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November launch for Genesis in Singapore

Leow Ju Len
09/06/2016

luc donckerwolke genesis g80 manfred fitzgerald

The G80 will be unveiled here as the new Korean brand’s lone model for starters

SINGAPORE — Hyundai has big plans for its new luxury brand, and they include Singapore. Genesis will be launched here in November, when its latest model the G80 will be introduced.

Hyundai importer Komoco Motors will be handling the franchise, although CarBuyer understands that the new brand will not have its own showroom.

Genesis is the Hyundai Motor’s new upscale brand. The name was previously attached to a high-end Hyundai model, but is being spun off into a standalone marque.

It’s a move that mirrors Toyota’s launch of the Lexus brand in 1989. That was done to let the Japanese carmaker enter the luxury market, where profit margins are fatter. Similarly, Genesis is intended as a way for Hyundai Motor to charge premium prices for a premium car.

Currently, Genesis has two models, the G80 and the G90 (known as the EQ900 in Seoul), a larger car. Think of them as Korea’s answer to the BMW 5 Series and 7 Series, respectively.

READ MORE > What it’s like to drive “Korea’s Lexus”

The G90 is not available in right-hand drive, so the G80 will provide Singapore with its lone Genesis model for a start.

It was unveiled at last month’s Busan motor show, where the new division’s chief Manfred Fitzgerald pulled the covers off a G80 and G80 Sport, a racier version with its own grille and bumper, dark chrome and sportier alloy wheels.

genesis g80 sport singapore price

The G80 is actually a facelifted version of the Hyundai Genesis, which was launched in Singapore in October 2014. In morphing into a Genesis G80, it’s had its interior upgraded with posher materials. A new engine will also be available in the form of a 3.3-litre twin-turbo V6, tuned for 370 horsepower.

To woo customers, Genesis will focus on strong design, said Fitzgerald at the G80’s Busan launch. That strategy has prompted Hyundai to recruit top designers from Volkswagen Group to sculpt the new cars.

The division’s styling studio is headed by Luc Donckerwolke, the Belgian designer who was in charge of styling at Audi, Bentley and Lamborghini. Hyundai has also poached Lee Sangyup, a Korean national who designed the Bentley Bentayga, the luxury brand’s first Sports Utility Vehicle (SUV).

If that car sells strongly, it bodes well for Genesis. The brand will have two SUVs in its line up by 2020.

Other cars in the pipeline are a sporty coupe and a smaller four-door, the G70. Industry watchers expect the G70 to be based on Hyundai’s Azera (or Grandeur, as it’s called in Korea).

As for what the new cars will look like, a concept car shown at last year’s New York auto show provides a strong hint.

“The Genesis New York concept got a lot of attention, a lot of people like it,” says Yang Woong-chul, the head of Hyundai’s research and development department. “We’re planning for six Genesis vehicles in the next few years. One of them could be pretty much close to that.”

The designs are already winning praise. “What Luc and his team are doing is amazing,” a Mercedes-Benz designer told CarBuyer. For his part, Donckerwolke seems to be relishing the task ahead. “At Genesis we don’t have the ballast of the past. We can create and look forward,” he says.

For all that, the brand faces an uphill battle in Singapore. German marques continue to have a stranglehold on the luxury segment here, and to catch them Genesis would have to first pass Japanese and British competitors.

Realistically, that would take years, perhaps even decades. When the G80 gets here it will only be the start of Hyundai Motor’s assault on the luxury market. The Genesis may be launched here in November, but it will be quite some time before it will have arrived.

Five challenges for Genesis in Singapore
Launching a new brand is always challenging, but a Korean luxury nameplate is bound to be a hard-sell in Singapore. Here are five obstacles that Genesis will have to face in our market.

What’s in a name? Everything
Using a new nameplate for Hyundai’s luxury cars is a good move, but a properly fresh one would have worked better — there was a Hyundai Genesis, and people aware of that car will forever think of it when the G80 is here. At best they’ll call it the “Hyundai Genesis G80”. When Toyota launched Lexus, it created the name from scratch and first used it on two cars, the Lexus LS 400 and ES 250. There was no “Toyota Lexus” model. In spite of that, it’s not uncommon to hear “Toyota Lexus” in Singapore, even today.

What price luxury?
The Hyundai Genesis was launched here at $229,999 with COE. At that price the Genesis undercut the Mercedes E-Class and offered buyers a larger body and bigger, more powerful engine. It still failed to sell well. At that sort of money, buyers want prestige more than they want tangible features. 

Some industry watchers feel that the $180,000 (with COE) territory is where buyers are more willing to give something a try. When the Jaguar XE dropped to that sort of pricing, for example, sales began to take off.

We want small engines
A 3.3-litre twin-turbo V6 is something that might excite enthusiasts, but most customers in Singapore prefer small engines. It’s the BMW 520i, not the 535i, that provides meaningful sales numbers for BMW here. A G80 with a 2.0-litre turbo would have a much better chance in the market.

We also want small cars
Genesis does need a big, flashy model to cast a halo over its product range, but eventually it will take smaller cars to deliver big sales volumes. The Mercedes A-Class, B-Class and CLA-Class models have been huge sales drivers for the brand, keeping it on top of the luxury game. Likewise, BMW’s 1 Series and 2 Series models have helped revive its sales. But as wildcard offerings, Genesis’ SUVs might do well. They are more likely to attract people willing to try something different.

Perception is everything
The hard truth: Singaporeans still consider Korean cars inferior to Japanese ones. (If it’s any consolation, Singaporeans also still consider Japanese cars inferior to German ones.) The great strides in quality and technology that Hyundai and Kia have made have yet to be imprinted on local buyers’ minds.

Price-conscious shoppers in the mass-market continue to seek safety in proven Japanese brands, while image-conscious luxury buyers rely on German brands to deliver prestige.

It’s not rival manufacturers that will be Genesis’ worst enemy in Singapore, but the Singapore mindset.


READ MORE
Driving the Genesis G90 — Is it an S-Class beater?

genesis g90 singapore review

Check out how big the long-wheelbase Genesis EQ900L is inside:

 

 

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G80 g90 genesis GS gs 200t

About the Author

Leow Ju Len

CarBuyer Singapore's original originator, Ju-Len in person is exactly how he is on the written word and behind the wheel. Meaning that he darts all over the place and just when you thought he's lost the plot, you realise that it's just you not keeping up with his incredible rate of speed and thought.

One thought on “November launch for Genesis in Singapore”

  1. ben lim says:

    is the GV 60 Genesis coming to Singapore? I’m interested. pls let me know when is available.
    many thanks
    Ben lim

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