Hyundai working on cheaper than Santro model for India

Tata Nano might not have launched but it is already showing its affect on the rival automobile manufacturers in India.

Hyundai is one company which is taking the challenge seriously. The company now plans to launch a new model in the market which would be priced cheaper then their current cheapest model Santro.

This new car would take at least three years to appear in the market. It would be designed for the developing markets and is unlikely to be sold in their home market of South Korea.

Hyundai has also started operating their second manufacturing plant in India making it their second largest production facility in the world.

Hyundai’s Tata Nano challenger might arrive by 2011

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.