25-08-2017, 09:32 PM
An organizational study at Popular Hyundai, Cochin
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INTRODUCTION TO AUTOMOBILE INDUSTRY
Automobiles are one of the most important and prominent inventions possibly ever created. Without automobiles our lives would be completely changed and different. Automobiles changed the way people traveled and lived. Without cars there would be no drive-ins, drive-thru fast food restaurants, and shopping centers. People depend on their cars whether they’re earning their living, or traveling to their dream vacation spot. The United States is the leading producer of automobiles and is often called the “Nation On Wheels.” The U.S has become very dependent on cars for transportation. Racing automobiles is also a very popular sport which attracts millions of enthusiasts nation-wide. Whether it’s a local race track, or a huge NASCAR track, people love racing and the thrill, and also the danger.
INTROE INDUSTRY IN INDIADUCTION TO AUTOMOBIL
It is an assembly industry. The industry basically depends upon iron and steel and many other materials for assembly and trimming. These materials are manufactured in different factories which are often widely scattered.
The industry manufactures motorcycles, scooters, three wheelers, cars, buses, trucks, tractors, jeeps, military vehicles etc.
The industry has witnessed rapid strides with time. This industry has been revolutionized in matters of model, shape, speed, carrying capacity, amenities etc. Speedy luxurious bullet proof cars with communication facilities have entered the market.
A large number of companies are manufacturing different types of automobiles both for civil and defence uses. Manufacturing of cars for racing competitions are a special creation of the industry.
The industry has advanced on account of certain factors. These are:
1. Development of iron and steel and other industries.
2. Improvement in the standard of living of the people.
3. Discovery, mining and availability of oil.
FOUNDER OF HYUNDAI --CHUNG JU-YUNG
Hyundai was a multinational chaebol headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction firm and Chung was directly in control of the company until his death in 2001.
Hyundai underwent a major restructuring and break-up following the 1997 East Asian financial crisis and Chung's death, and the rump Hyundai Group's business was reduced to container shipping services, the manufacturing of elevators and tourism. Today most companies bearing the name Hyundai are not legally connected to Hyundai Group, including Hyundai Motor Group, Hyundai Department Store Group, Hyundai Heavy Industries Group and Hyundai Development Company. However, most of the former subsidiaries of the Hyundai chaebol continue to be run by relatives of Chung. If these companies are considered as forming a broad family business, then it remains the single largest company in South Korea, with enormous economic and political power in the country.
Hyundai
In 1946, after the liberation of Korea from Japanese control, Chung started Hyundai and Hyundai Civil Industries in anticipation of the post-war reconstruction and industrialization. Chung won major government contracts and became responsible for building much of South Korea's transportation infrastructure, including the Soyang Dam in 1967, the Gyeongbu Expressway in 1970, the world's largest shipyard in Ulsan, the Kori Nuclear Power Plant and many others. Chung also won contracts from the American military to build facilities for their personnel as his younger brother could speak English and was on good terms with the U.S. Army engineers.
During the North Korean invasion of 1950, Chung abandoned his construction projects and fled with his younger brother to Busan for safety. Chung continued to build onto the company by gathering any kind of work he could get from the U.N. forces & the Korean Ministry of Transportation.[1] Once Seoul was regained by U.N. forces, Chung reestablished the company and continued to gather more work from the Americans.
POPULAR HYUNDAI
One of the Elite Hyundai Dealerships in the country operating across Kerala covering the districts of Kozhikode, Malappuram, Ernakulam, Idukki, Kottayam, Alapuzha, Kollam and Thiruvananthapuram.
Objective at Popular Hyundai is to be a single window solution for all car buyers, be it buying, selling or servicing cars, or catering to your needs of finance, insurance, accessories etc., with the ultimate aim of providing the best car ownership experience for one and all. We have, to our best, provided all information about our products and services to help you in deciding the best product suiting your needs.
FINANCE DEPARTMENT
The finance department is the backbone of a company's operations and processes. It records operating transactions, analyzes them and prepares financial statements that inform top management, regulators and investors about a company's economic health. Finance employees also ensure that internal mechanisms and policies comply with regulatory standards, industry practices and human resources policies.
Finance departments are an integral part of an organization, providing the fuel to keep it moving forward. By communicating, managing money wisely and staying informed about available opportunities, finance departments can ensure a steady flow of funds into the organization.