Hyundai India Will Pass BS-VI Transition Cost to Consumers in Phases

Hyundai India Will Pass BS-VI Transition Cost to Consumers in Phases

by Jyoti
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(Image: Reuters)

Hyundai will incur an extra price of Rs 15,000-20,000 for petrol vehicles and Rs 35,000-40,000 for diesel automobiles to improve to BS-VI emission norms.

  • PTI
  • Last Updated: February 26, 2020, 10:52 AM IST
  • Edited by: Chhavianshika Singh

As the auto sector strikes on the gradual lane, Hyundai Motor India Ltd mentioned it’s not planning to move to clients the whole incremental price incurred in switching to Bharat Stage VI emission normal, however will do it in phases. The BS-VI emission norm would come into drive from April 1 throughout the nation and new vehicles can’t be offered until they’re compliant to the brand new normal.

“As of now, we will not pass the total cost incurred to upgrade to BS-VI immediately to the consumers. It will be gradual,” Hyundai India nationwide gross sales head Vikash Jain advised PTI when requested whether or not the corporate will move the price or take in it, given the market situation.

He mentioned on a mean, the automaker will incur an extra price of Rs 15,000-20,000 for petrol vehicles and Rs 35,000-40,000 for diesel automobiles to improve to new emission norms. The Korean auto main additionally expects that the second half of 2020 can be much better. “In 2020, the auto sector is expected to remain flattish to low rate of growth of 2-3 per cent,” Jain mentioned. Speaking on the sidelines of the inauguration of their seventh dealership within the metropolis, Gajraj Hyundai, Jain mentioned Kolkata has a robust model recall and instructions about 19.four per cent market share towards 17.three per cent country-wide for Hyundai.

Jain mentioned to counter the degrowth, the corporate will usher in new launches and upgrades. “We have introduced new Aura which has seen a lot of traction in demand. The new Creta will also be launched soon,” Jain mentioned with out elaborating.



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