After being such a success in the new car market, Hyundai Motor India Limited (HMIL) is planning to expand its used car business to all the existing dealerships in the country. Launched in 2006, the Hyundai used car brand is known as Hyundai Advantage and is being offered across 130 dealerships.
“We plan to expand our used car portfolio to cover all our dealerships by the end of this financial year. It is an important segment for us to attract new customers,” HMIL senior director (sales and marketing) Y K Koo said. Currently, the South Korean company has 296 dealer network pan-India and 597 service points.
Koo was in India to launch Hyundai’s best selling compact car i10 as Next Gen i10 at a starting price tag of Rs 3.51 lakh to Rs 5.93 lakh. Hyundai currently sells six models of passenger cars across segments. The vehicles included in the A2 segment are Santro, i10 and i20; A3 segment comprises Accent and Verna Transform; and A5 segment has Sonata Transform.
Hyundai currently sells nearly 30,000 units of new cars per month, which it wants to enhance to around 50,000/month on the back of Next Gen i10.