Business India ×
  Magazine:
Automobiles

Published on: July 27, 2021, 9:38 p.m.
Season of SUVs
  • With Alcazar, Hyundai now has a complete range of SUVs

By S.M. Boothem

The Indian car market has transformed over the years and the ‘sports utility vehicles’ (SUVs) played a major role in this transformation.  From sedans and hatchbacks, the favourite choices for Indian customers have now moved to SUVs. For a long time, Mahindra & Mahindra was a dominant player, with a majority market share in SUVs, with its rugged vehicles such as Bolero, Scorpio and 

XUV 500, until other players entered this space. Currently, almost all carmakers in India have a presence in this segment as SUVs contribute to good sales numbers. The carmakers offer different types of SUVs in the compact, mid-size, premium and luxury categories. The share of SUV sales in total passenger vehicles is more than 30 per cent. This is only going to grow, with new products like Skoda’s Kushaq, VW’s Taigun and Mahindra’s new XUV 700 making their appearance. Even the new player, Citreon is no exception in acknowledging customer choice and has introduced the first product, C5 Aircross SUV, recently in India.

In the compact segment, Maruti Suzuki’s Vitara Brezza is one of the bestsellers for the company. Even its other brand, the mid-size S-Cross, is selling in decent numbers. A leader in passenger vehicles (PVs), Maruti’s presence in SUVs is limited, compared with others. Nissan India was struggling to get a footing in the domestic market, till their new compact SUV, the Magnite opened the gates for the carmaker.

The Magnite was well-received by customers. Within a short period, the Magnite crossed bookings of more than 50,000. Many other automakers in India tasted success with the introduction of SUVs – among them Ford Ecosport, Renault Duster, Renault Kiger, Hyundai Venue, Hyundai Creta, Kia Seltos, Kia Sonet, Tata Nexon, Tata Harrier and MG Hector, to name a few.

Rising sales figures

Five years ago, the SUV trend in India contributed 13.5 per cent to the overall industry. In CY2020, it had gone up to 29 per cent; and in 2021 (from January to May), it has gone up to 35.2 per cent. The rising sales figures show how the preference of the Indian customer is leaning towards SUVs.

The new trend in the Indian automotive market is the six to seven-seater SUV. MG Hector Plus and Tata Safari are already available in the market. Also, Mahindra’s new XUV 700 is expected to be launched shortly. And, the latest one to join this elite club is Alcazar, the premium SUV from Hyundai. With Alcazar, Hyundai now has a complete range of SUVs – the other SUVs in the line-up being Venue, Creta, Tucson and Kona Electric. “This year, we have embarked on a new journey as we complete 25 years of excellence in India,” observed SS Kim, MD & CEO, Hyundai Motor India Ltd (HMIL), commenting on the Alcazar.

“Hyundai has entered a new segment and we aim to redefine premium travel experiences for our customers across the country. Hyundai Alcazar is the personification of our customers’ aspirations, giving them the ability to travel together with family and friends for a happy life and quality time,” he added. 

  • What gives us absolute pleasure is that we have been able to rise to the customers’ benchmark in terms of experience, technology, creating new segments

With a starting price at Rs16.30 lakh, Alcazar is available in three variants (Prestige, Platinum and Signature) offering both six and seven-seater layouts with 60+ advanced Blue Link features. Customers can choose from six colour options. The Alcazar will offer customers good warranty options too – five years/50,000 km or four years/60,000 km or three years/unlimited km. Hyundai is also offering three years’ roadside assistance, Blue Link subscription and map updates free of cost to customers.

“What gives us absolute pleasure is that we have been able to rise to the customers’ benchmark in terms of experience, technology, creating new segments,” affirms Tarun Garg, director (sales, marketing & service), HMIL. 

“It is all about the customers, whether it is about the introduction of new technology or the new products, we are centred around strong market research and what the consumers want,” adds Garg, while talking about Hyundai’s success story.

HMIL made an investment of Rs650 crore for developing the Alcazar. With the positive response from customers, Hyundai received more than 5,000 bookings for all its variants. HMIL has cumulatively sold over one million SUVs in the domestic and export markets. The company also rolled out its 10th million vehicle recently, which happened to be the new Alcazar.

With the arrival of the Hyundai Alcazar, there is now intense competition in the premium SUV segment with the new Tata Safari, MG Hector Plus and the upcoming Mahindra XUV 700. How they will perform in the market remains to be seen. 

Cover Feature

Lalithaa Jewellery's shining moment

With the gold & jewellery industry catching up with the fastest-growing Indian economy, Chennai-based Lalithaa Jewellery looks to cash in on its cost advantage

Focus

Will it be glad season for the hospitality sector?

Feeder cities and spiritual tourism should bolster Indian hospitality sector

Corporate Report

TVS Mobility group hits the top gear

The Madurai-headquartered TVS Mobility Group appears to have hit the right lane for faster growth

Corporate Report

With quality products, Brigade transforms real estate

Brigade emerges as one of the leading, trusted property developers in the country

E-MAGAZINE
Modi 3.0
Economy in election mode
The untold story of the king of gold
FROM THIS ISSUE

Government

Corporate Report

Automobiles

Feature

Corporate Report

Corporate Report

Agriculture

The introduction of black pepper as an inter-crop in the sopari and coconut orchards, has enabled farmers to cultivate crops simultaneously

Skill Development

In 2020-21, the programme reached over 112,482 girls in urban and rural locations across six states in India, including 10,000 across Delhi

Collaboration

The event brought together stakeholders and changemakers to participate in a series of conversations on global trends and recent developments

Healthcare

The programme will focus on educating children on oral health and building awareness around the dangers of tobacco use

Biogas

German BioEnergy enters Indian market

Published on Aug. 17, 2023, 11:54 a.m.

BioEnergy will showcase its innovative biogas technology in India

Mobility

Ather looks to double its market share

Published on Aug. 17, 2023, 11:26 a.m.

Ather aims to produce 20,000 units every month, soon

Green Hydrogen

‘Kerala Hydrogen ecosystem a model for all states’

Published on Aug. 17, 2023, 11:06 a.m.

German Development Agency, GIZ is working on a roadmap for a green hydrogen cluster in Kochi

Renewable Energy

Adani Green eyes 45GW RE

Published on Aug. 17, 2023, 10:45 a.m.

AGEL set to play a big role in India’s carbon neutrality target