Hyundai has confirmed it will build an ultra-low-cost car which will cost around £1,800 and will released in 2012.
The Korean carmaker had expressed its interest in building a budget car three months ago. However, it had no definite plans. This time, the Hyundai Motor India Managing Director and CEO H S Lheem has given more details about it. First, Hyundai has confirmed that the car will be more expensive than the Tata Nano, At £1,800 it will be £550 more than the Indian car. Secondly, Lheem also said that the car will not compete with the Nano like Renault-Nissan plans to do.
Other information remain scarce as the car is in the early stage of development.
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