Hyundai Motor has recently stated that they were planning to develop a new low cost public car for the Indian market.
This could be their challenger for the recently showcased Tata Nano.
The latest reports in the market states that they might launch this vehicle in India by 2011. Tata Nano would be available in the market before the end of the current year.
A company representative said that this new car is likely to be priced at around USD 3,700. This would make it a lot more expensive than the Tata Nano which would sell for somewhat above USD 2500.
This new car from the company is unlikely to be sold in their home market of South Korea.
