The auto major from South Korea has set its goals sky high. They plan to invest a jaw-dropping Rs. 5 thousand crores to register 1million units sales on charts till 2021, solely in India. The completely subsidized company plans to bring in 8 new models in India by 2020 out of which 3will be all new launches and others will be solid upgradations in already existing popular cars in our country.
Last year, the company sold 5 lakh units in the domestic sphere, recording a 17% market share in PV segment. "The fast changing trends and rising customer aspirations have always been the key driving force at Hyundai. We have set a target of 5,000 units per month for the new Xcent. We will also keep selling the old versions of the Xcent and i10 to cab aggregators as there is demand for such compact models in that vertical." YK Koo, MD, and CEO of Hyundai said.
