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The affiliate of South Korea's Hyundai Motor Co. said the NDTV award marks the second time that the company received laurels in the local market.
Last month, the company won the UTVi award for automobiles.
Both awards are given based on number of new models released in the previous year, overall sales numbers and market share, along with new technology used in the models and brand presence.
Hyundai claimed the awards could further enhance the image of the carmaker in the Indian market.
"The company expects difficulties this year, but hopes to use these recognitions to expand market share," said a company executive.
Hyundai saw sales improve in the U.S. and Chinese markets in January, but said overall conditions will likely affect growth this year, following a poor showing in 2008.
South Korea's No. 1 carmaker and its affiliate Kia Motors Corp. said exports to emerging markets plunged sharply last month compared to the year before as the global economic downturn caused consumers to reconsider new purchases.
(Yonhap)
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