Hyundai stops Accent
One of the leading auto giants, Hyundai Motors India Ltd. is stopping making its entry level sedan cars accent to launch a new concept car.
Second largest car manufacturer in India, Hyundai Motor India Ltd has stopped manufacturing its entry-level Hyundai Sedan car, Accent. A top official at Hyundai confirmed the development without explain details.
Another official linked the move to the launch of new car that would compete with Maruti Suzuki Swift. New car will be placed between Hyundai’s i10 and i20 models. “We will be launching our small car both in petrol and diesel variants. The move to phase out Accent is taken in that direction,” the latter said.
Spokesperson of company declined to comment on the matter.
On 31 January, Mint reported that Hyundai Motors is preparing to launch a small car to compete with Maruti Swift as it looks to boost its market share in the country. New car, code-named BA, is being manufactured by the company in South Korea. Hyundai upcoming car 2013 will follow so-called “Fluidic” design that characterizes three Hyundai cars including i20, Verna and Elantra.
Sales of Accent have been decreasing in recent years due to non-availability of diesel variant and cut-throat competition.
In last fiscal, sales of cars deduced 67% to 2,931 units according to figures provided by Society of Indian Automobile Manufacturers (SIAM).