The Hyundai brand has been on the brink of bankruptcy and has been left to fight for its survival after a series of legal actions and the introduction of the new generation of the popular ‘Hyde’ vehicles.
The company has been stuck in the UK for more than a decade and has struggled to regain market share with its rival brands.
The new generation ‘Hyderabras’ are said to have significantly improved performance and the brand is also set to get an upgrade from Hyundai Motor Co., Ltd.
The new vehicles will be offered in select cities across India, including Delhi, Mumbai, Bangalore, Hyderabad and Mumbai.
Hyundai said in its latest quarterly results that the new models have reduced fuel consumption by 13% in the state of Maharashtra and have improved fuel economy by 11% compared to the previous generation models.
It also said that the company has seen a 15% increase in sales of vehicles.
However, the new cars were not immediately available in Mumbai, which is likely to be the next major target market for the brand.
Hyundai Motor India CEO Gautam Vijay said in a statement that the “Hyundai brand will continue to grow and achieve its target of being a leading vehicle and technology company in the country”.
Hyde will be returning to India, the company said in the statement.
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