Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

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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