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July 21, 2015

INDIA: Hyundai eyes new models for market share hike

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.

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.

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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