Hyundai Motor India Limited
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai
Motor Company, South Korea and is the second largest and the fastest growing car
manufacturer in India. HMIL presently markets 35 variants of passenger cars in
six segments. The Santro in the B segment, Getz in the B+ segment, the Accent
and Verna in the C segment, the Elantra in the D segment, the Sonata Embera in
the E segment and the Tucson in the SUV segment.
The company recorded combined sales of 252,851 during calendar year 2005 with a
growth of 17.26% over year 2004. HMIL is India's fastest growing car company
having rolled-out 10,00,000 cars in just 90 months since its inception and is
the largest exporter of passenger cars with exports of over Rs. 1,800 crores.
HMIL has recorded a growth of 27.2% in exports over the year 2004.
HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai
boasts some of the most advanced production, quality and testing capabilities in
the country. In continuation of its investment in providing the Indian customer
global technology, HMIL has announced plans for its second plant, which will
produce 300,000 units per annum, raising HMIL’s total production capacity to
600,000 per annum by 2007.
HMIL is investing to expand capacity in line with its positioning as HMC’s
global export hub for compact cars. Apart from expansion of production capacity,
HMIL plans to expand its dealer network, which will be increased from 162 to 200
this year. And with the company’s greater focus on the quality of its
after-sales service, HMIL’s service network will be expanded to over 1,000 in
The year 2005 has been a significant year for Hyundai Motor India. It
achieved a significant milestone by rolling out the fastest “200,000th”
export car. HMIL exports to over 60 countries globally and made a foray into the
highly competitive UK market by exporting its first shipment of 820 cars.
HMIL was also the “Manufacturer of the Year” two years in a row in 2002 and
2003. ICICI Overdrive Awards declared Hyundai as the “Car Maker of the Year”
in 2003. Hyundai products with state of the art technology have also been
winning many accolades over the years. Santro bagged top honours in JD Power
Asia Pacific for three years. Accent was ranked No. 1 in J D Power Asia Pacific
APEAL for two years and also got Business Standard Motoring Jury award for its
HMIL has also been awarded the benchmark ISO 14001 certification for its
sustainable environment management practices.
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