Hyundai to exit its COCO showroom in Delhi

Thanks to BHPian mints21 for sharing this information with other enthusiasts.

Hyundai has decided to exit its Company Owned and Company Operated (COCO) showroom popularly known as Hyundai Motor Plaza (HMP) at Mathura Road, New Delhi with effect from 19th June 2015. HMP was one place where one could see all Hyundai offerings under one roof.

The company has already shut its body repair shop and has stopped taking the bookings of new cars as well. The company has also stopped taking cars for service at their service outlet, which was running in the same premises behind the showroom. The staff that was on Hyundai's payroll has been transferred to various locations while the contractual staff is being offered a Golden Handshake.

According to sources, HMP was finding it difficult to sell cars as it was not allowed to offer discounts. Other dealers were offering discounts, which drew customers to their showrooms.
Hyundai has decided to appoint a new dealer who would run the showroom after renovations. It is rumoured that Mr. Bhatia who currently owns Delight Honda (authorised dealer for Honda Cars) and has a showroom just next to the Hyundai showroom has signed an agreement to run and operate the new dealership. It is rumoured that the name of the new dealership would remain HMP.

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