Hyundai, one of the biggest automobile exporters in India and the second largest seller of vehicles in the country, has binned a plan to make and sell commercial vehicles in India.  It says that there isn't enough demand.

Hyundai is content to remain just a carmaker in India and has dropped long-pending plans to enter the CV space. The Korean company had in fact initiated a feasibility study to examine an entry into Light Commercial Vehicles way back in 2006.

Arvind Saxena, VP of Marketing at Hyundai Motor India, said, "We have deliberated on this a lot and after lot of thinking we don’t find it a feasible option to manufacture CVs in India. It’s dropped."

But that is not all. Sources in Hyundai also shared that its joint venture with Caparo to assemble its luxury bus range in India is also on hold. The JV was meant roll out 1500 buses a year by the end of 2009. Hyundai is, however, pushing ahead with its proposed sub-Santro small car for India, which is in its development stage and should be ready by the second half of 2010.

For now, Hyundai will focus on its current portfolio, which it has just expanded with the launch of two new variants of its i20 hatch. Hot on the heels of the Honda Jazz and Fiat Grande Punto, the i20 now features an automatic and a diesel version.