Hyundai India, the largest car exporter and the second largest car manufacturer in India is targeting the top position in the Indian car market by replacing Maruti Suzuki as the largest automaker in India. The Korean carmaker is planning to launch new car models in the market in order to achieve the target by the year 2020.
The automaker is planning to launch three compact car models in the Indian auto market by the end of 2014, namely the Grand i10 with a 1.1 liter diesel engine, the next generation i20 hatchback and the Eon 1 liter.
Currently, Maruti Suzuki is leading the sales in the Indian auto market with a share of 48 percent while Hyundai India stands at 22 percent. The first quarter April – June 2013 in the current fiscal 2013-14 has witnessed Hyundai India’s market share to grow to 25 percent. With the plans for the new car launches, the carmaker expects to further increase its sales and expand its market share.