Hyundai unveils 5th gen Verna; launch later this month

Hyundai Motor India on Friday unveiled the new version of Verna, its mid-sized sedan.

The fifth generation Verna is based on a newly developed K2 platform and has been developed with an investment of ₹1,040 crore. The company has also commenced the pre-bookings of the upcoming model which it plans to launch on August 22.

“We have set a target of 10,000 deliveries before Diwali,” Hyundai Motor India (HMIL) Managing Director & CEO YK Koo told the press. “The next gen Verna will create disruption in the sedan segment with its benchmark features and performance,” he added.

The latest model comes with 1.6 litre petrol and diesel engines mated with both manual and automatic transmissions.

The company has so far sold 3.17 lakh units of the sedan in the country since the introduction of the model in 2006. Globally, around 88 lakh units have been sold.

The new Verna will be pitched mainly against Maruti Suzuki’s Ciaz and Honda’s City sedans which are priced between ₹ 7.65 to 13.43 lakh (ex-showroom Delhi) in the mid-sized sedan segment.

On the overall business, Mr. Koo said India has contributed 14.5 per cent to overall volumes of the South Korean manufacturer in the first half of the current fiscal. “In India, we have sold a total of 3,72,982 units in the first half,” he said.