Hyundai Slashes Prices of Nigeria-made Vehicles

Hyundai Motors Nigeria
  • Hyundai Slashes Prices of Nigeria-made Vehicles

Hyundai Motors Nigeria Limited says it has cut the prices of its locally made vehicles in the B-segment, in a move expected to increase the number of brand new small vehicles on the nation’s road.

A statement by the company’s spokesman, Mr. Santhosh Nair, said a starting price offer of N2,695,000 had been announced for Hyundai cars in that category as part of the 2017 Hyundai Grand Savings Bonanza.

The statement quoted the Head, Sales and Marketing of the company, Mr. Jatin Nadkarni, as saying this had been restricted to select models such as Hyundai i10, Grand Xcent and Accent.

He added that this could be extended to other models in the Hyundai line-up.

He said, “Stallion Hyundai Motors Nigeria is determined to cushion imminent scarcity of functional B segment cars and mitigate price increase of cars owing to last year’s prohibition of used vehicle import through the land borders. The offer also gives customers to buy the desired Hyundai models during this Easter festive season.”

Nadkarni said, “Buyers of these three homemade models are offered free registration and free service for six months or 10,000km, whichever is earlier.

“Even though the promo is a limited period offer and subject to availability, the incentives are in addition to Hyundai standard three-year or 100,000km warranty for i10 and Grand Xcent, and five-year or 100,000km warranty for Accent.”

According to the statement, Hyundai Grand Xcent, i10 and Accent cars are assembled in Nigeria at the Hyundai Motors plant in Lagos.

Giving a few features of some of the vehicles, it said the Grand Xcent had been powered by 1.25-litre engine mated to a five-speed manual and four-speed automatic transmission. It was said to be admirable for daily travels with an entirely new level of art with comfortable and spacious cabin.

“On the other hand, the Hyundai i10 is a city car with a five-door hatchback body style, powered by 1.0-litre engine and comes with front electric windows, ABS, air-conditioning and an RDS radio/CD player,” it added.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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