Business Standard
Monday, May 28, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Hyundai showcases MPV Hexa Space
Press Trust of India / New Delhi Jan 05, 2012, 12:16 IST

Car maker Hyundai today unveiled its concept multi-purpose vehicle 'Hexa Space' at the 11th Auto Expo here.

The company also showcased a new version of Sonata, which it expects to launch in India by February end.

"We are showing our new concept MPV 'Hexaspace' for the first time ... It is too early to say when it could come in the market but it will take  three to four years ..." Hyundai Motor India (HMIL) Director (Sales and Marketing) Arvind Saxena told reporters at the global premiere of the MPV.

The vehicle has a seating for eight passengers and all the seats are shaped hexagonally to create optimum space utilisation. It has been designed for urban customers in the 30-40 age group, the firm said.

Asked if India would play a role in the development of the vehicle, he said, "India is a big market for the company and could definitely play a role in the development. But showcasing a concept only shows our way head. For developing a product for India, we need to see the environment and other factor also."

Besides, the company also showcased the sixth version of sedan Sonata here. The firm did not reveal the price of the new car but said it will announce it by the end of February.

"The new Sonata will strengthen our brand signature. Both the vehicles (Sonata and Hexaspace) will raise the bar and set new benchmarks in India's fast growing automobile market," HMIL Managing Director and CEO H W Park said.

The company also said it does not expect the revival of the auto industry in the current and next quarters and needs government intervention to boost the sentiment of the auto segment.

"It is a tough quarter. We expect the market condition will improve in the second half of next year. Government intervention is needed to create a positive vibe... Besides, softening of the interest rates could help the segment," Saxena said.

For extensive coverage on 11th Auto Expo visit http://www.bsmotoring.com/autoexpo/

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets open on a firm note
- Zylog Systems rises on strong Q4 earnings, stock split from Rs 10 to Rs 5
- Hotel Leela gains on fully redemption of bonds
- RCom rises on more than double Q4 net
- Rupee gains as global risk aversion wanes
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Renu Kohli: Rupee: depreciated tactics
- RIL wants import-parity price for its gas
- Mobile handset companies bet on Indian app makers
- NRIs likely to be allowed to invest through new route
- Gold imports fall 32% on strict govt measures
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us