Hyundai Motor to double India output

Hyundai aims to more than double annual output in India to 600,000 units by 2007.

Hyundai Motor Co, South Korea's biggest auto maker, said on Thursday it aims to more than double annual output in India to 600,000 units by 2007, upon completion of a second factory.

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The expansion plan was intended to raise its market share in the emerging market to more than 20 per cent, led by sales of small-sized cars, the company said in a statement.

In 2005, Hyundai had an 18 per cent market share in India, a company spokesman said by telephone.