Will get stronger in compact segment with new Santro: Hyundai's Y K Koo

India is today a key market for Hyundai

South Korean carmaker Hyundai, the second biggest player in the domestic car market, on Tuesday strengthened its presence in the compact segment by launching the new Santro, four years after the old model was discontinued. Priced Rs 389,900 onwards, the car will compete with rival Maruti Suzuki's Wagon R and Celerio, among other brands. The company has spent Rs 7.4 billion in developing the car, and expects to sell 8,000-9,000 units a month. In an interview with Ajay Modi, Hyundai Motor India Managing Director and Chief Executive Officer Y K Koo speaks about the new product, the market challenges, and