Cars were once merely a means of transportation in the past, until they evolved beyond their function to become unique lifespaces where our life experiences and emotions unfold. At Hyundai Motor, we seek to move beyond conventional thinking, by looking beyond the car and the individual driving it. Rather, we explore all the experiences and emotions that our car can offer. And because cars keep memories alive, Hyundai Motor values everyone's relationship with cars more than the car itself.
As a committed life partner, the Hyundai Motor brand embodies Modern Premium essence in all its products, and will strive to achieve the ambitious goal of becoming a brand that is trusted and loved by all. Modern Premium reflects our promise to bring unique premium experiences and values as a mass brand, and to instill a sense of pride in every customer.
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the largest passenger car exporter and the second-largest car manufacturer in India. HMIL's fully integrated state-of-the-art manufacturing plant near Chennai boasts advanced production, quality and testing capabilities. HMIL forms a critical part of HMC's global export hub. It currently exports to around 87 countries across Africa, Middle East, Latin America, Australia and the Asia Pacific. HMIL has been India's number one exporter for the last 12 years consecutively. In its commitment to provide customers with cutting-edge global technology, Hyundai has a modern multi-million dollar R&D facility in Hyderabad. The R&D center endeavours to be a center of excellence in automobile engineering.
It all started in the summer of 1996, when Hyundai Motor Company (HMC) established a 100 per cent subsidiary, the Hyundai Motor India Limited (HMIL), with an initial investment of more than USD 600 million, to manufacture cars in India. This was the time when Korea and Korean products were unknown to most of India. Moreover South Korea was facing a lull in their economy too. A strong belief and with a clear vision of making state-of-the-art cars, Hyundai Motor Corporation went ahead with their investment plans.
Hyundai Motor India Ltd firmed up domestic borrowing with banks, despite the fact that financial institutions were wary of lending to Korean companies given the then-prevailing market mood. With the finance in place, HMIL quickly readied itself for the launch of 'Santro ' which they achieved in a record 17 month in 1998. Two years later, by May 2000, the Chennai plant was producing 100,000 vehicles per year, and had captured 14 per cent of the Indian market. With two model vehicles in line, the Santro (999cc) and Accent (1,499cc), HMIL was on a roll! The cars together achieved almost 25% of the market during the first four months of 2000!.
Since then, Hyundai Motor India has always been the bellwether of automotive sales in its segments. The journey saw addition of a second production unit in the year 2008 thus increasing its capacity to 6,00,000 units, and rejuvenating the market with renewed confidence, despite challenges like rising fuel prices, increased interest rates, stiffer competition, economic recessions and so on
Realize the dream of mankind by creating a new future through ingenious thinking and continuously challenging new frontiers
Our core values are the guiding principles for employee behavior and decision-making that are essential to realize our management philosophy and vision. We live by our core values, and demonstrate it in every small activity that we do and deliver. It simply represents our style and way of doing things.