Hyundai Motor India, country's second largest car manufacturer has launched its luxury SUV Santa Fe, priced between Rs 20.95 lakh- Rs 22.95 lakh.
The company aims at selling 600 to 800 units a year.
"Bookings will start from October 18", Director, Marketing and sales Arvind Saxena said after the launch of the internationally acclaimed SUV here last evening.
He said the company aims to sell 100 to 150 units in 2010. "In India Santa Fe will be imported as completely built units (CBU) from South Korea", Saxena said. He said Hyundai had no plans to manufacture the car in India in the near future.
The SUV will be available with 2.2 L engine and six speed manual transmission, with an option of 2-wheel and 4-wheel drive. As per the company, this diesel vehicle has mileage of 14.66 km per litre.
Speaking at the launch, MD and CEO, HMIL H W Park said, "Globally, Santa Fe has already sold over 20 lakh units since its launch in June 2000 and we are confident that in India, Santa Fe will give us a competitive edge in the SUV segment..."
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With the launch of the second generation Santa Fe, Hyundai aims to grab a bigger share of the highly competitive SUV segment in the country.
HMIL is a wholly owned subsidiary of Hyundai Motor Company, South Korea and is the largest passenger car exporter and second largest car manufacturer in India. With this launch, HMIL now has seven models in the country, including the popular i10.