Hyundai Motor Co is about to start production of new low-cost car in India, according to "Reuters". The machine cost approximately in 3500 dollars will be competing with supercheap Tata Nano, whose sales should begin later this year. The emergence of new models planned for the year 2011-2012. Representatives of the Indian branch of Hyundai said that they have no immediate plans to defeat the Nano. The company wants to create a car smaller than that produced now Hyundai Santro. The main buyers of the new model must be residents of India and China, with the prospect of other markets. Development of the car will be in factories Hyundai in Korea, as well as in the Indian cities of Hyderabad and Chennai. Hyundai is the second largest automaker in India after the group Maruti Suzuki India Ltd. In addition to selling vehicles in the domestic market, the Korean company exported from India, more than 100,000 vehicles in 2007. This year, Hyundai plans to increase exports by half.
