F.N) and Hyundai Motor Co (005380.KS) will showcase compact sedans at India\’s largest auto show this week, targeting what they think could be the next hot market in a country long dominated by ultra-cheap hatchbacks.
Global carmakers are still banking on emerging economies including India, the world\’s sixth biggest auto market by volume, to drive long-term growth despite a recent slowing in demand. Industry-wide sales in India are headed for a second straight annual decline in the fiscal year that ends in March.
Hyundai, the biggest foreign carmaker in India, will next month roll out its Xcent compact sedan, which is under four meters and thus taxed less heavily than longer cars in India, executives said at the car\’s global unveiling on Tuesday.
The car will be on display at this week\’s auto show in the outskirts of New Delhi, which opens to the public on Friday.
via Global carmakers see small sedans as next hot market in India | Reuters.
CHINDIA ALERT: You'll be living in their world, very soon 