Hyundai Motor and affiliate Kia Motors have set their combined 2010 sales target at 5.39m vehicles, up 16 percent from estimated sales this year, Maeil Business Newspaper reported.

The global sales target was revised up recently following signs of strength in China and India, the newspaper reported in its early Friday edition, citing an unnamed company source, according to Reuters.

A Hyundai Motor spokesman told the news agency no decision has been made on the sales target for the company or Kia.