Hyundai Bets Big On India and China

The Korean automaker plans to boost production in both fast-growing markets with new plants, and fresh models for local and export consumption
Hyundai hopes its new Chinese car, codenamed the HDC, will boost sales by over 60% and reverse a market-share slide in China.

With the U.S. facing a credit crunch and worries of a recession, it seems like a bad time for South Korea's Hyundai Motor to be pursuing a policy of global expansion. After all, winning over car buyers in the world's biggest market is crucial to the company's hopes of building a globally recognized brand.

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