<p>Hyundai Motor India on Monday forayed into the entry-level SUV segment in the country with the launch of all-new model Exter, with introductory prices ranging between Rs 5.99 lakh and Rs 9.31 lakh (ex-showroom).</p>.<p>The model, which competes directly with Tata Motors Punch, comes powered by a 1.2-litre petrol engine mated with both manual and automatic variants.</p>.<p>The five-speed manual trims, which deliver fuel efficiency of 19.4 km per litre are priced between Rs 5.99 lakh and Rs 9.31 lakh.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/domestic-automobile-retail-sales-rise-10-in-june-fada-1234422.html" target="_blank">Domestic automobile retail sales rise 10% in June: FADA</a></strong></p>.<p>The five-speed automatic variant is tagged at Rs 7.96 lakh with a claimed fuel efficiency of 19.2 km per litre.</p>.<p>The CNG trim is priced at Rs 8.23 lakh with an efficiency of 27.1 km per kg.</p>.<p>Speaking at the launch, Hyundai Motor India MD and CEO Unsoo Kim said with the launch of Exter, the automaker has now become a full-range SUV manufacturer in the country.</p>.<p>He noted that the company has invested Rs 950 crore on the development of the model.</p>.<p>Outlining Hyundai's commitment to the Indian market, Kim said the automaker has recently announced a Rs 20,000-crore investment spread over ten years to enhance production capacity, introduce electric models and set up a battery pack unit in Tamil Nadu.</p>.<p>The company is looking to enhance its annual production capacity to 8.5 lakh units per annum from 8.2 lakh units currently at its Chennai-based plant, he added.</p>.<p>Hyundai Motor India COO Tarun Garg noted that the model would help in bringing additional volumes to the company while strengthening its overall SUV portfolio.</p>.<p>"Exter is our eighth SUV model in the country. With this, now we are the only company to offer products in the six SUV sub-segments," he added.</p>.<p>Outlining the growth of the SUV segment, he stated that the vertical now accounts for 46 per cent to the overall passenger vehicle sales in the country.</p>.<p>For the company, the contribution of the SUVs in its overall sales has gone up to 54 per cent currently from 34 per cent in 2019, he added.</p>.<p>"We have also achieved leadership in three segments where we have Verna, Creta and Tucson," Garg said.</p>.<p>In the SUV segment, the automaker already sells models like Venue, Creta, Alcazar, Tucson, Kona Electric and Ioniq 5.</p>.<p>Garg noted that sales in the entry-level SUV segment could touch 20,000-22,000 units per month with the launch of Exter.</p>.<p>Tata Punch currently sells around 11,000 units per month. Last year the model sales stood at 1,29,895 units, while in the January-June period this year it stood at 67,117 units.</p>.<p>"Exter will bring in so many more new customers for Hyundai and the entire segment benchmark will go up," Garg said.</p>.<p>The Exter comes with a boot space of 391 litres, ground clearance of 185 mm, dash cam with dual cameras, electric sunroof, six airbags as standard and various connected features.</p>.<p>On sales outlook for the rest of the fiscal, Garg stated that things are looking good with chip shortage is more or less over.</p>.<p>The automaker has grown by 10.5 per cent in the first half of this year, he said.</p>.<p>"So I think things are looking good. And this was without Exter... now a good volume model is coming, so things should be good going forward," Garg said.</p>.<p>Hyundai sold 2.96 lakh units in January-June period this year, as compared to 2.67 lakh units in the same period of last year.</p>
<p>Hyundai Motor India on Monday forayed into the entry-level SUV segment in the country with the launch of all-new model Exter, with introductory prices ranging between Rs 5.99 lakh and Rs 9.31 lakh (ex-showroom).</p>.<p>The model, which competes directly with Tata Motors Punch, comes powered by a 1.2-litre petrol engine mated with both manual and automatic variants.</p>.<p>The five-speed manual trims, which deliver fuel efficiency of 19.4 km per litre are priced between Rs 5.99 lakh and Rs 9.31 lakh.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/domestic-automobile-retail-sales-rise-10-in-june-fada-1234422.html" target="_blank">Domestic automobile retail sales rise 10% in June: FADA</a></strong></p>.<p>The five-speed automatic variant is tagged at Rs 7.96 lakh with a claimed fuel efficiency of 19.2 km per litre.</p>.<p>The CNG trim is priced at Rs 8.23 lakh with an efficiency of 27.1 km per kg.</p>.<p>Speaking at the launch, Hyundai Motor India MD and CEO Unsoo Kim said with the launch of Exter, the automaker has now become a full-range SUV manufacturer in the country.</p>.<p>He noted that the company has invested Rs 950 crore on the development of the model.</p>.<p>Outlining Hyundai's commitment to the Indian market, Kim said the automaker has recently announced a Rs 20,000-crore investment spread over ten years to enhance production capacity, introduce electric models and set up a battery pack unit in Tamil Nadu.</p>.<p>The company is looking to enhance its annual production capacity to 8.5 lakh units per annum from 8.2 lakh units currently at its Chennai-based plant, he added.</p>.<p>Hyundai Motor India COO Tarun Garg noted that the model would help in bringing additional volumes to the company while strengthening its overall SUV portfolio.</p>.<p>"Exter is our eighth SUV model in the country. With this, now we are the only company to offer products in the six SUV sub-segments," he added.</p>.<p>Outlining the growth of the SUV segment, he stated that the vertical now accounts for 46 per cent to the overall passenger vehicle sales in the country.</p>.<p>For the company, the contribution of the SUVs in its overall sales has gone up to 54 per cent currently from 34 per cent in 2019, he added.</p>.<p>"We have also achieved leadership in three segments where we have Verna, Creta and Tucson," Garg said.</p>.<p>In the SUV segment, the automaker already sells models like Venue, Creta, Alcazar, Tucson, Kona Electric and Ioniq 5.</p>.<p>Garg noted that sales in the entry-level SUV segment could touch 20,000-22,000 units per month with the launch of Exter.</p>.<p>Tata Punch currently sells around 11,000 units per month. Last year the model sales stood at 1,29,895 units, while in the January-June period this year it stood at 67,117 units.</p>.<p>"Exter will bring in so many more new customers for Hyundai and the entire segment benchmark will go up," Garg said.</p>.<p>The Exter comes with a boot space of 391 litres, ground clearance of 185 mm, dash cam with dual cameras, electric sunroof, six airbags as standard and various connected features.</p>.<p>On sales outlook for the rest of the fiscal, Garg stated that things are looking good with chip shortage is more or less over.</p>.<p>The automaker has grown by 10.5 per cent in the first half of this year, he said.</p>.<p>"So I think things are looking good. And this was without Exter... now a good volume model is coming, so things should be good going forward," Garg said.</p>.<p>Hyundai sold 2.96 lakh units in January-June period this year, as compared to 2.67 lakh units in the same period of last year.</p>