Hyundai Motor’s most popular compact sedan, Elantra could have a revised version to be launched in 2015 after a small auto parts manufacturer disclosed it had won a contract to deliver steering wheels for that period.
Dayou Smart Aluminum, a South Korean company announced today in one of its filings that the auto parts manufacturer was elected to deliver steering wheels for the new Elantra for a period of no less than seven years, beginning with the second half of 2015.
“The supply of automobile parts usually coincides with the production timing of cars. Given Hyundai’s product cycle of five to six years, Hyundai is likely to launch the new Elantra in 2015,” said Suh Sung-moon, an analyst at Korea Investment & Securities.
Hyundai’s current generation of Elantra was introduced back in 2010, and is the company’s top-grossing car in the United States and Korea after the Sonata mid-sized sedan. Still, the company also said the delivery timing could be subject to change, because of possible changes to Hyundai Motor’s development plan.
Dayou is South Korea’s top steering wheel maker, counting Hyundai Motor, Kia Motors and General Motors’ South Korean division among its biggest customers, the company also said in the filing.