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Another thumbs up for the Indian economy comes from the latest launch from Hyundai. The Korean giant, which was the 6th largest car maker in the world in 2006, launched a car for the world market for the first time from India.

Hyundai had sales of over $ 29 billion in 2006. The Hyundai Motor India Ltd recently introduced its new compact car, ‘i10’ priced between Rs 3.39 lakh and Rs 3.98 lakh. ( 1 lakh=100000).

“The i10 will be manufactured only in our Indian plant and exported to over 70 countries,” said Hyundai Motor Company President Jae Kook Choi in New Delhi.

“Hyundai Motor India is poised to play a very important role not only in India but also in HMC´s global plans with HMI becomes Hyundai´s global hub for small car manufacturing,” said Choi Jae-Kook. “We are very proud of the i10 as it brings the best of Hyundai´s design and technology and I am confident that it will be a very big success around the world,” he added