07-09-2017, 11:28 AM
Hyundai Motor India Ltd is a wholly owned subsidiary of the Hyundai Motor Company in India. It is the second largest automobile manufacturer in India. Hyundai Motor India Limited was formed on May 6, 1996 by the Hyundai Motor Company of South Korea. When Hyundai Motor Company entered the Indian car market in 1996, the Hyundai brand was almost unknown throughout India. During Hyundai's entry in 1996, there were only five major automakers in India, namely Maruti, Hindustan, Premier, Tata and Mahindra. Daewoo had entered the Indian car market with Cielo just three years earlier, while Ford, Opel and Honda had entered less than a year ago.
For more than a decade until Hyundai arrived, Maruti Suzuki had a close monopoly in the passenger car segment because Tata Motors and Mahindra and Mahindra were only utility and commercial vehicle manufacturers, while Hindustan and Premier built obsolete and non-competitive products. The first HMIL car, the Hyundai Santro was launched on September 23, 1998 and was a fugitive success. Within a few months of its inception HMIL became the second largest automobile manufacturer and the largest car exporter in India. Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC), South Korea and is the largest exporter of passenger cars and the second largest automaker in India. HMIL currently markets 10 models - Eon, Grand i10, Xcent, Elite i20, i20 Active, Verna, Elantra, Crete, Tucson and Santa Fe. HMC has established a research and development facility (HMIE) in the city cybernetics of Hyderabad.
For more than a decade until Hyundai arrived, Maruti Suzuki had a close monopoly in the passenger car segment because Tata Motors and Mahindra and Mahindra were only utility and commercial vehicle manufacturers, while Hindustan and Premier built obsolete and non-competitive products. The first HMIL car, the Hyundai Santro was launched on September 23, 1998 and was a fugitive success. Within a few months of its inception HMIL became the second largest automobile manufacturer and the largest car exporter in India. Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC), South Korea and is the largest exporter of passenger cars and the second largest automaker in India. HMIL currently markets 10 models - Eon, Grand i10, Xcent, Elite i20, i20 Active, Verna, Elantra, Crete, Tucson and Santa Fe. HMC has established a research and development facility (HMIE) in the city cybernetics of Hyderabad.