Hyundai Motor India is planning to launch 2-3 new models every year till 2020 as a part of its efforts of further strengthening its position in the country.
The company is the second largest car maker in India and eyes 1 percent growth in its market share each year during the period.
Hyundai Motor India MD & CEO BS Seo said that “In the last two years we have launched seven models. We plan to launch 2-3 new models, including full model changes, every year continuously till 2020.”
He said further that the company is targeting one percent increase in its market share every year for the next five years.