The Indian subsidiary of the Korean auto major, Hyundai Motor India is currently on an expansion mode and the company is company is planning to expand its capacity and launch new models to maintain its share of around 20 per cent in the growing Indian passenger car market.

It is to be mentioned here that the company lost the second position to Tata Motors in June n the passenger vehicles category but regained in the month of July. Managing Director of the company H W Park recently said that the company is working on a plan wherein it has the ability to increase the capacity by 70,000 units with a marginal investment.

Moreover, Park also pointed out the fact that the Korean auto major has plans to launch new models with technology that models sold by competition do not have.

While he did not give a time frame for increasing the capacity and also about the new models Arvind Saxena, director (marketing and sales), Hyundai Motors India said that the company is focusing is on the domestic market as the demand is increasing.

The officials of the company also said that the ratio of domestic sales to exports for this year will be 58:42.