Hyundai plans budget Verna model for Russia
Hyundai plans to introduce a brand-new entry-level sedan in Russia and emerging markets.
Hyundai will introduce a budget entry-level sedan in Russia, which will be based on the upcoming Verna compact sedan (next-gen Hyundai Accent in the USA). The all-new budget model will receive a slight styling makeover for the Russian market and therefore will differ from the model sold in China and South Korea. It will also feature a specially tuned suspension set-up adapted to Russian road conditions.
The forth-coming Verna-based Hyundai car will be built at Hyundai’s St. Petersburg manufacturing plant, which will commence serial mass production at the beginning of 2011. Hyundai hopes it can reach 100.000 units-per-year production already by the end of 2011.
The new entry-level Hyundai contender is rumored to carry a $10.000 price tag, which means it will be more affordable than its main rivals. Those include sub-compact cars such as new VW Polo sedan, popular Ford Fiesta hatchback and Chevrolet Aveo, which has been one of the top-selling cars in the market this year.
Under the hood, Hyundai’s new budget model is rumored to feature one of the four-cylinder engines that are currently available in the Hyundai i20. It will either be powered by a 109-horsepower 1.4L engine or a 122-horsepower 1.6L engine. No diesel engines will be available.


