exports) even as it has a production capacity for 6.8 lakh units. 
 
Company officials admitted that sourcing the models from Turkey and the Czech Republic is more cost-efficient than exporting from India. Higher wage bills and logistics have increased manufacturing costs in India, prompting many companies to have a re-look at the global sourcing plans. Hyundai has long been seeking a rail link from its factory near Chennai to the port, but not much headway has been made here. 
 Labour relations have also not been very comfortable. While things have been quite on this front for sometime now, the company's plant has seen major tensions in the past, which had also disrupted production. The volatile history may have also prompted the company to opt for other locations as the European markets are among the key export regions and Hyundai would like to avoid any reasons that may lead to delays. Srivastava said Hyundai is focusing on markets like <keyword id="48890" type="COUNTRY" weightage="20" keywordseo="Latin-America">Latin America</keyword>, Middle-East, Asia, Australia and <keyword id="22501" type="COUNTRY" weightage="20" keywordseo="New-Zealand">New Zealand</keyword> for export.

Hyundai India Puts Breaks On Export To Europe

<div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image on-image"><a title_source="AP" title_caption="Hyundai Motor Co. Vice Chairman Chung Euisun announces the new Genesis brand." class="zoomin" href="https://static-ssl.businessinsider.com/image/563a18ef9dd7cc19008c7114-960/ap_921105404544.jpg"></a>APHyundai Motor Co. Vice Chairman Chung Euisun announces the new Genesis brand.</div></div></div>Hyundai Motors announced this week that it will launch a global luxury car brand called Genesis.The Korean automaker made the decision in an attempt to take advantage of the higher profit margins in the luxury market and to help the company recover from weak earnings, <a href="http://www.cnbc.com/2015/11/04/hyundai-motor-launches-genesis-brand-to-tap-into-luxury-market.html" target="_blank">Reuters reported</a>.Although Hyundai's US sales rose 20% in October and 5% for the year, its global third quarter net income dropped by more than 25%, to $1.1 billion. According to<a href="http://www.cnbc.com/2015/10/22/the-associated-press-hyundai-motor-reports-lowest-earnings-in-more-than-5-years.html" target="_blank"> AP</a>, much of this can be attributed to softness in the Hyundai's China business, which has fallen sharply over the past quarter. To help run the new Genesis division, Hyundai has hired former Bentley and Lamborghini design boss Luc Donckerwolke, who will join the company early next year, Reuters reported. By 2020, the Genesis brand will consist of six models including sedan, sports cars and SUVs. The brand will begin by spinning off Hyundai's current Genesis luxury sedan. The Genesis sedan first launched in 2008, with a second generation introduced in 2013. Even while marketed as Hyundai models, the current Genesis cars carry very few of the company's logos. Instead, the cars are festooned with "Genesis" badging. Last year, Business Insider named the second generation Hyundai Genesis sedan one of the <a href="http://www.businessinsider.com/most-important-cars-of-2014-2014-12" target="_blank">most important cars of 2014</a>. The launch of the Genesis takes a page from the playbook run by Japan's large automakers more than two decades ago. Honda launched its Acura luxury brand in 1986, while Nissan and Toyota followed with their Infiniti and Lexus brands respectively in 1989. It is unclear yet when the Genesis brand will come to the US, although the company did emphasize that the brand will be a global venture. Hyundai Motors entered the US market in 1986 with the Excel compact and has since sold 10 millions car over the past 30 years. Currently, Hyundai and its Kia sibling hold roughly 8% of the US auto market. We have reached out to Hyundai for comment. <div class="KonaFilter image-container display-table"><div><div class="image on-image">Hyundai</div></div></div> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/mclaren-650s-spider-supercar-specs-review-test-drive-2015-7">This car drew more crowds than any other car we have driven </a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="90eGY3djqeqK3eBHfjpxe439UDlJC6og" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Hyundai is going after Lexus and Mercedes with a luxury brand of its own

Riding on increase in sales of the top three manufacturers – <keyword id="6912" type="CITY" weightage="100" keywordseo="maruti">Maruti</keyword> Suzuki, <keyword id="596" type="CITY" weightage="100" keywordseo="Hyundai">Hyundai</keyword> and <keyword id="6374147" type="COMPANY" weightage="100" keywordseo="Honda-Cars">Honda Cars</keyword>, car sales jumped 17.9% in August. This is also the third successive month for a double-digit growth in car sales. 
 
Led by compact and utility vehicle segments, wholesale dispatches of Maruti Suzuki increased by 29.3% in the month to 98,304 units as against 76,018 units in the same month last year. 
 Propelled by new launches like <keyword id="2453418" type="UNKNOWN" weightage="80" keywordseo="Elite-i20">Elite i20</keyword>, <keyword id="2044743" type="UNKNOWN" weightage="80" keywordseo="Xcent">Xcent</keyword> and the Grand, Hyundai’s sale increased 19.2%. 
 
Rakesh Srivastava, senior vice-president – sales and marketing, Hyundai Motor India said, "We maintain a cautious optimism for a good festive season on the strength of new products, increase in demand for petrol cars and improving customer sentiments." 
 
Honda Cars India, too, maintained the momentum with an 88% increase in in domestic wholesale dispatches. 
 
Kumar Kandaswami, senior director, Deloitte Touche Tohmatsu India, said, "The spurt in growth seems to be more on account of the prevailing sentiment rather than on hard economic data, at the moment. There may be a tapering off of demand if the economic parameters remain weak in the coming months."

Car Sales Go Up By 17.9% in August

What is the industry sentiment for Budget 2016? 
<a href="http://www.businessinsider.in/searchresult.cms?query=Passenger+vehicles">Passenger vehicles</a> have shown a positive trajectory with volume growth of 8.5% for the calendar year 2015. This growth was generated on improving fundamentals of <a href="http://www.businessinsider.in/searchresult.cms?query=GDP+growth">GDP growth</a>, reduction of interest rates and controlled fuel prices. The improved customer sentiments propel customer purchase for new vehicles. Challenges were that <a href="http://www.businessinsider.in/searchresult.cms?query=rural+India">rural India</a> saw drop in demand with average monsoons and drop in purchasing power. 
​ 
Industry sentiment is of cautious optimism with many product launches planned for the year as showcased in <a href="http://www.businessinsider.in/searchresult.cms?query=Auto+Expo+2016">Auto Expo 2016</a>. Hyundai has led the market with double the industry growth at 15.75% and we are optimistic of our leadership position with sustained growth in volume targets 500,000 by launching two new products this year including a new <a href="http://www.businessinsider.in/searchresult.cms?query=Compact+SUV">Compact SUV</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=Hyundai+Tucson">Hyundai Tucson</a> and maximizing the Modern Premium expression for customers along with the three Indian Car of the Year brands- <a href="http://www.businessinsider.in/searchresult.cms?query=Creta">Creta</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=Elite+i20">Elite i20</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=Grand+i10">Grand i10</a>. 
 
Expectations from Union Budget 2016? 
· We expect the government will initiate policy measures to further investments which will create employment and sustain the positive <a href="http://www.businessinsider.in/searchresult.cms?query=GDP+growth">GDP growth</a> above 7%. 
· Relaxation on indirect taxes to drive in increased conversions through result in a higher <a href="http://www.businessinsider.in/searchresult.cms?query=disposable+income">disposable income</a> amongst consumers. 
· We expect the government to consider <a href="http://www.businessinsider.in/searchresult.cms?query=Vehicle+Scrappage+Policy">Vehicle Scrappage Policy</a> for older vehicles which are low on fuel efficiency and high on emissions. 
· A uniform <a href="http://www.businessinsider.in/searchresult.cms?query=GST+policy">GST policy</a> will provide a <a href="http://www.businessinsider.in/searchresult.cms?query=uniform+tax+regime">uniform tax regime</a> and boost the business environment. 
 
(This article has been authored by <a href="http://www.businessinsider.in/searchresult.cms?query=Rakesh+Srivastava">Rakesh Srivastava</a>, Sr. Vice President (Sales &amp; Marketing ) at <a href="http://www.businessinsider.in/searchresult.cms?query=Hyundai+Motor+India">Hyundai Motor India</a> Ltd)

Here's Hyundai's take on what the Govt can do for the Auto Sector

New Delhi, Feb 1 () Hyundai Motor India Ltd (HMIL) on Saturday reported a 3.37 per cent decline in total sales at 52,002 units in January.
 The company had sold 53,813 units in the same month last year, HMIL said in a statement.
 Domestic sales were down 8.3 per cent to 42,002 units as against 45,803 units in January 2019, the company added.
 The company also said that it has commenced bookings for BSVI versions of Elite i20, Venue and Grand i10.
 Hyundai has already initiated sale of BSVI compliant Nios, Elantra, Santro and the newly launched Aura compact sedan. MSS ANS
ANS

You Searched For "hyundai i20 new launch" and got 8 results

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