Hyundai: Rs. 1 lakh car not practically possible

Indian automaker Tata Motors is scheduled to launch their much awaited Rs. 1 lakh car sometime next year.

They are likely to face few challengers as most rival companies have already denied any plans to counter this product.

Hyundai is one such company which has claimed that the car at this price point is not practically possible.

Hyundai Motor India managing (HMIL) director and CEO H S Lheem spoke about the Tata’s upcoming car: “Considering the safety issues and norms and input costs from our point, making a Rs 1 lakh car is impossible.”

He added: “We have the technology for small car…already there is an 800 cc engine in Korea. We can develop technology for a 650 cc engine.

Hyundai is currently scheduled to launch their Pa model in the market sometime next month.

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