Hyundai moves for 16 per cent growth

Hyundai, India’s second largest car maker after Maruti, is aiming to scalp the growth rate of 16% during this period ending December 2010. The company’s 2009 show was the growth with 20.8% due to the economic fall in the previous year (2008) as the sale was 6 lakh units, said the company’s director for sales and marketing. Hyundai has the corporate policy of introducing one refined model and a new model every year. In this regard, the company delivered the Verna Transform [images], the model which has so far seen some 82000 owners. The new version is designed with changes in interior and exteriors for sporty look while the power train is the same. Hyundai sells Verna @2000 monthly units and at an investment of Rs60crore, the company’s unit near Chennai is facilitated to refine the car. Already there was a refined version of the another successful brand Santa made last year. The company’s official said the next transformation of Santa, will be Santa YF which is under process but Sonata Fe will precede this in 2010. There was no official comment about the proposed entry of Hyundai’s sister concern Kia Motors into India.

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