Hyundai joins Maruti in casting doubts over Rs 1-lakh car

Echoing scepticism of market leader Maruti over Ratan Tata’s ambitious Rs one-lakh car, Korean car maker Hyundai on Tuesday said it had doubts about the success of the project. “I want to wish the proposed players (who are making Rs one lakh car) the best of luck...(but) I have a lot of doubt,” Hyundai Motor India MD HS Lheem said. Lheem was responding to a query whether HMIL had any ambitions for such an ambitious venture. “We don’t have any plan to enter into the Rs one lakh car segment,” Lheem added.

Courtesy: EconomicTimes
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