Hyundai plans to expand its presence in the compact SUV and MUV segments and introduce the Grand i10 in India, aiming to increase market share.

At present, the company holds a 17% market share, ET Auto.com reported.

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Bo Shin Seo, Hyundai Motor India’s managing director and chief executive, said: “India is one of the biggest potential markets for our parent, Hyundai Motor Company. India operations wants to hike its contribution beyond the current 14.5% to global sales, for which we are developing new cars catering to Asia’s second largest passenger vehicle market.”

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