Hyundai is preparing to challenge Tata's Nano. UK media reports suggests that the company is mulling to launch ultra low cost car. It is learnt that Hyundai’s Indian engineers are working hard in close association with their Korean partners to produce another compact car.
Uk media reports also claims that this car will be released first in the European Union, and then in India. There are plans to bring out 800cc and 1000cc cars, but the company has not officially confirmed it so far. The company reported to claims that it has the required infrastructure and the facilities to manufacture a compact car in India. Earlier, there was frenzy around the world when the Tata Nano was expected to be launched in 2008. rumours were spread there that an ultra-cheap car could be produced well under $2500. Another announcement for another ultra cheap car came from Bajaj Renault Nissan, which is a competitor to the Tata Nano.
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