Hyundai Developing $3,500 Minicar for India

Following the example of Tata Motors and the Renault-Nissan Alliance, Hyundai has revealed plans to develop a super low-priced mini car in India by 2011 or 2012. The announcement was made to Indian reporters by Hyundai India’s managing director, H.S. Lheem, on the sidelines of a traffic event on Friday. Lheem also noted that the small car would not be limited to India as there is high demand for