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Hyundai Motors is planning to introduce its latest 800cc car in country in coming 3-4 years. Hyundai research teams in Chennai and Hyderabad shall together effort on the latest car concept that would compete with the Maruti’s 800cc in small car segment.

We are working on a 800cc car which will be similar to the Maruti 800. The car is under joint development in our Indian and Korean R&D facilities. The ultimate desire is to become India’s largest car maker.

- Mr. H S Lheem (MD & CEO Hyundai Motor India) said.

Presently, Maruti Suzuki leads small-car segment in Indian market with the Hyundai following at 2nd position. Hyundai Motors plans to increase its market shares and engage bigger market share in country. It has set aim of 22 % market share in 2008.

The small car market is going strong and will continue to do so. Our small car will be meant for both the domestic and the export market. However, we neither have the technology nor any plan to fight the Nano.

- Mr. Lheem added.

The company also plans to carry its latest edition i20 in India by the end of year. This latest model shall be introduced in the Paris Auto Show in October’08. Hyundai Motors now sells 20K i10 per month which confirms as a max selling model for industry. The company has by now sold 2 lakh units this year and exported over 1 lakh cars.