Historically Hungary's first tanks were a number of Italian Ansaldo tankettes acquired in the early 1930s. In last year's discussion of Hungary, there appeared to be a consensus that this was viable in WW.
The next series of OTL Hungarian tanks were based on Swedish Landsverk designs, on which the player base was not able to reach a consensus at that time.
The Toldi Light Tank is not a very sophisticated vehicle and its indigenous development would not be unreasonable for a nation with a modest industrial base and access to foreign design assistance. I would therefore propose that Hungary did proceed with such development and in 1940 would begin to field its first indigenously-designed tanks. The proposed design follows. I invite you comments on whether this is a reasonable development.
40M Toldi Light Tank
Length: 4.75 m
Width: 2.14 m
Height: 1.87 m
Weight: 8.5 tons
Speed: 47 kph (road), 25 kph (off-road)
Range: 190 km (road)
Armament: One 20mm 36M gun with 208 rounds and one coaxial 8mm 34/37M machinegun with 1,400 rounds
Armour: Hull: front: 33mm; side 13mm; belly 10mm; roof 6mm; Turret: front 33mm; side 13mm, roof 6mm
Engine: Ganz-built eight-cylinder Büssing NAG 155hp petrol engine
Crew: 3
(stats are all OTL)