Indias sports utility vehicle (SUV) market is
getting crowded. The latest news: Hyundai Motor India
is deciding to launch its Terracan model very soon.
a segment where Hindustan Motors (with the Pajero), General
Motors (Chevrolet Forester), Tata Engineering (Tata Safari)
and Mahindra & Mahindra (Scorpio) are present, and
with others like Toyota Kirloskar Motors toying to launch
the Prado and Maruti Suzuki the Grand Vitara, Hyundai
Motor would not like to miss out the action.
to Hyundai Motor officials the company waited to see what
Budget 2003-04 held for import of such vehicles in a completely
built-up unit (CBU).
officials are silent about the proposed model, overseas
the four-wheel drive Terracan comes in diesel (two types)
and petrol versions. As a safety measure the model has
dual airbags (driver and front passenger) and an anti-lock
Motor has increased its daily production to 30 vehicles
from 23 with minimal additional investments extension
of conveyor lines and the like. The company is also in
the process of investing over $200 million to scale up