He said on an average, the automaker will incur an additional cost of Rs 15,000-20,000 for petrol cars and Rs 35,000-40,000 for diesel vehicles to upgrade to new emission norms.
The Korean auto major also expects that the second half of 2020 will be far better.
"In 2020, the auto sector is expected to remain flattish to low rate of growth of 2-3 per cent," Jain said.
Speaking on the sidelines of the inauguration of 7th dealership in city-- Gajraj Hyundai, Jain said Kolkata has a strong brand recall and commands about 19.4 per cent marketshare against 17.3 per cent country-wide for Hyundai.
Jain said to counter the degrowth, the company will bring in new launches and upgrades.
"We have introduced new Aura which has seen a lot of traction in demand. The new Creta will also be launched soon," Jain said without elaborating.
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