History of Hyundai
| Country Name | : | South Korea |
| Site Url | : | http://www.hyundai-motor.com/ |
Hyundai Description :
When the South Korean automobile manufacturer Hyundai Motor Company first stepped foot in India, the brand Hyundai was virtually unkown throughout the country. At the time Hyundai Motor India Limited was formed, i.e. May 6, 1996, there were only five names that ruled the Indian automobile sector, namely, Maruti Udyog Limited, Hindustan Motors, Premier Automobiles Limited, TELCO, and Mahindra and Mahindra. Also, Daewoo with the Cielo and Ford, Opel and Honda were recent entrants. So until Hyundai cars forayed into the Indian automobile sector, Maruti Udyog Limited, now Maruti Suzuki, dominated the passenger car segment for TELCO and Mahindra and Mahindra were solely utility and commercial vehicle manufacturers. So when the first Hyundai car in India, i.e. Hyundai Santro, hit the roads, it was an instant success.
Hyundai Santro's massive success had set the base for a successful run of Hyundai cars in India, and within a few months from its inception, Hyundai Motor India Limited had become the second largest automobile manufacturer and the largest automobile exporter in India. Hyundai Motor India Limited has two manufacturing plants near Chennai, Tamil Nadu, and the company claims that this manufacturing unit have the most advanced production, quality, and testing capabilities in the country. The second plant was commissioned in February 2008 to cater to the rising demand, adding an added production capacity of 300, 000 units annually, which raised HMIL's total production capacity to 600, 000 units annually. The Indian arm of the South Korean auto giant also has a research facility in Hyderabad.
Hyundai Motor India Limited, Hyundai Motor Company's global export hub for compact cars, became the first Indian automotive company to achieve the export figure of 10 lakh units in just over a decade. The company currently exports Hyundai cars to over 110 countries, which include EU, Africa, Middle East, Latin America, Asia and Australia. Moving on to HMIL's portfolio for India, it currently includes eight passenger Hyundai cars across various segments, namely, the Hyundai Eon, Hyundai Santro, Hyundai i10, and the Hyundai i20 in the A2 segment; Hyundai Accent and Hundai Verna in the A3 segment; Hyundai Sonata in the A5 segment, and the Hyundai Santa Fe in the SUV segment. Already armed with an impressive lineup of Hyundai cars in India, HMIL further supports its growth with a strong network that comprises of 307 dealerships and 627 service points across India.
Hyundai History :
The Hyundai Motor Company, a division of the Hyundai Kia Automotive Group, is South Korea's largest and the world's fifth largest Automaker in terms of units sold per year.Its headquarters are in Seoul, South Korea. In Ulsan, South Korea, Hyundai operates the world's largest integrated automobile manufacturing facility, which is capable of producing 1.6 million units annually. The Hyundai logo, a slanted, stylized 'H,' is said to be symbolic of two people (the company and customer) shaking hands. Hyundai means
Chung Ju-Yung founded the Hyundai Engineering and Construction Company in 1947. Hyundai Motor Company was later established in 1967. The company's first model, the Cortina, was released in cooperation with Ford Motor Company in 1968. In 1975, the Pony, the first Korean car, was released, with styling by Giorgio Giugiaro of ItalDesign and powertrain technology provided by Japan's Mitsubishi Motors.In 1991, the company succeeded in developing its first proprietary gasoline engine, the four-cylinder Alpha, and transmission, thus paving the way for technological independence.
