Rumour? Hyundai Motor to launch Santa Fe at Rs 8.5 lakh!?

[SumitB]

Aaj Tak had reported yesterday that the Santa Fe will be launched in competition to Safari and Scorpio and will be priced around 8-9 lakhs. I think the program was Chakke Pe Chakka

[rangaraj]

This news item mentions that they will announce it in April. Strange timing though for those looking at depreciation..

http://www.ndtvprofit.com/homepage/s...010:30:55%20AM

[sajivr]

But the price quoted is 2.2 million (which is 22 L). which is too much for a Hyundai. Dont from where Aajtak got 8L.

Originally Posted by rangaraj

This news item mentions that they will announce it in April. Strange timing though for those looking at depreciation..

http://www.ndtvprofit.com/homepage/s...010:30:55%20AM

[Elito11]

Whoaaaaaaaa!

Hasn't this 'speculative' thread stretched too far!

Mods??

Elito

[raul]

Santa FE is more expensive or similarly priced to RAV4, CRV and Vitara in most markets. It also appears to be good SUV going by the the good press it gets and forum opinion.

Its highly unlikely they will price it at 8 or 8.5. That will be lower than its US/UK price and as we all know that doesn't happen in India. On the contrary we pay on average twice the US price. Go figure.

[rangaraj]

The world’s cheapest car from the Tata stable might have stolen the show at the 9th Auto Expo in New Delhi, but Sports utility vehicles continue to catch the fancy of consumers and are seemingly the flavour of the season. No wonder, car makers are moving in top-gear to meet the rising demand of SUVs in the country. After all, SUVs return high profits, especially those sold in India as completely built units (CBUs).

“Profit margins on SUVs that are completely imported are huge, anything in a range of 7-10%, compared with a minuscule 2-3% margin on passenger cars. Hence, manufacturers actually depend on these SUVs to garner a substantial part of their overall profits,” says an auto analyst, adding that higher the price of the vehicle, greater is the profit margin.

The Indian automobile market has evolved over the last few years in terms of SUVs. Starting with Tata Motors, M&M and Maruti, the segment now has over 10 players and around 15 models.

Recently, General Motors India came up with the Chevrolet Captive, Mitsubishi Motors unveiled the Outlander and Hyundai Motor India Ltd showcased the Santa Fe. Besides, Volkswagen is planning to come up with the Tiguan. All these cars are to be sold in India as CBUs.

According to automobile industry estimates, about 7,420 premium SUVs were sold in the country in 2007 and the number is expected to touch 10,000 in 2008 and around 25,000 by 2010, a 3-fold growth over the next five years.

However, the largest-selling SUVs are undoubtedly the entry-level utility vehicles like the Mahindra Bolero and Tata Motors’s Sumo, which are mostly used in semi-urban and rural areas. This is in addition to the high-end models like the Ford Endeavour, Maruti’s Grand Vitara, the Mitsubishi Pajero and Montero, the Honda CR-V and the Toyota Innova that have lately emerged as fast-growing segment owing to the multiple uses these vehicles can be put to.

“For people in semi-urban or rural areas, it’s the utility of the vehicles that drives sales. The vehicles are used for transportation of both passengers and goods in rural areas. However, in urban areas, it is the macho image that the vehicle lends, which is creating a huge demand among car enthusiasts,” says Dilip Chneoy, director-general, Society of Indian Automobile Manufacturers (SIAM).

No wonder, Mahindra is constantly upgrading its largest-selling Scorpio and the Bolero
Nobody sideswipes an SUV

[tadukuttan]

Petes/PSI Figures for Santa Fe

Standard : 154 HP 113 kW 343 Nm
PSI : 174 HP 128 kW 403 Nm

Looks really nice, hope they don't over price it silly. And I was not sure which engine option to pick, the other manual option available ended up at 170HP, not too much of a difference anyway.

[tsk1979]

If Santa Fe is made in India, for export, the price will be around 60% that of CRV because the honda is an import.
Tuscon is around 16L because its an import
There is no sense in a 22L suv from Hyundai, it will go the Terracan way

[suman]

Originally Posted by SumitB

Aaj Tak had reported yesterday that the Santa Fe will be launched in competition to Safari and Scorpio and will be priced around 8-9 lakhs. I think the program was Chakke Pe Chakka

There will be one well-maintained 3L Dicor VX 4x4 up for sale on the forum if that happens

[shuvd]

Guys, any updates on the Santa Fe scene? Been seeing a few here. Called up Hyundai dealers, they have no answers.

@ Tadukuttan - Petrifying a car that hasn't been launched yet? I thought that was BUSA's department. No offense please.

[tadukuttan]

Originally Posted by shuvd

@ Tadukuttan - Petrifying a car that hasn't been launched yet? I thought that was BUSA's department. No offense please.

Part of planning the next car involves looking up which one has the PSI boxes available. This one seems to have it ready, since the car has been available in Europe for some time. But alas, I think this is going to be priced crazily.

And the captiva does not have a box available, troubling times you see.

[shuvd]

@ Tadukuttan - Very true! Am still waiting to Petrify my Magnum!

[CrAzY dRiVeR]

Originally Posted by tadukuttan

And the captiva does not have a box available, troubling times you see.

Originally Posted by shuvd

@ Tadukuttan - Petrifying a car that hasn't been launched yet? I thought that was BUSA's department. No offense please.

BUSA has calculated the figures for Captiva already, and has also mentioned that it might be faster than a Pete'd Swift.

http://www.team-bhp.com/forum/test-d...tml#post672033 (Scoop: Chevy Captiva Test drive!!!)