The South Korean car manufacturer Hyundai is to invest Rs800 crore for its small car plant in India. The unit will start functioning within next two years and the car will be smaller than Santro. Hyundai is operating in India as the own subsidiary and the new small car will be targeted towards India only to be expanded globally, said the company’s CEO, Han-Woo Park.

Now the project is at the design stage developed at its Chennai plant and it will take a minimum of 24 months to begin the marketing. Hyundai is known for its premier brands of i10, i20 and Santro, and the company had a good stint during the festive season –selling some 51736 units (+11% than previous year). But the export found a fall by 11.9% with a sale of 23,435 units.