Hyundai India completes 20 years; plans to launch 2 new cars every year

Exactly 20 years go, Hyundai Motor India Limited laid the foundation for its factory in India on May 6, 1996. It began operations in September 1998...

By: | Published: May 6, 2016 7:04 PM
At the 20th Foundation Day celebration, Hyundai Motor India's Managing Director Young Key Koo announced the company's vision of achieving the market leadership in India and becoming the most trusted and modern premium brand with best products and services. At the 20th Foundation Day celebration, Hyundai Motor India's Managing Director Young Key Koo announced the company's vision of achieving the market leadership in India and becoming the most trusted and modern premium brand with best products and services.

Exactly 20 years go, Hyundai Motor India Limited laid the foundation for its factory in India on May 6, 1996. It began operations in September 1998 by commissioning its first integrated car plant outside its home market Korea in Sriperumbudur near Chennai. The investment done on the factory now stands at 3.1 billion USD with vendor investment of 1.5 billion USD.

The Santro was the company's first car in India which was also the first car in its segment to feature an MPFI engine. Other rials were only using carburettor based engines at that point of time.

At the 20th Foundation Day celebration, Hyundai Motor India's Managing Director Young Key Koo announced the company's vision of achieving the market leadership in India and becoming the most trusted and modern premium brand with best products and services. The official also spoke about the company's vision to launch 2 new products every year to reach more customers. More GDSI & digital showrooms, automated workshops, introduction of ‘Experience Hyundai’ programmes for brand & product, sponsorships etc. are in the offing.

YK Koo, MD and CEO, HMIL said “This is a very important milestone for us. 20 years ago we only had a dream of transforming the Indian auto industry by introducing contemporary products and today that dream has come true. We were also the first proponents of “Make in India” and showcasing India’s manufacturing prowess to the world. That vision is validated with HMIL and India remaining at the heart of HMC’s global operations and a key hub for exports. We have received tremendous support from the Indian customer and I am confident that this support and co-operation continues, going forward”

On the occasion, HMIL's top management, vendors & dealer partners, received a baton-scroll from YK Koo as a token of their pledge & strong commitment to achieve the Korean carmaker's vision of becoming a market leader. The company also launched a new logo to illustrate its 20 years of success.

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