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Old 8th January 2007, 15:35   #1
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Default Verna Price Hike

]Is this a good move for the Flop car of the Year.[/SIZE][/FONT]

[New Delhi: Carmaker Hyundai Motor India Limited (HMIL) said it has increased the prices of its newly launched sedan, Verna by up to Rs 10,000.

The price increase will be effective from today and include both its diesel and petrol models, the company said in a statement.

The price increase varies from Rs 3,500 for the base petrol model to Rs 10,000 for the top-end diesel variant, it added.

Post price hike, the base model petrol variant would cost about Rs 6.25 lakh, the mid-range Rs 6.43 lakh and top-end variant Rs 7.01 lakh.
The diesel CRDi variant would now be coming at a price tag of Rs 7.45 lakh. had launched the model in September last year with an introductory price ranging between Rs 6.21 lakh and Rs 7.35 lakh across all variants.Source : sify.com (1/8/2007)
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Old 8th January 2007, 15:53   #2
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My friend canceled booking for Verna since,
  • They hiked the prices by 10,000.
  • They failed to deliver the vehicle on time and he was put on waitlist for more than 3 weeks.
  • For optional ABS and a specific color (don't remember which), they said it takes more than a month to get ordered.
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Old 8th January 2007, 15:58   #3
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Originally Posted by kdeepakk View Post
]Is this a good move for the Flop car of the Year.[/SIZE][/FONT]

)[/i]
I thought verna is selling well...
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Old 8th January 2007, 16:10   #4
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There was so much hype for Verna before its release but I hardly find any Verna's in my region. It has'nt clicked.
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Old 8th January 2007, 17:32   #5
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Originally Posted by navdeep View Post
There was so much hype for Verna before its release but I hardly find any Verna's in my region. It has'nt clicked.
I agree with Navdeep i hardly see Verna's in CHD. Maybe 4 - 5 that too repeated ones daily.. Where as I see 1 new estilo every 3rd day..
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Old 8th January 2007, 23:33   #6
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Verna hasnt matched company expectations...

Hyundai is under pressure... if santro sales decrease due to any reason, they are in real toruble... No other car is selling welll...

Getz failed to click
Accent now only on order
Verna trying to find numbers
Elantra bombed
Sonata embera... (well... Was it launched??? i havent seen any)
Tucson... seen one...
Terracan... (that too seen one... Nothing to buy for at that price)
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Old 8th January 2007, 23:41   #7
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I dont think verna flopped, or rather we are too early to make such a statement. I remember, when fiesta was launched..I could hardly see any of them around..but after some time they started pouring in.
I see quite a lot of verna's on the road off late.
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Old 8th January 2007, 23:57   #8
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Quote:
Originally Posted by CrAzY dRiVeR View Post
Verna hasnt matched company expectations...

Hyundai is under pressure... if santro sales decrease due to any reason, they are in real toruble... No other car is selling welll...

Getz failed to click
Accent now only on order
Verna trying to find numbers
Elantra bombed
Sonata embera... (well... Was it launched??? i havent seen any)
Tucson... seen one...
Terracan... (that too seen one... Nothing to buy for at that price)
Well, I for one can see a large number of Vernas around in Delhi. They are selling very well here and there is a waiting for them. Hyundai cars always start selling a while after the launch as they sell less on hype and more from word of mouth.
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Old 9th January 2007, 00:03   #9
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Quote:
Originally Posted by RX135 View Post
My friend canceled booking for Verna since,
  • They hiked the prices by 10,000.
  • They failed to deliver the vehicle on time and he was put on waitlist for more than 3 weeks.
If a car is a flop, would they:

1. Hike the price

and

2. Put prospective customers on a waiting list?

Or are they stuck for engines just like the Accent CRDi after it was launched?
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Old 9th January 2007, 00:16   #10
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Originally Posted by Steeroid View Post
[/list]Or are they stuck for engines just like the Accent CRDi after it was launched?
Is this engine not their own? As against the CRDi which was designed and manufactured by AVL or DC (I forget) and was in short supply from source?
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Old 9th January 2007, 00:17   #11
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Ok...

But... Still... the sales havent been to company expectations...

And they were desperatley depending on that deisel engine (i feel way better than fiesta) to bring in the numbers...
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Old 9th January 2007, 00:22   #12
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Quote:
Originally Posted by gunbir View Post
Is this engine not their own? As against the CRDi which was designed and manufactured by AVL or DC (I forget) and was in short supply from source?
The earlier engine was from Detroit Diesel.

Their 2nd gen CRDi engines come from Namyang in Korea.
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Old 9th January 2007, 00:40   #13
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Quote:
Originally Posted by CrAzY dRiVeR View Post
Ok... But... Still... the sales havent been to company expectations...
Crazy, can you please give me some insight on what these "company expectations" are? You seem to have insight into this.

Quote:
Originally Posted by Steeroid View Post
The earlier engine was from Detroit Diesel. Their 2nd gen CRDi engines come from Namyang in Korea.
Thanks Steer.
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Old 9th January 2007, 01:28   #14
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On Dec 29th I went to take delivery of Verna and same day there were 12 others too waiting for their cars to be delivered. I am talking about a small town Karnal. And to my surprise 10 out of 12 ppl were from a yet another smaller town named Sonepat. Sonepat is 40 Kms from Delhi and 90 Kms from Karnal. So I asked them why they came a long way to buy. All of them said Verna was sold out in Delhi!!!
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Old 9th January 2007, 01:35   #15
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.....And btw..dont call it a price hike...its just that the introductory “low price” was revised. The dealer told me that company had a price projection of 7.55 but due to dealers resistance at that price Hyundai came up with a price of 7.35 and dealers were given a margin of 14k per car. Now the margin is around 20k after price revision
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