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Hyundai Motor India Ltd (HMIL) today launched a new version of its mid sized sedan Verna with introductory price starting at Rs 7.99 lakh ( ex-showroom Delhi). The petrol variants of the fifth generation Verna are priced between Rs 7.99-12.23 lakh while the diesel trims are tagged between Rs 9.19-12.61 lakh. "The next generation Verna is engineered to deliver excellence in all core areas of styling, performance, technology, safety, ride and handling creating a new benchmark in the sedan segment," Hyundai Motor India MD & CEO YK Koo told reporters here. HMIL Director Sales & Marketing Rakesh Srivastava said the introductory prices will be applicable for first 20,000 customers only. "We will take a price increase after 20,000 units," he said. The latest model comes with 1.6 litre petrol and diesel engines mated with both manual and automatic transmissions. The fifth generation Verna is based on a newly developed K2 platform and has been developed with an investment of Rs ..
Gireesh BabuHyundai Motor India is planning to deliver around 10,000 units of its fifth generation of sedan Verna, a version in which it has invested around Rs 1040 crore for development including safety and efficiency, before Diwali and targets a sales of around 4,500 units per month. The company is planning to start exports of the car from the end of this year and to outpace the domestic sales in 2018 with around 60,000 units exports target a year.Y K Koo, managing director and CEO of Hyundai Motor India Ltd (HMIL), after unveiling the product in the company's factort in Sriperumbudur, near Chennai today, said that the bookings for the next generation Verna will be held between Friday and August 21 and it will be launched on August 22."We are expecting that the first 10,000 units will be delivered before Diwali," said Koo. The company is yet to finalise the price, but the price range may start at less than Rs 10 lakh for the low and middle variants. In future the company will have ..