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Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

Hyundai to rival 'R17 000 car'

2008-01-30 11:03
Hyundai is planning to produce a low-cost mini car in India by 2011 to compete with locally produced vehicles such as Tata's new Nano, a company executive said on Wednesday.

The low-cost, fuel-efficient mini car models will be priced at about $3 700, Cho Won-suk, executive vice president of Hyundai's AdvancedTechnology Center, told Dow Jones Newswires at an industry event.

Mumbai-based Tata recently unveiled the Nano - billed as the world's cheapest car - and said it will go on sale for $2 500 by October.

Cho said no production of the mini-car is planned for South Korea.

Hyundai is the second-largest automaker in India, where small cars dominate the market. Maruti Suzuki Ltd., in which Japan's Suzuki owns a majority stake, is the market leader with about 50% share. Homegrown Tata is third-biggest.

Hyundai, together with its affiliate Kia, is the world's sixth-largest carmaker by sales.

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