Hyundai SUV to get cheaper – How?
Hyundai has been enjoying good sales in India. All their cars have been selling well due to wide variant spread and segment-first features. But there is one car that doesn’t do that well, the Hyundai Tucson. The Tucson is a capable product with great design and performance. But it is on the expensive side. The reason it is expensive is that it comes through Completely Knocked Down (CKD) route in India. Which we will be explaining below. In today’s article, we will be looking at this locally made Hyundai Tucson.
Why is the Hyundai Tucson expensive?
Hyundai currently brings the Tucson through CKD units in India. In CKD, cars are completely knocked down to individual parts and then these parts are brought into our country. Then these parts are put back together. Though CKD cars have fewer taxes than CBU units still a considerable amount of taxes are leveraged.
How will Hyundai reduce the prices?
Considering Hyundai already manufactures a lot of cars in India, they can manufacture the Tucson in India. These will help save a considerable amount of taxes and costs of importing parts – making the overall cost less. Considering the expertise here, it shouldn’t be such a daunting task for Hyundai.
Locally-made Hyundai Tucson and benefits
Considering the amount of investment, we expect Hyundai to start with the new generation car. This India made Tucson will get some Indian elements. The engine specs and all are expected to remain the same. This locally made Tucson will help Hyundai to price it competitively with the competition. This Tucson currently competes with the Jeep Compass and Citroen C5 Aircross. The locally made car will be cheaper and will enable Hyundai to take the fight to the Tata Harrier and MG Hector.
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