[Hyundai Motor Conference Call] "Expanding Creta Supply in India This H2... Launch of New i20"
[Asia Economy Reporter Kim Ji-hee] Hyundai Motor Company stated in its 2020 Q2 earnings conference call on the 23rd that "Unlike advanced countries, emerging markets are showing a slow recovery as the spread of the novel coronavirus disease (COVID-19) continued in the second quarter." Regarding the Indian market, they said, "In the second half, we will flexibly respond to market demand by expanding the supply of high-profitability models Creta and Venue, as well as launching the i20, and actively utilize the digital platform 'Click to Buy.'"
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Regarding the Asia-Middle East market, they said, "With demand decline continuing due to economic recession and government austerity policies scheduled, demand is expected to continue declining in the second half." They added, "We will defend sales through the launch of high value-added new models centered on Grandeur, Santa Fe, and Genesis, and continue efforts to improve the sales mix."
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