HMIL earmarks more volumes for export than domestic of next-gen Hyundai Verna
Posted on: Apr 25, 2017 - 4:44pm IST
The next-gen Verna is confirmed for its Indian release in H2 2017.
Speaking to IndianAutosBlog at the 2017 Hyundai Xcent’s launch, Y.K Koo, MD of Hyundai Motor India Limited, has divulged that the company will export more units of the next generation Verna to international markets than produce for domestic sales.
Confirming that the model will launch in the second half of the year, he said:
This (next-gen Verna) is a major product for export. Even domestic market we are expecting good numbers, but export volume is much higher. So HMIL will be a production hub for our HMC export to global market.
HMIL currently exports its lineup to more than 92 countries, which include the Middle East, Africa, Asia or the Latin America. It was also country’s largest exporter of passenger vehicles in FY 2016-17, in which the most popular products were the Hyundai Creta and Hyundai Grand i10 series.
India will be the fourth production hub for the next gen Verna, following South Korea (Accent), China and Russia (Solaris). Mr Koo is yet to divulge the list of countries that the new Verna will target, but expect it to be sold in most (if not all) markets where the Hyundai Creta is sold. Production will start in the second half of this year at the factory in Chennai.
The next-gen Verna has been spied testing on Indian roads, featuring a full body camouflage that hides an exterior design seemingly similar to the new Accent recently unveiled in Toronto. Reports suggest that a launch is scheduled for the month of August.