Hyundai Motor India

South Korean subsidiary in India From Wikipedia, the free encyclopedia

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 by sales until 2025.[4]

IndustryAutomotive
Founded6 May 1996; 30 years ago (1996-05-06)
Quick facts Type, Traded as ...
Hyundai Motor India Limited
TypePublic subsidiary
NSE: HYUNDAI
BSE: 544274
IndustryAutomotive
Founded6 May 1996; 30 years ago (1996-05-06)
HeadquartersGurugram, Haryana, India
(corporate office)[1]
Kancheepuram, Tamil Nadu, India
(registered office)[2]
Key people
Tarun Garg (MD & CEO)
ProductsAutomobiles
Production output
Increase 777,876 units (2024)
RevenueDecrease 67,654 crore (US$7.0 billion) (2025)
Decrease 7,391 crore (US$770 million) (2025)
Decrease 5,492 crore (US$570 million) (2025)
Total assetsIncrease 29,372 crore (US$3.1 billion) (2025)
Total equityIncrease 15,767 crore (US$1.6 billion) (2025)
ParentHyundai Motor Company
Websitewww.hyundai.com/in/en
Footnotes
Financials as of 31 March 2024.[3]
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Hyundai Santro Xing (discontinued-2015) was a successful car in India. It was manufactured only by HMIL.
The Hyundai i10 (discontinued-2016) was exclusively manufactured by HMIL.

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Mahindra & Mahindra were solely utility and commercial vehicle manufacturers, while Hindustan and Premier both built outdated and uncompetitive products.[citation needed]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 second largest passenger car exporter and the second largest car manufacturer in India.[5]

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.[6]

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 became 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.[7]

In July 2012, Arvind Saxena, the Director of Marketing and Sales stepped down from the position after serving the company for seven years.[8]

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.[9]

Hyundai's manufacturing plant near Chennai.
Hyundai Cars at a port.

Manufacturing facilities

HMIL has two manufacturing plants, one in Irungattukottai, Tamil Nadu and Other in Talegaon, Maharashtra. Irungattukottai Plant has a capacity of 850,000 vehicles per annum.[10]

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]

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.[11]

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

More information Model, Indian introduction ...
Model Indian introduction Current model
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) 2026
SUV/crossover
Exter 2023 2023 (AI3) 2026
Venue 2019 2025 (QU2i)
Creta 2015 2020 (SU2i) 2024
Alcazar 2021 2021 (SU2i LWB) 2024
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Electric vehicles

More information Model, Indian introduction ...
Model Indian introduction Current model
Introduction (model code) Update (facelift)
SUV/crossover
Creta Electric 2025 2025 (SU2 EV)
Ioniq 5 2023 2023 (NE) 2026
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Discontinued models

Milestones

More information Image, Model ...
Image Model Released Discontinued
Santro 1998 2022
Accent 1999 2013
Sonata 2001 2015
Terracan 2003 2007
Elantra 2004 2022
Getz 2004 2009
Tucson 2005 2025
Santa Fe 2010 2017
Eon 2011 2019
Xcent 2014 2020
Kona Electric 2019 2024
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Sales and service network

As of 2025, HMIL has 1,366 sales points and 1,550 service points across India.[12] 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.[13]

Sales and exports

More information Year, Domestic sales ...
Hyundai Motor India Limited annual sales
YearDomestic salesExportsTotal
19988,44708,447
199917,6272017,647
200082,8963,82386,719
200187,1756,09293,267
2002102,8068,245111,051
2003120,32530,416150,741
2004139,75975,871215,630
2005156,29196,560252,851
2006186,174113,339299,513
2007200,411126,749327,160
2008245,397243,919489,316
2009289,863270,017559,880
2010356,717247,102603,819
2011373,709242,330616,039
2012391,276250,005641,281
2013380,000233,260613,260
2014410,000191,221601,221
2015476,001167,268643,269
2016500,537161,517662,054
2017527,320150,901678,221
2018550,002160,010710,012
2019510,260181,200691,460
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HMIL currently exports vehicles to over 92 countries across Africa, Middle East, Latin America, Australia and Asia.

In February 2010 HMIL achieved a record export of 1 million units.[14]

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. As of 2025, HMIL is the second largest car exporter in India following Maruti Suzuki.[5]

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.[15][16]

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.[17]

Hyundai Motor India Foundation

In 2021, the Hyundai Motor India Foundation (HMIF), the philanthropic arm of Hyundai Motor India Ltd., announced a new initiative, Art for Hope. It will work towards encouraging artists across various domains like digital arts, crafts, multidisciplinary arts, performance arts and visual arts. The project is scheduled to begin October 2021. Selected artists will get an opportunity to exchange ideas, complete an art project and be mentored by key industry people. The final projects will be displayed in art shows across India.[18]

See also

References

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