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Hyundai is all set to launch its Sports Utility Vehicle Santa Fe in the Indian market this festive season.
Hyundai Motors finally launched their much anticipated Sports Utility Vehicle (SUV) Santa Fe in the Indian market just as the festive season kick started.
Both the carmakers do not have a strong presence in the SUV market and with these products they are aiming at filling the gap in their Indian portfolio.
With its Storm Edge design language, the new Santa Fe replaces the older model and competes with the likes of the Toyota Fortuner, Ford Endeavour, Ssangyong Rexton and Chevrolet Captiva.
Apart from this, the company will roll out its SUV Santa Fe in October this year which will carry a price tag between Rs 20 lakh (Rs 2 million) and Rs 22 lakh (Rs 2.2 million) a unit.
Santa Fe was first introduced globally in 2001 as Hyundai's first SUV.
Hyundai Motor India also plans to raise its sales in the overseas market this year.
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A number of carmakers have launched new products in the SUV/MUV segment within a span of few months.
The craze over SUVs has just started in India.
HMIL sells a range of vehicles starting from entry-level small car Eon to premium SUV Santa Fe, which are priced between Rs 325,000 and Rs 31.75 lakh
Young Key Koo, managing director, Hyundai Motors India, said SUV was the right product for India
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The 28-year-old's body was flown back to Argentina and arrived in Buenos Aires on Friday morning before being driven the 538 km (334 miles) to Progreso, where he grew up.
Maruti Suzuki India to hike prices of its vehicles across models by up to Rs 20,000 from January to offset rising costs.
Toyota, Mercedes Benz and BMW, have announced a hike already.
Carlos Tevez scored his first goal for Boca Juniors at La Bombonera in more than a decade but it was not enough to prevent his side from crashing to a shock 4-3 defeat to Union in the Argentine championship on Sunday.
The SUV will herald a new chapter in Hyundai's success story.
With fast changing mentality of the crowd here, the automakers are creating their own categories to attract more and more buyers.
Ruural markets contribute a significant chunk of SUV sales and there was a slowdown in demand from semi-urban and rural areas.
Most of the deaths are related to fights between the barras bravas, Argentina's hooligan firms.
Petrol variants of the car are priced between Rs 6.38-7.09 lakh.
Prices across all models starting from Eon to Santa Fe has been hiked in the range of Rs 15,000 to Rs 127,000