By Nandan Mandayam and Dhwani Pandya BENGALURU/MUMBAI (Reuters) -Hyundai Motor India shares fell as much as 7.6% in their market debut on Tuesday after a tepid response from retail investors to the country's largest initial public offering on concerns the price was set too high and an auto industry slowdown.

Hyundai Motor India shares fell nearly 7% on their trading debut Tuesday after a record $3.3 billion initial public offering.

Shares of Hyundai Motor India dropped as much as 6% in their market debut on Tuesday, after a tepid response from retail investors to the pricing of the country’s largest ever initial public offering.