Hyundai i10 launched in India by Hyundai

Hyundai Motor India Ltd has launched the company’s new compact car ‘i10’ in the Capital on Wednesday. Hyundai Motor Company is not only looking to leverage India’s manufacturing capabilities to expand its presence in the global market and consolidate its presence in the premium compact car segment in the domestic market, but also enhance its research and development carried out from India.

The company that has currently about 18 per cent of the domestic market share has set a modest target of 20 per cent by next year. HMIL is also setting up an engine and transmission facility at the same location where its second plant would be operational.