Hyundai will pass the BS-VI upgrade cost to consumers in phases

KOLKATA: As the automotive sector moves in the slow lane, Hyundai Motor India Ltd On Tuesday, he said he does not plan to pass on customers the total incremental cost incurred in the change to the Bharat Stage VI emission standard, but will do so in phases.

The BS-VI emissions standard would take effect from April 1 across the country and new cars cannot be sold unless they meet the new standard.

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As of now, we will not pass the total cost incurred to upgrade to BS-VI immediately to consumers. It will be gradual. Hyundai India national sales manager Vikash Jain He told PTI when asked if the company will pass the cost or absorb it, given the market condition.

He said that, on average, the automaker will incur an additional cost of Rs 15,000-20,000 for gasoline cars and Rs 35,000-40,000 for diesel vehicles to upgrade to new emission standards.

The Korean automaker also expects the second half of 2020 to be much better.

In 2020, the automotive sector is expected to remain flat at a low growth rate of 2-3 percent, Jain said.

Speaking on the sidelines of the opening of the seventh dealership in the city, Gajraj Hyundai, Jain said Kolkata has a strong withdrawal from the brand and has about 19.4 percent market share against 17.3 percent nationwide for Hyundai.

Jain said that to counter the decline, the company will bring new releases and updates.

We have introduced the new Aura that has seen a lot of traction in demand. The new Crete will also be launched soon, Jain said without giving further details.