It looks like Hyundai is set to bring an MPV to the Indian market soon. The Hyundai ‘IP’ MPV’s design – along with other “aspects” of the car – has been finalised, according to Indian Autos Blog, citing the Times of India. Y J Ahn, chief coordinator of sales and marketing for Hyundai Motor India, intimated that a launch is expected next year.

Aside from the passenger car market, Ahn mentioned that the MPV would be targeted at taxi and fleet operators. The MPV will be Hyundai’s first attempt at the segment, and is expected to carry some features from the eight-seater Hexa Space concept first revealed at the 2012 Auto Expo in New Delhi.

While the concept car sat on the same platform as the ix20, it was previously stated that the IP will be built on a different base, one that costs less. In addition to that, it was also reported that the IP could receive some parts from the Hyundai Creta, Grand i10 and Elite i20.

Engine options for the IP are believed to range from a 1.4 litre MPi petrol or CRDi engine, from the Hyundai Verna, while larger 1.6 litre engines are rumoured to be introduced later on.