Hyundai to launch small car in India by 2011 -exec

Newswire

NEW DELHI, May 30 (Reuters) - South Korea's top automaker, Hyundai Motor Co , hopes to launch its small car in India by 2011 or 2012, the managing director of its India unit said on Friday. The company has said it is developing a car priced at around $3,500 to attract customers in China and India, where competition is set to hot up when Tata Motors starts selling its $2,500 Nano, possibly the world's cheapest, later this year. Motorcycle maker Bajaj Auto owns 50 percent in a venture with ...

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