Hyundai Eyes India as Key Export Hub

At the meeting, Chung shared his vision to nurture India as the group’s global export hub as Hyundai expands its business to Asia, the Middle East, and Africa…reports Asian Lite News

The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilise the country as a key export hub for the South Korean automaker, the group said on Thursday.

Over the past year, Hyundai Motor Group has announced new investment plans in India totalling approximately 5 trillion won ($3.75 billion), reflecting the group’s intent to better target one of the fastest growing major automotive markets in the world.

Euisun Chung, Hyundai Motor Group’s executive chair, visited the group’s Indian headquarters in Gurugram, Haryana on Tuesday and discussed medium- to long-term strategies for the Indian market with employees.

He also held a town hall with some 400 employees and shared his future visions. It marked the first time for Chung to hold a town hall with employees overseas, reports Yonhap news agency.

At the meeting, Chung shared his vision to nurture India as the group’s global export hub as Hyundai expands its business to Asia, the Middle East, and Africa.

He also highlighted customer trust, employees’ dedication, and technological expertise as key growth factors in India, while expressing pride in the group consistently achieving the second position in the Indian market share.

Regarding Hyundai’s electric vehicle (EV) business direction, Chung said Hyundai will “play an active role in electrification through specialised EV development for the Indian market” and envisioned the group leading India’s clean mobility sector by the time EV adoption becomes mainstream by 2030.

Hyundai Motor has long established India as one of its largest global production bases.

The company established its first Indian manufacturing plant in 1998 and a second one in 2008.

Meanwhile, automaker Hyundai Motor on Thursday launched the corporate edition of the ‘Grand i10 NIOS’ at an introductory price of Rs 6,93,200 in India.

The new vehicle comes available in seven colours — Atlas White, Typhoon Silver, Titan Grey, Teal Blue, Fiery Red, Spark Green, and the newly added Amazon Grey.

“The ‘corporate variant’ will offer peace of mind with affordable cost of ownership, backed by Hyundai Motor India’s robust warranty package and nationwide service backing,” Tarun Garg, COO, Hyundai Motor India, said in a statement.

According to the company, the new car offers best-in-class safety, including six airbags as standard and various features, including a 17.14 cm touchscreen display audio.

The Grand i10 NIOS comes powered by a 1.2-litre naturally aspirated petrol engine. It offers features like auto up-down for the driver window, rear AC vents, fast USB Type C charger, passenger vanity mirror, rear power outlet and others.

The 17.14 cm touchscreen infotainment system comes with four speakers with USB and Bluetooth connectivity.

For safety, the car offers various features such as a tyre pressure monitoring system, airbags, seat belt reminders, day and night inside rear-view mirror (IRVM), anti-lock braking system (ABS), central locking and impact sensing door unlock.

ALSO READ-Hyundai Champions ‘Mobility for All’ at Bharat Expo 2024


Leave a Reply

Your email address will not be published. Required fields are marked *