The competition prevailing in the market for small cars in India will further intensify with the introduction ofHyundai Motor India (HMI)’s new car in this segment. They are planning to introduce a small car and thereby make a big threat to Maruti Atlo. Presently Maruti is ruling this segment.
HMI is India’s second largest car maker and they are the brand owners for the famous cars, Hyundai Santro and Hyundai i10. With an objective to give a tough competition to Maruti Alto in small car category, the company is making a small car. The development process is going on at the Research and Development centre in Korea. The company is hopeful for the development this new car as per their objectives.
Hyundai Motor India not yet set a time for the launch of this new small car. But it will be competing with Maruti Alto, the largest selling cars in India. More than 20,000 units of Maruti Alto are selling each month in India. Hyundai Motor India is also planning to introduce its premium SUV (Sports Utility Vehicle) Santa Fe in India by next month.
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