Hyundai puts plans to launch MPV on hold

South Korean automaker Hyundai has put plans to launch a Multi Purpose Vehicle (MPV) in the Indian market on the backburner. The MPV, code-named 'IP', was supposed to be launched during the festive season in 2017.

The people-carrier, when launched, would have competed against the Maruti Suzuki Ertiga, Honda Mobilio and Renault Lodgy.

Hyundai has been compelled to rethink its debut in the MPV segment as customers increasingly opt for stylish and sporty compact SUVs, which straddle in the same price bracket and offer similar seating...

Updated Date: May 10, 2016 13:03 PM