Hyundai Entry Will Step Up International LCV Competition

Reports that South Korean Hyundai Motor will enter India's light commercial vehicle (LCV) market, although unconfirmed, still reflect a growing trend of global carmakers moving into what is a high-growth segment. While BMI forecasts growth of 10.75% for the whole commercial vehicle market in India in the current financial year ending March 2011, LCVs look likely to outperform the wider segment, with sales up 29.7% for the eight months to August on a calendar year

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