Hyundai’s new Venue, which debuted on Thursday, has pre-orders for 15,000 units and a total order backlog of 135,000 units across all of its models due to the semiconductor supply crisis. The business promised to finish clearing up the backlog for the older models first. With a waiting time of up to 5 months depending on the version, the best-selling model Creta has the highest backlog in its lineup.
In New Delhi: Hyundai Motor India, a South Korean automaker, introduced the Venue with mid-lifecycle improvements. For the new model, the business has gotten roughly 15,000 pre-orders. For the former Venue, there has been a backlog of 25,000 units. An representative from Hyundai India stated that the backlog for the old model will be cleared first.
“Our top objective is to finish the old model’s backlog. Some of its clients have switched from buying the previous model to the new one “said he.
The automaker unveiled the updated Venue on Thursday for an initial price of INR 7.53 lakh that may go as high as INR 9.99 lakh (all prices, ex-showroom). The model has three powertrain choices: the Kappa 1.2 MPi Petrol, the Kappa 1.0 Turbo GDi Petrol, and the U2 1.5 CRDi Diesel. It also has over 40 design modifications compared to the previous Venue model, including 11 segment-first innovations.
The Venue is a sub-4 meter small SUV that was first introduced in the Indian market in May 2019 with a starting price of INR 6.50 lakh. It competes with models like the Maruti Suzuki Vitara Brezza, Tata Nexon, Mahindra XUV300, Kia Sonet, and Renault Kiger.
Despite the lack of semiconductors, according to Garg, consumer demand for passenger cars in India is still high.
Regarding competitor Tata Motors assuming the No. 2 spot in the sector twice in the space of six months, he stated, “Being a long-term player, we have no reason to think we won’t succeed. We shall succeed and exert all of our efforts to provide clients with offerings that are both abundant and sustainable. We have never thought that our efforts or identities are only valid for a month or two. We must consider a much more stable system.”
The new Hyundai Venue comes in seven different color schemes, one of which is dual-tone. The manufacturer said that it has improved the back seat’s design elements to provide more space for the thigh support, legroom, and knees. The model now includes over 60 bluelink-connected functions, a reclining function for the backrest of the rear seat, ambient nature sounds, 12 languages, an air purifier, and more.
Garg claims that the company’s decision to offer all three types of fuel has contributed to its long-term viability. Hyundai offers CNG and gasoline in the entry-level sector, as well as diesel and gasoline in SUVs. For electric vehicles, we currently have the Kona and will soon have the Ioniq 5.
The Hyundai official stated the following regarding the future new models that are anticipated to compete with the Creta of the company: “Customers always have more options thanks to competition. Hyundai Creta is a cult brand, and we still have a lot of faith in it.”
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You may reserve the tiny SUV right now for Rs 21,000
Prior of its June 16 launch, Hyundai has made important Venue facelift details public. The tiny SUV now has a fresh appearance, enhanced features, and cutting-edge connected car technology. For Rs 21,000, customers can reserve one now. It would take 12 to 16 weeks, or about 3 to 4 months, for them to receive their face-lifted Venue SUVs.
Even the pre-facelift subcompact SUV had a 1-3 month waiting period at the end of its existence. The continuous global shortage of semiconductors is a major cause of the delays, and it appears to have a greater impact on newer models than on vehicles that are currently in production.
The new Venue will have integrated taillamps at the back, a front grille with a Parametric design and chrome accents, new bumpers, and alloy wheels. The petrol and diesel engines from the pre-facelift model will still be used; details about them may be found in the stories linked below.
The pre-facelift Venue has hit three lakh sales since its 2019 launch, according to Hyundai. We hope the forthcoming model is as popular as its predecessor, and the changes to the facelifted Venue are sure to keep the excitement high. It will probably sell for more money than the latter, which started selling for Rs. 7.11 lakh (ex-showroom).
Waiting period for Hyundai Venue Facelift is three months: First, old model stock needs to be purged.
Hyundai, a South Korean automaker, has updated its Venue model for the Indian market. The Venue receives a substantial mid-life update that brings a ton of new features. Hyundai has already begun taking reservations for the space and has so far gotten roughly 15,000 for the new model.
Hyundai already had 25,000 units of the previous Venue on backorder. The business will finish the backlog before deploying the new model.
Due to the industry-wide shortage of semiconductors, Hyundai has a backlog of 135,000 units across its entire model lineup. We have informed the brand-new Venue buyers that the model has a three-month waiting period,” “Our top objective is to finish the old model’s backlog. Some of its clients have switched from buying the previous model to the new one.
The newly renovated Hyundai Venue has received 15,000 reservations so far, with a three-month wait.
Hyundai India, the third-largest automaker in the nation, just introduced the face-lifted version of the Venue in the Indian market, and the firm has received an absolutely wonderful response. At the introduction of the new Venue, Tarun Garg, Director of Sales & Marketing for Hyundai Motor India, reiterated this resounding response by saying that the vehicle has already had an astounding 15,000 reservations.
25,000 of the 1,35,000 pending orders for the company’s backlog of unfilled orders, according to Garg, are for the most recent version of the Venue. The persistent chip shortage, he continued, is the source of this tally, and as a result, the wait time for the new Venue will be at least three months. Garg continued by saying that these wait times could change based on the models that clients choose.
The starting price for Hyundai’s new Venue Facelift is Rs. 7.53 lakhs ex-showroom, and the top-spec model is priced at Rs. 12.72 lakhs ex-showroom. The required down payment is Rs. 21,000 for this vehicle. There are three different engine options for the new Hyundai VENUE. 1.2 liter MPi gasoline, 1.0 liter Turbo GDi gasoline, and 1.5 liter CRDi diesel engines are available. The Kappa 1.0 l Turbo GDi petrol engine is available with the new iMT and DCT, whereas the Kappa 1.2 l MPi petrol engine and U2 1.5 l CRDi diesel engine are only available with manual transmissions. Every pricing is for a short period of time and is based on the idea of “One India, One Price” (ex-showroom).
The new Venue now has a revised front and back bumper, among other improvements. A new parametric grille is available. Instead of halogen projectors, the headlamps now employ LED ones. The LED Daytime Running Lamps are identical to the earlier model. Hyundai did modify the housing for the turn signal, though. A new alloy wheel style is present on the sides. The back has undergone significant modification. There are brand-new split LED tail lamps with light bars connecting them.
Hyundai has also completely renovated the new Venue’s interior. A digital instrument cluster and two-tone upholstery will be available in the 2022 Venue. The infotainment system is brand-new and larger than before. Numerous communication options, including wireless Android Auto and Apple CarPlay, are available on the 8-inch infotainment screen. Additionally, Alexa and Google Home connection are provided. As a result, the Hyundai Venue can continue to communicate with smart home gadgets.
There is ambient lighting and ventilation in the front seats. Additionally, the brand-new Venue features a Bose audio system, which we’ve seen in cars like the Creta. The facelifted Venue now has a ton of features introduced by Hyundai. A four-way powered driver seat, wireless charging, automated climate control, sunroof, and BlueLink with more than 60 linked functions are all included in the whole list. The upgraded BlueLink system will support over-the-air software updates and be offered in 12 different languages.
After three years of sales in India, Hyundai’s sub-4-meter SUV has reached the landmark of 3 lakh sales.
Hyundai has unveiled the refreshed Venue and started taking reservations for Rs 21,000 both online and offline. The introduction of the SUV is scheduled for June 16. We now know that the company anticipates a possible wait period for the new Venue of 12 to 16 weeks (3–4 months).
The SUV was initially introduced to India in 2019, where consumers embraced it right away. Within 60 days of the SUV’s launch, Hyundai had 50,000 reservations. The pre-facelift model had a one- to three-month waiting time near the end of its lifecycle. Of fact, the main cause of the wait time was the global shortage of semiconductors.
The Venue has sold more over 3 lakh units in the three years it has been on the market, according to current information from Hyundai. The automaker is undoubtedly looking forward to using the similar strategy with the refreshed Venue.
Returning to the redesigned Venue, it will be available with the same gasoline and diesel engines as the model from before the makeover, with one significant exception. The 1-liter turbo-petrol variant will no longer be offered with a 6-speed manual transmission.
The pricing is anticipated to be more than the previous model’s, which sold for between Rs. 7.11 lakh and Rs. 11.84 lakhs closer to its demise (ex-showroom Delhi). It will be competing against the typical crop of sub-4-meter SUVs, such as the Mahindra XUV300, Tata Nexon, and Renault Kiger.
Takeaway
Tata Nexon: The Nexon has a 2 to 4 month waiting period on average, with Bangalore having the longest wait.
Maruti Brezza: Buyers of Maruti’s subcompact SUV would have to wait up to 4 months for the vehicle in most locations, but those in Hyderabad and Kolkata may anticipate receiving it in just one month.
Hyundai Venue: While the facelifted Venue has a wait period of up to 5 months in a few locations and an average of 4 months in the majority of others, it is in constant supply in Patna.
Renault Kiger: Kiger has a one-month waiting period in most places, but can be picked up and driven home in just one week in Patna and is always accessible in Kolkata.
Mahindra XUV300: With waiting times of up to 7 months in Chandigarh and Jaipur, the XUV300 has the longest waiting times in its segment. In the majority of other cities, purchasers can anticipate delivery in 4 months or less.
The longest wait period of 6 months is experienced by purchasers in Pune. Kia Sonet: Kia Sonet likewise has a high wait time, ranging approximately 4 months in most cities.
Toyota Urban Cruiser: The average wait time for an Urban Cruiser is three months, with Jaipur having the longest wait at five months.