Hyundai Motor India Limited

Hyundai Motor India Limited

Company limited by shares (1) 5329+ employees

Hyundai Motor India Limited Description

Hyundai Motor India Ltd was established in the year 1996 and has its headquarters in Chennai. It is the second largest automobile manufacturer in the country. It was formed by Hyundai Motor Company of South Korea. The company manufactures passenger cars and light trucks. They also export their cars across the globe. The company has entered the automobile market in the country and was completely unknown throughout the country. At the time of their entry, there were only five major automobile manufacturers in the nation that are: Maruti, Hindustan, Premier, TATA and Mahindra. At that time Maruti Suzuki had nearly monopoly in the passenger cars segment as TATA Motors and Mahindra & Mahindra were into utility and commercial vehicle manufacturers whereas Hindustan and Premier were both built outdated and uncompetitive products. The company has two manufacturing facilities in Chennai. They believe that they have the most advanced production, quality and testing capabilities in the nation. The company developed Hyundai Motor India Engineering in the year 2006 and started contributing to the development of Hyundai Motors new car models for the national market. The other research and development centres situated across the globe are in United States, Japan, Korea., Germany and China. The current models that are being manufactured are: Hyundai Eon, Grand i10, Xcent, Elite i20, I20 Active, Elantra, Creta and 3rd Gen-Verna. Shahrukh Khan is on board as their brand ambassador and has also won the "Brand ambassador of the year" award for Hyundai i10 at NDTV Profit car and bike awards. The company has recently won the award for Indian Car of the year for Hyundai Verna in 2017.

Hyundai Motor India Limited Overview

INDIA HO
Sriperumbudur Taluk
COMPANY SIZE
5329+ employees
CIN
U29309TN1996PLC035377
TYPE
Public
CATEGORY
Company limited by shares
SUB-CATEGORY
Indian Non-Government Company
WEBSITE
www.hyundai.com
EMAIL
secretarial@hmil.net
FOUNDED
06 May,1996
PAID-UP CAPITAL
8,125,411,000
AUTHORISED CAPITAL
14,000,000,000
94 Related Suppliers
1 No. of plants

Company Breakup

Name share
Bodies Corporate
100.00%
Total Number Of Shareholders 1

Hyundai Motor India Limited in News

02 Aug 2021

India's jobless rate drops to four-month low as coronavirus ebbs

India’s jobless rate fell to the lowest level in four months in July, adding to signs of a nascent recovery in the economy where sales tax collections and demand for some commodities have signaled a rebound. The unemployment rate dropped to 6.95% last month from 9.17% the previous month, according to latest data from private research firm Centre for Monitoring Indian Economy Pvt.

02 Aug 2021

Passenger vehicle sales soar 47 per cent in July

Industry estimates that carmakers dispatched around 290,000 passenger vehicles last month, up from 197,791 units in July 2020. Automakers in India report wholesale dispatches from factories and not retail sales made by dealers.

30 Jul 2021

LG Chem profit surges on pandemic demand, EV battery sales improve

The company's LG Energy Solution business, a supplier of batteries used in EVs made by General Motors Co and Tesla Inc, has thrived on growing demand for such cars in Europe and the United States. But analysts have said a months-long chip shortage that hit global auto production has recently weighed on LG Chem's profit.

30 Jul 2021

Exports poised to see major growth in FY22: India Ratings

“A glance at the FY21 data suggests that some of the major export destinations for India’s top 10 major commodities are also the regions which are expected to witness strong import growth in 2021,” the ratings agency said.

27 Jul 2021

Hyundai opens new corporate HQ in Gurugram

The company says that the mega office is a green complex with open spaces with a massive vertical garden at the atrium and 14 EV chargers installed in the parking lot. The building is earthquake five-zone compliant too.

21 Jul 2021

Hyderabad: Luxury car seized in smuggling racket

The Directorate of Revenue Intelligence (Mumbai wing) seized a Nissan Patrol SUV worth around Rs 1 crore from Malakpet in connection with a luxury car smuggling racket using diplomatic privileges to evade customs duty. The vehicle was registered in Manipur in the name of a realtor from Malakpet.

Directors of Hyundai Motor India Limited

Name DIN Email Designation Date of joining
Gang Hyun Seo Unlock to View Unlock to View Additional Director 16 Jun,2021
Kuen Han Yi Unlock to View Unlock to View Additional Director 04 Feb,2021
Tarun Garg Unlock to View Unlock to View Wholetime Director 24 Aug,2020
Shanmuga Sundaram Ganeshmani Unlock to View Unlock to View Wholetime Director 24 Aug,2020
Jong Hoon Lee Unlock to View Unlock to View Wholetime Director 09 Apr,2019
Woongsik Oh Unlock to View Unlock to View Wholetime Director 09 Apr,2019
Seonseob Kim Unlock to View Unlock to View Managing Director 21 Jan,2019
Kyung Hee Jung Unlock to View Unlock to View Director 06 Dec,2018
Choon Hang Park Unlock to View Unlock to View Wholetime Director 24 Sep,2018

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