Hyundai to enter commercial vehicles segment

Written by:
Subscribe to Oneindia News

New Delhi, Jan 10 (UNI) Hyundai Motor today said it will foray into the commercial vehicles segment in the country within a year and is in talks with local firms for a possible joint venture.

We have shortlisted two firms. We will announce it shortly, the company said at the Auto Expo here.

Hyundai is also in discussion with bus body-building companies to launch buses first.

The company is looking at launching mid-size buses with 25-seater capacity.

Ashok Leyland had yesterday launched its iBus at the Expo and is eyeing the Delhi Transport Corporation tender for low-floor buses in the capital.

The sales of buses in the country have risen by a fifth on average over the last three years. Both Volvo and Daimler have tied up with local firms for joint ventures for bus body building.


Please Wait while comments are loading...