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Hyundai Motor hopes to increase sales of SUVs with Alcazar

Automaker Hyundai Motor India on Friday launched its premium 6 and 7-seater SUV Alcazar. Hyundai Motor India Limited, India’s second largest carmaker, is expecting good sales in its Sport Utility Vehicle (SUV) segment with the launch of the 6/7 seater Alcazar.

He further said, about 45 per cent of the company’s total sales are contributed by its SUVs. SUV sales are expected to increase with the launch of the premium SUV 6/7 seater Alcazar.

In the last financial year, the company sold a total of 575,877 units in the domestic market including sales and exports. Speaking on the launch of the company’s new premium SUV 6/7 seater Alcazar on Friday, Tarun Garg, Director (Marketing and Sales), Hyundai India told reporters that SUVs (Venue, Creta, Kona and SUVs) contribute 45 per cent to the company’s sales. Tucson) and that number will increase with the arrival of Alcazar.

The company currently holds a 25 per cent market share in the SUV segment.

Garg said that due to the Kovid epidemic, people are mostly preferring to travel by their vehicles and as the process of vaccination is also going on. In such a situation, it is being estimated that the rate of economic growth will be in double digits, the prospects are good.

The new model is expected to hit the market within 6-8 weeks. To this, Garg said that the work on the third shift in the factory is going to start from Monday.