South Korea Auto Firm, Hyundai Motor has concluded plans to further consolidate its Sports Utility Vehicle (SUV)portfolio in India.
The company, which is the second largest passenger vehicle maker in the country, is also gearing up to bring a seven-seater model in the country.
“The SUV segment is the market driver currently. We have an edge globally when it comes to SUVs. So, going ahead we are going to further strengthen our lineup in the country,” Hyundai Motor India Ltd (HMIL) MD and CEO SS Kim said.
In 2019, SUV sales were 25 per cent of the total passenger vehicle sales. In 2020, the sale contribution of the segment rose to 29 per cent and in January this year it surged to 33 per cent. When asked if the company is planning to launch an MPV in the country, Kim said: “There is market demand for multi seater vehicle so we are preparing some product and hopefully in the future we can introduce something new, not specifically a multi purpose vehicle (MPV) but a vehicle with multi seating configuration.”
