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Hyundai gears up in India with new model

Hyundai (HYMLF) showed off its new subcompact in India earlier today, although pricing of the small sedan is still a mystery.

The Xcent will challenge entrants from Honda (HMC) and Suzuki (SZKMY) in the tough Indian automobile market.

The model is sizes small enough to qualify for tax breaks from Indian buyers after other major automakers stumbled with larger-sized vehicles.

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