Hyundai Motor India Limited
Encyclopedia
Hyundai Motor India Limited is a wholly owned subsidiary of the Hyundai Motor Company
in India
. It is the 2nd largest automobile manufacturer in India after Maruti Suzuki.
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. MUL, HM
, PAL
, TELCO and M&M
. 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 complete dominance and monopoly
over the Passenger Cars segment because TELCO and M&M
were solely Utility and Commercial Vehicle Manufacturers.
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 6 models of passenger cars across segments. The A2 segment includes the Santro, i10 and the i20, the A3 segment includes the Accent and the Verna, the A5 segment includes the Sonata Transform and the SUV segment includes the Santa Fe.
HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of 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.
In continuation with its commitment to providing Indian customers with cutting-edge global technology, HMIL has set up a modern multi-million dollar research and development facility in the cyber city of Hyderabad. It aims to become a centre of excellence for automobile engineering and ensure quick turnaround time to changing consumer needs.
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 110 countries across EU, Africa, Middle East, Latin America, Asia and Australia. It has been the number one exporter of passenger car of the country for the sixth year in a row.
To support its growth and expansion plans, HMIL currently has a 307 strong dealer network and 627 strong service points across India, which will see further expansion in 2010.
HMIL has two manufacturing plants in Sriperumbudur
, Tamil Nadu
capable of producing 600,000 vehicles annually.
. 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.
, 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 Company
Hyundai Motor Company is a Korean multinational automaker based in Seoul, South Korea which, along with Kia, comprises the Hyundai Kia Automotive Group, the world's fourth largest automaker as of 2009. As of 2011, it is the world's fastest growing automaker for two years running...
in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. It is the 2nd largest automobile manufacturer in India after Maruti Suzuki.
History
Hyundai Motor Company
Hyundai Motor Company is a Korean multinational automaker based in Seoul, South Korea which, along with Kia, comprises the Hyundai Kia Automotive Group, the world's fourth largest automaker as of 2009. As of 2011, it is the world's fastest growing automaker for two years running...
of South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
. 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. MUL, HM
Hindustan Motors
Hindustan Motors is an automobile manufacturer from India. It is part of the Birla Technical Services industrial group. The company was the largest car manufacturer in India before the rise of Maruti Udyog....
, PAL
Premier Automobiles Limited
Premier Ltd. is a manufacturer of vehicles based in Mumbai, India.Founded in 1944, the car first launched production by building vehicles under license from Dodge and Plymouth. In 1951, they began producing versions of the Fiat 500 for the Indian market. This was followed by the Fiat 1100 in 1954...
, TELCO and M&M
Mahindra & Mahindra Limited
Mahindra & Mahindra Limited is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. The company was set up in 1945 in Ludhiana as Mahindra & Mohammed by brothers K.C. Mahindra and J.C. Mahindra and Malik Ghulam Mohammed...
. Daewoo
Daewoo Motors
The Daewoo Motors was a South Korean car maker established in 1978, part of the Daewoo Group. The company sold most of its assets in 2001 to General Motors after running into financial trouble. The commercial vehicles division was acquired by Tata Motors in 2004.-History:The company was first...
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 complete dominance and monopoly
Monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity...
over the Passenger Cars segment because TELCO and M&M
Mahindra & Mahindra Limited
Mahindra & Mahindra Limited is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. The company was set up in 1945 in Ludhiana as Mahindra & Mohammed by brothers K.C. Mahindra and J.C. Mahindra and Malik Ghulam Mohammed...
were solely Utility and Commercial Vehicle Manufacturers.
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 6 models of passenger cars across segments. The A2 segment includes the Santro, i10 and the i20, the A3 segment includes the Accent and the Verna, the A5 segment includes the Sonata Transform and the SUV segment includes the Santa Fe.
HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of 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.
In continuation with its commitment to providing Indian customers with cutting-edge global technology, HMIL has set up a modern multi-million dollar research and development facility in the cyber city of Hyderabad. It aims to become a centre of excellence for automobile engineering and ensure quick turnaround time to changing consumer needs.
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 110 countries across EU, Africa, Middle East, Latin America, Asia and Australia. It has been the number one exporter of passenger car of the country for the sixth year in a row.
To support its growth and expansion plans, HMIL currently has a 307 strong dealer network and 627 strong service points across India, which will see further expansion in 2010.
Manufacturing facilities
Sriperumbudur
Sriperumbudur is an industrial city in Kanchipuram district in the Indian state of Tamil Nadu. It is located in proximity to Chennai. It is famous for being the birth place of Sri Ramanuja, one of the most prominent Hindu Vaishnava saints as well as the town where former Indian Prime Minister...
, Tamil Nadu
Tamil Nadu
Tamil Nadu is one of the 28 states of India. Its capital and largest city is Chennai. Tamil Nadu lies in the southernmost part of the Indian Peninsula and is bordered by the union territory of Pondicherry, and the states of Kerala, Karnataka, and Andhra Pradesh...
capable of producing 600,000 vehicles annually.
Models
Manufactured locally
- Hyundai AccentHyundai AccentThe Hyundai Accent , or Hyundai Verna in South Korea, is a subcompact car produced by Hyundai. In Australia, the first generation models carried over the Hyundai Excel name used by the Accent's predecessor. The Accent was replaced in 2000 by the Hyundai Verna in South Korea, although most...
(Launched 1999) - Hyundai Santro Xing (Launched 2003)
- Hyundai i20Hyundai i20The Hyundai i20 is a supermini/subcompact car, made its debut at the Paris Motor Show in October 2008 and went on the sale in December 2008 in India to fit between the i10 and i30. It is a front-wheel drive car, and is available in three and five door versions. The i20 replaces the Getz in most...
(Launched 2008) - Hyundai Sonata TransformHyundai SonataThe Hyundai Sonata is a mid-size car/full-size car manufactured and marketed globally by Hyundai Motor Company. From the sixth generation onwards, it is known as the i45 in the Australian, Singaporean and New Zealand markets...
(Launched 2009) - Hyundai Next Gen i10Hyundai i10The Hyundai i10 is a 5-door hatchback subcompact produced by the Hyundai Motor Company. It was launched in October 2007, replacing the Hyundai Atos in some markets.The i10 is produced in India at Hyundai's Chennai plant for the domestic and export markets...
(Launched 2010) - Hyundai Fluidic Verna (Launched 2011)
- Hyundai EonHyundai EonThe Hyundai Eon is a five-door hatchback subcompact produced by the Hyundai Motor Company. The car has been launched in India, with advance bookings opening on 1 October 2011.The Eon will be produced at Hyundai's Chennai factory...
(Launched 2011)
Discontinued
- Hyundai Santro (1998–2003)
- Hyundai SonataHyundai SonataThe Hyundai Sonata is a mid-size car/full-size car manufactured and marketed globally by Hyundai Motor Company. From the sixth generation onwards, it is known as the i45 in the Australian, Singaporean and New Zealand markets...
(2001–2005) - Hyundai Accent VivaHyundai AccentThe Hyundai Accent , or Hyundai Verna in South Korea, is a subcompact car produced by Hyundai. In Australia, the first generation models carried over the Hyundai Excel name used by the Accent's predecessor. The Accent was replaced in 2000 by the Hyundai Verna in South Korea, although most...
(2002–2007) - Hyundai TerracanHyundai TerracanThe Hyundai Terracan is a SUV that was produced by Hyundai Motor Company from 2001 to 2007. It was based on the Hyundai Highland concept . The target market for the Terracan mainly consisted of middle aged people looking for a cheaper alternative to other urban SUV's such as the Ford Explorer...
(2003–2007) - Hyundai GetzHyundai GetzThe Hyundai Getz is a supermini car produced by the Hyundai Motor Company, sold in most of the world except the U.S. or Canada...
(2004–2007) - Hyundai Elantra (2004–2007)
- Hyundai Sonata Embera (2005–2009)
- Hyundai TucsonHyundai TucsonThe Hyundai Tucson , or ix35 in Europe, or Hyundai JM in Japan, is a compact crossover SUV built and marketed by the Hyundai Motor Corporation. In Hyundai's lineup, the Tucson fits below the Santa Fe and Veracruz....
(2005–2010) - Hyundai Verna (2006–2010)
- Hyundai Getz PrimeHyundai GetzThe Hyundai Getz is a supermini car produced by the Hyundai Motor Company, sold in most of the world except the U.S. or Canada...
(2007–2010) - Hyundai i10Hyundai i10The Hyundai i10 is a 5-door hatchback subcompact produced by the Hyundai Motor Company. It was launched in October 2007, replacing the Hyundai Atos in some markets.The i10 is produced in India at Hyundai's Chennai plant for the domestic and export markets...
(2007-2010) - Hyundai Verna Transform (2010-2011)
Sales and service network
As of March 2011, HMIL has 451 dealerships and more than 647 Hyundai Authorised Service Centers in 340 cities across IndiaIndia
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. 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.
Sales performance
| Year ended | Domestic Sales | Exports | Total |
|---|---|---|---|
| 2005 | , | , | 252,851 |
| 2006 | , | , | , |
| 2007 | 200,421 | 126,749 | 327,170 |
| 2008 | 245,397 | 243,931 | 489,328 |
| 2009 | 289,863 | 270,017 | 559,880 |
| 2010 | 356,717 | 247,102 | 603,819 |
| 2011 | |||
Exports
HMIL currently exports vehicles to more than 110 countries across EuropeEurope
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
, Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
, Latin America
Latin America
Latin America is a region of the Americas where Romance languages – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...
and Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
. It has been the number one exporter of passenger cars for the sixth year in a row in India.
See also
- Hyundai Motor CompanyHyundai Motor CompanyHyundai Motor Company is a Korean multinational automaker based in Seoul, South Korea which, along with Kia, comprises the Hyundai Kia Automotive Group, the world's fourth largest automaker as of 2009. As of 2011, it is the world's fastest growing automaker for two years running...
- Hyundai Kia Automotive GroupHyundai Kia Automotive GroupThe Hyundai Kia Automotive Group is South Korea's largest automobile manufacturer, the second largest automaker in Asia after Toyota and the world's fourth largest automaker after Toyota, GM, and Volkswagen as of the end of 2010...
- Automobile industry in India