Hyundai looks to bolster presence in SUV segment
New Delhi: Hyundai Motor India is all set to further strengthen its presence in the fast growing SUV segment in the country with the launch of an all-new model later this month, as per a top company official.
Christened as Alcazar, the new premium SUV would come with both petrol and diesel powertrains mated with six speed manual and automatic transmissions. The petrol trims would be powered by 2 litre BSVI engine which churns out 159 PS of power while the diesel variants would be offered with 1.5 litre BSVI powertrain which generates a power of 115 PS. The Alcazar, which is to be positioned between Creta and Tucson, would feature six and seven seat configurations. "The Indian market used to be a dominant hatchback market in the past. It still remains strong but the SUV segment is growing much faster and we expect this segment to even grow further.
We (Hyundai) have already experienced such situations in other global markets like Europe and the US," Hyundai Motor India Ltd (HMIL) MD and CEO SS Kim told PTI. He noted that Creta and Venue have tasted success and now it is the turn of Alcazar to join the bandwagon. "We are bringing the model with a lot of benefits and special features for the customers. It would be a great value for money offering from us and we strongly believe that we will grow this segment," Kim said.