Hyundai also lined up for new small car

The rate race is started already in India to join the bandwagon of launching small cars in India. The new name in the crowd is Hyundai Motors India (HMIL). The new small car from Hyundai will be smaller than Hyundai Santro. HMIL's newly appointed CEO and MD HW Park informed that the India bound small car is in development process in Korea at the investment of Rs 800 crore. However, he did not disclose about the commercial launch or price of the car. Mr Park said that the company wants to grow domestic sales to export ratio from 50:50 to 60:40 by the next year. He added that Hyundai will continue exporting small cars from India to overseas market.

Published On Nov 18, 2009 10:42 IST

Published OnNov 18, 2009 10:42 IST

Last Updated OnNov 18, 2009 10:42 IST

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The rate race is started already in India to join the bandwagon of launching small cars in India. The new name in the crowd is Hyundai Motors India (HMIL). The new small car from Hyundai will be smaller than Hyundai Santro. HMIL's newly appointed CEO and MD HW Park informed that the India bound small car is in development process in Korea at the investment of Rs 800 crore. However, he did not disclose about the commercial launch or price of the car. Mr Park said that the company wants to grow domestic sales to export ratio from 50:50 to 60:40 by the next year. He added that Hyundai will continue exporting small cars from India to overseas market. In view of several small car launch announcement from different car makers, Hyundai might carry forward its current 21 per cent market share when competition comes. At present, Nissan, Honda, General Motors are among the few auto makers who tend to foray in compact car market in India in next three years. Meanwhile Volkswagen is going to launch its Volkswagen Polo and Volkswagen Beetle in Indian market very soon.

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Ritesh

<p>Having worked as an Auto Journalist for the past 5 years, Ritesh is keenly passionate about digging more on automobiles and things related. His journey as a journalist so far consists of different profiles that helped him groom on various platforms within the automobiles industry. He kept rolling on technical experience during his career as a Road Test Editor, which finally took him to a level where he turned to be an Editor-in-Chief of CarDekho.com, India's no. #1 automotive giant. </p> <p>Another side of his creative life is easily visible the photography that he carries out in order to serve the CarDekho news readers with the latest and natural pictures of newly launched cars. Additionally, he is the one who foresees all auto news articles that are to be published making it sure that CarDekho readers get the latest and the best automotive news first. "Life is a highway, keep driving", Says Ritesh.</p>Read more

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