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Hyundai Motor expects market to revive in second half of 2020

Updated : December 21, 2019 03:50:09 IST

South Korean auto major, Hyundai Motor on Saturday said it expects the market to revive in the second half of 2020.

In an interview to CNBC-TV18's Jude Sannith, Tarun Garg, director of sales and marketing, said, "2019 has been a challenging year. The satisfying point as far as Hyundai is concerned is that the company has been able to increase our market share by one percent even in this challenging year. The next 3-4 months, of course, the transition from BS-IV to BS-VI is going to happen and everybody is really looking to strategies and make sure that this transition is smooth."

"BS-VI will come into play from April 2020, so the overall price of the auto industry will go up. So, customers will take some time to maybe get used to it. So, we feel that probably H2 of the next calendar we should start seeing positive offshoots," Garg said.
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