Hyundai Motor India Limited
new thinking new possibilities
|Founded||6 May 1996|
|Headquarters||Sriperumbudur, Kanchipuram district, Tamil Nadu, India|
|Key people||Mr. Bo Shin Seo (MD)|
|Parent||Hyundai Motor Company|
Hyundai Motor India Limited was formed in 6 May 1996 by the Hyundai Motor Company of South Korea. When Hyundai Motor Company entered the Indian Automobile Market in 1996 the Hyundai brand was almost unknown throughout India. During the entry of Hyundai in 1996, there were only five major automobile manufacturers in India, i.e. Maruti, Hindustan, Premier, Tata and Mahindra. Daewoo had entered the Indian automobile market with Cielo just three years back while Ford, Opel and Honda had entered less than a year back.
For more than a decade till Hyundai arrived, Maruti Suzuki had a near monopoly over the passenger cars segment because Tata Motors and Mahindra & Mahindra were solely utility and commercial vehicle manufacturers, while Hindustan and Premier both built outdated and uncompetitive products.
HMIL's first car, the Hyundai Santro was launched in 23 September 1998 and was a runaway success. Within a few months of its inception HMIL became the second largest automobile manufacturer and the largest automobile exporter in India. Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC), South Korea and is the largest passenger car exporter and the second largest car manufacturer in India. HMIL presently markets 10 models - Eon, Santro, i10, Grand i10, Xcent, Elite i20, Verna, Elantra, Sonata and Santa Fe.
HMIL’s manufacturing plant near Chennai claims to have the most advanced production, quality and testing capabilities in the country. To cater to rising demand, HMIL commissioned its second plant in February 2008, which produces an additional 300,000 units per annum, raising HMIL’s total production capacity to 600,000 units per annum.
HMC has set up a research and development facility(Hyundai Motor India Engineering - HMIE) in the cyber city of Hyderabad.
As HMC’s global export hub for compact cars, HMIL is the first automotive company in India to achieve the export of 10 lakh cars in just over a decade. HMIL currently exports cars to more than 120 countries across EU, Africa, Middle East, Latin America, Asia and Australia. It has been the number one exporter of passenger cars of the country for the eighth year in a row.
To support its growth and expansion plans, HMIL currently has 388 strong dealer network and more than 1000 strong service points across India, which will see further expansion in 2014. In July 2012, Arvind Saxena, the Director of Marketing and Sales stepped down from the position after serving the company for 7 years.
- Hyundai EON (Launched 2011)
- Hyundai Santro Xing (Launched 2003)
- Hyundai Next Gen i10 (Launched 2010)
- Hyundai Grand i10 (Launched 2013)
- Hyundai Xcent (Launched 2014)
- Hyundai Uber Cool i20 (Launched 2008)
- Hyundai Elite i20 (Launched 2014)
- Hyundai Fluidic Verna (Launched 2011)
- Hyundai Neo Fluidic Elantra (Launched 2012)
- Hyundai Santro (1998–2001)
- Hyundai Accent GTX (1999–2002)
- Hyundai New Look Santro (2001–2003)
- Hyundai Sonata Gold (2001–2005)
- Hyundai Accent Viva (2002–2004)
- Hyundai Accent CRDi (2002–2006)
- Hyundai Terracan (2003-2007)
- Hyundai Getz (2004–2007)
- Hyundai Accent GLS (2004–2005)
- Hyundai Sonata Embera (2005–2009)
- Hyundai Accent GLE (2006–2011)
- Hyundai Verna (2006–2010)
- Hyundai Getz Prime (2007–2010)
- Hyundai i10 (2007-2010)
- Hyundai Verna Transform (2010-2011)
- Hyundai Elantra (2004–2010)
- Hyundai Tucson (2005–2010)
- Hyundai Sonata Transform (2010–2011)
- Hyundai Santa Fe Second Generation (2010-2013)
- Hyundai Accent Executive (2011-2013)
Sales and service network
As of March 2011, HMIL has 451 dealerships and more than 647 Hyundai Authorised Service Centers in 340 cities across India. HMIL also operates its own dealerships known as Hyundai Motor Plazas in large metros across India. HMIL has the second largest sales and service network in India after Maruti Suzuki.
HMIL currently exports vehicles to more than 110 countries across Europe, Africa, Middle East, Latin America and Asia. It has been the number one exporter of passenger cars for the sixth year in a row in India.
Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, registered 4.6% growth in Exports for the month of May 2013. The domestic sales accounted for 32,102 units and exports stood at 24,754 units.
- "Arvind Saxena resigns from Hyundai". 23 July 2012.
- "Hyundai Motor India Limited". Iloveindia.com. Retrieved 2009-10-19.
- "Hyundai Exports up by 4.6%- BigGaddi.com News". BigGaddi.com. Retrieved 8-6-2013.