Is Hyundai an Indian Company?
No, Hyundai is not an Indian company; it is a fully owned subsidiary of the South Korean-based Hyundai Motor Company, known as Hyundai Motor India Ltd. As of 2022, it commands a 15% market share in India and boasts an annual revenue of US$5.5 billion, securing its position as the second-largest automaker in the country, following Maruti Suzuki.
Hyundai Motors India: The genesis of Hyundai Motor India Limited dates back to May 6, 1996, when it was established by the Hyundai Motor Company of South Korea. Prior to Hyundai’s entry into the Indian auto industry, the Hyundai brand was relatively unknown in the country. In 1996, major players in the Indian automotive market included Maruti, Hindustan, Tata, Premier, and Mahindra, with Daewoo joining three years earlier with the Cielo. Opel, Ford, and Honda had also entered the market less than a year before Hyundai.
About Hyundai Motors India
Hyundai Motor India Limited (HMIL) stands as a completely-owned subsidiary of Hyundai Motor Company (HMC). Since its inception, HMIL has held the difference of being India’s main car exporter and the pioneer in imparting smart mobility solutions. Operating from a modern production facility in Chennai, HMIL ensures pinnacle-notch manufacturing, satisfactory, and checking out talents.
Integral to HMC’s global export community, HMIL currently exports products to about eighty five countries across Africa, Latin America, the Middle East, Australia, and the Asia-Pacific region. With 583 dealers and over 1492 service web sites nationwide, HMIL strategically positions itself for continued growth and enlargement in India. Hyundai in addition reinforces its commitment to innovation with a modern-day, multi-million-greenback Research and Development (R&D) facility in Hyderabad, aimed at leading the automotive engineering industry.
Hyundai Motors India
| Is Hyundai an Indian Company? | No, Hyundai Motor Company is not an Indian company. |
| Headquarters | Seoul, South Korea |
| Industry | Automotive manufacturing |
| Founded | 1967 |
| Founder | Chung Ju-Yung |
| Key Products | Automobiles, including passenger cars, SUVs, and commercial vehicles |
| Global Presence | Hyundai operates globally and is a well-known brand in the automotive industry |
| Market Focus | Manufactures and sells vehicles to consumers and businesses worldwide |
| Notable Models | Hyundai Sonata, Hyundai Tucson, Hyundai Elantra, and others |
| Innovation | Known for innovation in vehicle design, safety, and technology |
| Manufacturing Locations | Hyundai has manufacturing facilities in various countries |
| Contribution to India | Hyundai has a significant presence in India’s automotive market with manufacturing plants and a range of popular models. |
Conclusion
In conclusion Hyundai Motors India, Hyundai Motor Company is not an Indian entity; it stands as a South Korean multinational automotive manufacturer with a significant presence in India through its subsidiary, Hyundai Motor India Limited.
