Korean car manufacturer Hyundai has been in the news a lot recently owing to the huge success of its small car model ‘i10’.
Hyundai Motor India Limited (HMIL) has been around in the Indian car market for nearly a decade. During this term, the company has made a remarkable place in the market and has been growing rapidly. It is now aiming to become one of the largest car manufacturers in India.
HMIL said in a statement, “we hope to become the no 1 car major”. The company’s current market share in the domestic car market stands at 22% and it hopes to raise that bar in due time.
The car manufacturer is trying to beat the current leader Maruti Suzuki which currently tops the list with a 40% of market share. To aid its cause, Hyundai has planned the launch of two new models - i20 and i30 in the coming months.