Hyundai is planning to take on Tata Motor’s recently unveiled $2,500 Nano minicar. According to Hyundai’s Advanced Technology Center head, Cho Won-suk, it only makes sense for Hyundai, who is the second largest auto maker in India, to offer a competitor to the Tata Nano.
Cho Won-suk says that the car will be on the market by 2011 and will be produced in India. He said that Hyundai is also planning to offer more fuel-efficient cars and SUVs by 2009. Fuel-cell and hybrids are planned for 2020.
Maruti Suzuki holds the number one spot as the largest auto maker in India, followed by Hyundai with Tata coming in at third.
Source: Motoring (via Automotive Blogs)
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