Hyundai Domestic Market

If successful, this IPO will mark Hyundai Motor Co.'s first listing outside of South Korea

The compact SUV comes with various exterior and interior changes to give it a sporty styling, inspired by motorsport.

Hyundai Tucson SUV will be seen with fresh exterior styling, a revamped cabin, and new features

Korean car maker Hyundai, which has lost its position as the country's largest car exporter to Ford, will re-work its growth strategy to continuously expand volumes in domestic market. Unlike most other car makers, who are sitting on a surplus capacity, the second biggest car maker, is facing a capacity constraint. It is yet to take a call on setting up a new manufacturing facility in India."We are conscious of the growth of Indian market. We will continue to rework our production plans with a high focus on the domestic market. We will tweak the domestic and export strategy so that we do not lose volume or market share in India," said Rakesh Srivastava, director (sales & marketing) at Hyundai Motor India. The company, which has a 17 per cent share in domestic passenger vehicle market, is operating its plants at a 99 per cent capacity and has little headroom to expand production. It will therefore have to sacrifice export growth in favour of domestic market. "I will react as the ...