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Hyundai shifts gears to India after stalling in China

Automaker set to expand production in market that shrank 13% last year

A man walks between rows of Hyundai Motor cars at a lot in Chennai, India.   © Reuters

SEOUL/MUMBAI -- Hyundai Motor Group is remapping its growth strategy by expanding in India amid diminished prospects in the Chinese market.

Hyundai, which is No. 2 in terms of market share in India, will leverage its competitive advantage to try to close the gap with market leader Maruti Suzuki India, and is set to increase manufacturing capacity in the country above 1 million vehicles this year.

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