Hyundai receives order for 10,501 Verna units from West Asia

The all new Verna, which was introduced in the country in August this year, will be sold as Next Gen Accent in West Asia markets

Representative image. Photo: Twitter
The new Verna will be pitched mainly against Maruti Suzuki's Ciaz and Honda's City sedans which are priced between Rs 7.65-13.43 lakh (ex-showroom Delhi) in the mid-sized sedan segment. Photo: Twitter
Press Trust of India New Delhi
Last Updated : Oct 24 2017 | 4:04 PM IST

Don't want to miss the best from Business Standard?

Hyundai Motor India on Tuesday said it has received order for 10,501 units of its recently launched all-new Verna from the West Asia.

The all new Verna, which was introduced in the country in August this year, will be sold as Next Gen Accent in the West Asia markets, including Saudi Arabia and Oman.

"This is the single largest order for the Next Gen Verna that the company has received since inception and a big jump compared to the earlier generations of Verna and Accent," Hyundai Motor India Ltd (HMIL) said in a statement.

Also Read

The units will be shipped out in December, it added.

The company said it had invited 33 distributors from the West Asia, including Saudi Arabia, Oman and the UAE and other Asian countries like Vietnam, Philippines, Sri Lanka, to its Chennai-based plant on September 21, 2017.

The visitors were given a detailed plant tour, a presentation on the product, its quality parameters and the plant capabilities, which finally culminated with exclusive drive experience of Next Gen Verna, HMIL said.

HMIL MD and CEO Y K Koo said the company is proud to receive such a large single export order within one month of showcasing the product to the distributors from overseas markets.

"It is in perfect harmony with Hyundai's commitment of 'Make in India, for the world' and also is in line with the Indian government's 'Make in India' vision, he added.

HMIL said the model would also be exported to South Africa and various other Gulf and Asian countries from the beginning of next year.

In the domestic market, the company has till now received over 18,600 bookings and more than 1.43 lakh enquiries in just two months since its launch.

In the last month, Verna led the mid-size sedan segment with sales of 6,053 units.

The fifth generation Verna is based on a newly developed K2 platform and has been developed with an investment of Rs 1,040 crore.

The company has so far sold 3.17 lakh units of the sedan in the country since the introduction of the model in 2006. Globally, around 88 lakh units have been sold.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 24 2017 | 4:01 PM IST

Next Story