Hyundai Motor India Limited
was formed in 6 May 1996 by the Hyundai Motor Company
of South Korea
. When Hyundai Motor Company entered the Indian Automobile Market
in 1996 the Hyundai
brand was almost unknown throughout India. During the entry of Hyundai in 1996, there were only five major automobile manufacturers in India, i.e. MUL
had entered the Indian automobile market with Cielo
just three years back while Ford
had entered less than a year back.
For more than a decade till Hyundai arrived, Maruti Suzuki
had a complete dominance and monopoly
over the Passenger Cars segment because TELCO
were solely Utility and Commercial Vehicle Manufacturers.
HMIL's first car, the Hyundai Santro
was launched in 23 September 1998 and was a runaway success. Within a few months of its inception HMIL became the second largest automobile manufacturer and the largest automobile exporter in India.Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC), South Korea and is the largest passenger car exporter and the second largest car manufacturer in India. HMIL presently markets 6 models of passenger cars across segments. The A2 segment includes the Santro, i10 and the i20, the A3 segment includes the Accent and the Verna, the A5 segment includes the Sonata Transform and the SUV segment includes the Santa Fe.
HMILs manufacturing plant near Chennai claims to have the most advanced production, quality and testing capabilities in the country.
To cater to rising demand, HMIL commissioned its second plant in February 2008, which produces an additional 300,000 units per annum, raising HMILs total production capacity to 600,000 units per annum.
HMIL has set up a research and development facility in the cyber city of Hyderabad.
As HMCs global export hub for compact cars, HMIL is the first automotive company in India to achieve the export of 10 lakh cars in just over a decade. HMIL currently exports cars to more than 110 countries across EU, Africa, Middle East, Latin America, Asia and Australia. It has been the number one exporter of passenger car of the country for the sixth year in a row.
To support its growth and expansion plans, HMIL currently has a 307 strong dealer network and 627 strong service points across India, which will see further expansion in 2010.
The Hyundai i10
is exclusivley manufactured only by HMIL.
The Hyundai i20
is manufactured only by HMIL and is exported worldwide through India.
HMIL has two manufacturing plants in Sriperumbudur
, Tamil Nadu
capable of producing 600,000 vehicles annually.