Hyundai small car for China too, after India

Hyundai motor’s plans for the small car don’t end with India. The industry buzz is that the Korean auto giant Hyundai is mulling over the launch of a small car in China along with India by 2011. China and India, two largest emerging markets, have over one third of the world’s population, which represents huge potentials for global automakers.

Though the company hs reiterated that it doesn’t intend to have immediate plans to fight with the Tata Nano, it clarified that a new small car has been lined up keeping in mind consumers’ demands in India as well as China. Tata Motors had launched world’s cheapest car ‘Nano,’ priced at $2,500. This apart, Bajaj Auto also joined hands with Renault-Nissan to launch a small car in India by 2011 that would be priced at the same level of Nano. As if that’s not enough, Chinese carmaker Chery’s QQ hatchback model will also debut priced at $4,800, making it the second-cheapest car in the world, after the Nano.

The Hyundai small car which would be priced at $3,500. The car which is currently being designed in Korea will be the company’s new small car to be made in India, both for the local market and for export.

Apart from the small car, the Korean car giant is also planning to introduce a $5,000-less economy sedan into China by 2010. Reports added that Beijing Hyundai, Hyundai’s joint venture with Beijing Auto, does not plan to bring the smaller hatchback Santro. It remains to be seen whether Hyundai will produce its $3,500 small car in China as well by 2011.