Hyundai Motor Launches New Accent Model
South Korea's largest automaker Hyundai Motor has launched a new Accent model globally after 11 years of its launch in the country.
This is a fuel-efficient sub-compact car and the company plans to sell the model up to 500,000 units globally.
According to Hyundai, the new Accent would be built in Russia and India next year. The company is already producing the model at Ulsan and some plants are also there in China.
Meanwhile, company president Yang Seung-Suk said, "Through aggressive marketing, we will reignite potential demand for fuel-efficient and high-performance models, particularly among young generations who can afford entry-level cars.”
The company has invested 200 billion won (180 million dollars) over the past five years to develop the sedan. The model will replace the Verna sub-compact car.
The company targets the sale of up to 20,000 units in the domestic market in 2011.
A Hyundai official said the company would start exporting the model from its South Korean plant to the US next March.