In its bid to revive its presence in the executive car segment, India’s second largest car maker Hyundai Motor India Ltd on Monday launched its new sedan Elantra at an introductory price ranging between Rs 12.5 lakh and Rs 15.8 lakh.
The new Elantra is available in both petrol and diesel versions. While the petrol variant, powered by an 1.8 litre engine, is available between Rs 12.51- 14.74 lakh , the diesel option has an engine capacity of 1.6 litres priced at Rs 12.91-15.85 lakh.
“The new Elantra was launched in the US in 2011 and it has received overwhelming response worldwide. We are confident that in india also this will be a success,” Hyundai Motor India Ltd (HMIL) Managing Director and CEO BS Seo told media here after the launch of the new car.
Meanwhile, the company which had earlier planned to set up a diesel engine manufacturing plant at its Chennai facility, said it has delayed the project due to lack of clarity of government policy on fixing of diesel and petrol prices.
“Coming to the executive segment the new Elantra completes our line up in India Seo said.