Korean motor-car manufacturer Hyundai plans to let out by 2011 on the market of the competitor Indian Tata Nano which will cost nearby $3 500. However Hyundai has declared, that meanwhile it is not measured “to compete” with expected Tata Nano to which as speak, it is fated to change considerably a situation in the Indian market.
Director of Indian Their branch Hyundai Kheing Su (Heung Soo Iheem) has declared: “At present we do not plan to compete with Nano. However, we closely watch a situation in the Indian market and we consider heightened interest of the public to low budgetary cars “. According to the information of edition TopSpeed the new model already is in development in one of the research centers in South Korea, and it is expected, that it will appear on sale not only in India. In the meantime, the competition in a segment of economic midget cars still more becomes tougher, as Indian company Bajaj has concluded the contract with French motor-car manufacturer Renault on development and manufacture of compact and not expensive model by the end of 2011. Thus, only time will show, who exactly will win the class.