Hyundai Motor India

Hyundai Motor India Limited
Company type	Public subsidiary
Traded as	NSE: HYUNDAI; BSE: 544274
Industry	Automotive
Founded	6 May 1996; 28 years ago
Headquarters	Gurgaon, Haryana, India (corporate headquarters) Kancheepuram, Tamil Nadu, India (registered office)
Key people	Unsoo Kim (MD & CEO) ; Tarun Garg (WTO & COO)
Products	Automobiles
Production output	777,876 units (2024)
Revenue	₹69,829 crore (US$8.4 billion) (2024)
Net income	₹6,060 crore (US$730 million) (2024)
Parent	Hyundai Motor Company
Website	www.hyundai.com/in/en
	Footnotes / references; Financials as of 31 March 2024.

Hyundai Motor India Limited (HMIL) is the Indian subsidiary of the South Korean automobile manufacturer Hyundai Motor Company. It is the second largest car manufacturer in India.^[4]

History

Hyundai Motor India Limited was formed on 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.^{[citation needed]}

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Mahindra & Mahindra were solely utility and commercial vehicle manufacturers, while Hindustan and Premier both built outdated and uncompetitive products.^{[citation needed]}

HMIL's first car, the Hyundai Santro was launched on 23 September 1998 and was a runaway success. Within a few months of its inception, HMIL became India's second-largest automobile manufacturer and the largest automobile exporter. 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.^{[citation needed]}

Hyundai started the construction of the plant in the year 1996. December 10, 1996 the groundbreaking ceremony was done for Plant 1. Mr Yang Soo Kim was then the managing director of Hyundai Motor India.^{[citation needed]}

The Indian counterpart leadership team was managed by Mr AP Gandhi, Mr BVR Subbu and Mr G.S. Ramesh. Mr AP Gandhi was the president for a few years of inception. Mr BVR Subbu was the marketing director responsible for dealer development and sales. He resigned from Hyundai Motor India in 2006.^[5]

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 87 countries. It has been the number one exporter of passenger cars in the country for the eighth year in a row.^[6]

To support its growth and expansion plans, HMIL currently has a strong 1200 dealer network and more than 1,309 strong service points across India.

In July 2012, Arvind Saxena, the Director of Marketing and Sales stepped down from the position after serving the company for seven years.^[7]

In August 2018, Rakesh Srivastava, Director of Sales and Marketing at Hyundai India, resigned from his position after serving for six years.

On 4 December 2018, Hyundai Motor India Ltd, announced the top-level management changes immediately. Seon Seob Kim assumed the responsibilities of MD and CEO from Young Key Koo.^{[citation needed]}

In 2019, Hyundai Motor Company invested around 1.1 trillion KRW in an additional EV production line and began manufacturing Kona Electric.

In 2022, Hyundai Motor India Limited receives about 85% of its electrical power as eco-friendly energy from external power plants. Moreover, it is currently installing a stationary solar power system of 1.9MWp using the module factory's roof with a size of 13,028m².

On 15 June 2024, Hyundai Motor India filed a draft prospectus with the Securities and Exchange Board of India seeking approval for an initial public offering.^[8]

Hyundai's manufacturing plant near Chennai.

Manufacturing facilities

HMIL has two manufacturing plants in Irungattukottai and Sriperumbudur, both in state of Tamil Nadu. 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. Current Production Capacity efficiency, has led to rolling out cars in 31 seconds, with these two plants in Irungattukottai, Sriperumbudur increased to 7,40,000 cars per year.^{[citation needed]}

R&D centre

Hyundai Motor India Engineering (HMIE) is a fully owned subsidiary of Hyundai Motor Company, South Korea, which is located at Hyderabad, Telangana. HMIL established HMIE in November 2006 and contributed to the development of Hyundai Motors' popular new models for the Indian market starting with the Eon and followed now by the "i" series, and also in SUV segments like the Creta. Hyundai Motors' other overseas R&D centres are located in the United States, Germany, Japan, Korea, and China.^{[citation needed]}

Regional headquarters

As of 2 July 2018, as part of organizational restructuring, Hyundai has announced the creation of three regional headquarters – Hyundai Motor India, Hyundai Motor North America and Hyundai Motor Europe. The regional headquarters will have various divisions for planning, finance, products and customer experience. They will work in collaboration with Hyundai Motor Company – the corporate headquarters based in Seoul, South Korea.^{[citation needed]}

Hyundai Motor India led by SS Kim will oversee the operations of the brand in the regional market.^{[citation needed]}

Global Quality Centre

Indian Quality Centre (INQC) is one of five quality centres worldwide, along with those in the US, China, Europe and Middle East.

The India centre located at Faridabad, Haryana will conduct durability studies of existing models and benchmark parts and systems for constant improvement.

The key activity of the centre is to "contribute in new car development from pilot stage to create quality product with zero defect".

The centre will also be responsible for ensuring "top level safety quality" through proactive customer oriented management system and understanding feedback from them to eliminate potential risks. The centre also has an objective to study market conditions and other Asia Pacific regions to develop new cars and adapt strategies for continuous product quality improvement.

The company opened a training centre at the facility. It will have its own body and paint unit. The new service training will ensure overall skill development of entire service profile of dealer manpower.

Models

Current models

ICE vehicles

Model		Indian introduction	Current model
Model		Indian introduction	Introduction (model code)	Update (facelift)
Hatchback
	Grand i10 Nios	2007	2019 (AI3)	2023
	i20	2008	2020 (BI3)	2023
Sedan
	Aura	2020	2020 (AI3)	2023
	Verna	2006	2023 (BN7)	–
SUV/crossover
	Exter	2023	2023 (AI3)	–
	Venue	2019	2019 (QXi)	2022
	Creta	2015	2020 (SU2i)	2024
	Alcazar	2021	2021 (SU2i LWB)	2024
	Tucson	2005	2022 (NX4)	–

Electric vehicles

Model		Indian introduction	Current model
Model		Indian introduction	Introduction (model code)	Update (facelift)
SUV/crossover
	Ioniq 5	2023	2023 (NE)	–

Discontinued models

[1]

Model	Released	Discontinued
Santro	1998	2022
Accent	1999	2013
Sonata	2001	2014
Terracan	2003	2007
Elantra	2004	2022
Getz	2004	2009
Santa Fe	2010	2017
Eon	2011	2019
Xcent	2014	2020
Kona Electric	2019	2024

Sales and service network

HMIL has 700 dealers and more than 1,300 service points across India.^[9]^[10] 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.^[11]

Sales and exports

Hyundai Motor India Limited annual sales
Year	Domestic sales	Exports	Total
1998	8,447	0	8,447
1999	17,627	20	17,647
2000	82,896	3,823	86,719
2001	87,175	6,092	93,267
2002	102,806	8,245	111,051
2003	120,325	30,416	150,741
2004	139,759	75,871	215,630
2005	156,291	96,560	252,851
2006	186,174	113,339	299,513
2007	200,411	126,749	327,160
2008	245,397	243,919	489,316
2009	289,863	270,017	559,880
2010	356,717	247,102	603,819
2011	373,709	242,330	616,039
2012	391,276	250,005	641,281
2013	380,000	233,260	613,260
2014	410,000	191,221	601,221
2015	476,001	167,268	643,269
2016	500,537	161,517	662,054
2017	527,320	150,901	678,221
2018	550,002	160,010	710,012
2019	510,260	181,200	691,460

HMIL currently exports vehicles to over 92 countries across Africa, Middle East, Latin America, Australia and Asia. It has been India's number one exporter for the last 10 years consecutively.^[when?]

In February 2010 HMIL achieved a record export of 1 million units.^[12]

HMIL has been consecutively awarded "Top Exporter Of The Year" for 10 years by EEPC.The Highest Exported volume was 2,70,017 in year 2009. Now, it has moved down as fourth largest car exporter following Maruti Suzuki, Volkswagen and Nissan.^[13]

Awards and achievements

Indian Car of the Year (ICOTY)^{[citation needed]}
- 2008 — Hyundai i10
- 2014 — Hyundai Grand i10
- 2015 — Hyundai Elite i20
- 2016 — Hyundai Creta
- 2018 — Hyundai Verna
- 2020 — Hyundai Venue
- 2021 - Hyundai i20
J D Power Appeal Awards 2016 demonstrating excellence of 'Made In India' Products as per global standards for Grand i10, Elite i20 & Creta.^{[citation needed]}
JD Power Indian Customer Satisfaction Award 2017 – For Ranking Number 1 in After Sales Customer satisfaction.^{[citation needed]}

Brand ambassador

The carmaker got Shah Rukh Khan on board as its brand ambassador for the Hyundai Xcent, the company's recently launched sub-compact sedan in India. 1998, SRK shot his first TVC for the Hyundai Santro, and his association with the car brand has now turned 23.^{[citation needed]}

In 2010 Khan won the "Brand Ambassador of the Year" for Hyundai i10 at NDTV Profit Car and Bike Awards.^{[citation needed]}

Khan also promotes the "Be The Better Guy" road safety campaign for Hyundai.^{[citation needed]}

In July 2017, Hyundai India extended Khan's contract for two years.^[14]^[15]

In 2024 Hyundai Motor India appointed Deepika Padukone as brand ambassador along with Shah Rukh Khan ahead with Hyundai Creta Facelift.

Charging Network

Hyundai Motor India has added 11 ultra-fast charging stations strategically located across major highways and cities in India. And have plans to install 100 more charging stations by 2027^[16]