Hyundai is planning to introduce a brand-new entry-level sedan in Russia and emerging markets. The car in question is the Verna RB, which according to internet sources, is a sedan based on the i20's platform.
We earlier reported that the Verna RB will be 12-13 lakh rupees, but that isn't true after the emergence of this recent report unless Hyundai is looking at the CBU or CKD option. If the compact RB is based on the i20's platform, we find no reason why they must import it.
It will also feature a specially tuned suspension set-up adapted to Indian road conditions. The Verna RB should be sold under a different name and will lock horns with the Honda City, VW Vento, Ford Fiesta and the likes.
This is the exact same segment which the Verna is currently participating in. With fresh competition arriving in the form of the Euro Fiesta sedan and Nissan Micra-based sedan, Hyundai must position the RB sedan below the Verna considering it will have a 1.4-liter engine producing 109 hp.
Source - Hyundai Blog