New Delhi: Hyundai Motor Group (the Group or HMG) Government Chair Euisun Chung visited India. He performed an in-depth evaluation and engaged in detailed discussions on Hyundai Motor Group’s mid to long-term methods in India on the new Hyundai Motor India Headquarter Delhi workplace in Gurugram.
Alongside Government Chair Chung, key executives from Hyundai Motor – together with Jaehoon Chang, the President and CEO of Hyundai Motor Firm, and Unsoo Kim, Managing Director and CEO of Hyundai Motor India – participated, along with 400 Hyundai Motor India workers.
For the primary time Government Chair Chung held a city corridor assembly exterior Korea, the corporate mentioned.
Amid the rising strategic significance of India, Government Chair Chung’s go to to the nation is aimed toward solidifying the Group’s place as a number one mobility supplier in India, whereas exploring numerous enterprise alternatives within the quickly evolving Indian market. The Group can be dedicated to fulfilling its social obligations via culturally attuned CSR and ESG actions, along with positioning itself as a sexy firm for Indian prospects, the corporate mentioned in a media launch.
For its 30th anniversary in 2026, Hyundai Motor India is growing its 2030 technique below the slogan ‘Innovator in Mobility and Past’. Kia India, which has additionally shortly grown into a significant Indian vehicle model, can be selling quantitative and qualitative progress via its ‘Kia 2.0’ technique.
EV lineup: The Hyundai Motor Group will broaden its EV lineup and create an EV ecosystem to speed up buyer uptake and broaden charging infrastructure.
The Group additionally plans to strengthen its EV management within the Indian EV market via its electrification technique.
Hyundai Motor India plans to unveil its first domestically produced EV in India subsequent 12 months and proactively reply to the expansion of the Indian EV market. Beginning with the mass manufacturing of its first electrical SUV mannequin on the Chennai plant on the finish of 2024, the corporate plans to additional produce 5 EV fashions by 2030.
“By round 2030, we count on to see a considerable growth within the EV market. In anticipation of this evolution, Hyundai is targeted on growing domestically tailor-made EVs aimed toward establishing us as a number one international EV model,” defined Government Chair Chung. “We additionally plan to proactively construct charging stations at strategic places – together with dealerships – to facilitate the adoption of EVs,” he added.
Pune plant: Hyundai Motor India will begin working its Pune plant within the second half of subsequent 12 months. Situated in Maharashtra, western India, the manufacturing facility was acquired from GM final 12 months. With the addition of the Chennai plant’s manufacturing capability of 824,000 models, Hyundai Motor could have an annual manufacturing capability of over a million models when mixed with the Pune plant.
City corridor assembly: Sharing a imaginative and prescient and strengthening belief forward of latest challenges
Greater than 3,000 workers additionally joined the city corridor assembly on-line, together with these at Hyundai Motor India headquarters in Gurugram, the Chennai Plant, Pune Plant, and every regional headquarters.
Government Chair Chung mentioned initially of the assembly, “Our customer-centric thoughts set is all the time on the coronary heart of our enterprise to boost what we will supply our prospects and to higher humanity.”
Government Chair Chung additionally targeted on India’s range, saying: “India is a various nation, and mixed with Hyundai Motor Group workers’ creativity and collaboration this may be our energy.”
Explaining the rationale that he advised the city corridor assembly in India, Government Chair Chung mentioned, “The success of those formidable initiatives by Hyundai Motor India is a testomony to the artistic and progressive efforts of our workers throughout the area.”
Extolling Hyundai Motor Group’s success within the Indian market, Government Chair Chung highlighted Hyundai Motor Group’s technological strengths in addition to the loyalty and belief of those that have chosen Hyundai for a few years.
“Hyundai introduced its experience in producing compact automobiles and superior expertise. The favorable situations of the Indian vehicle market mixed with Hyundai’s technological strengths led to synergistic outcomes,” added Government Chair Chung. “Nonetheless, above all else, the important thing components behind Hyundai’s success in India are the dedication of its workers, who’re among the many brightest minds globally and show profound integrity.”
Throughout the assembly, Government Chair Chung additionally emphasised the strategic significance of the Indian area.
“Hyundai Motor India has been pivotal in driving the expansion of the Hyundai Motor Group, having navigated via quite a few challenges together with the COVID19 pandemic, international financial crises, and provide chain disruptions as a result of semiconductor shortages. We take delight in constantly securing the second-largest market share on this vibrant market and can proceed to raise Hyundai as a premium model. India is among the many fastest-growing economies globally, and as this progress continues the strategic significance of Hyundai Motor India will solely improve. By leveraging our robust repute and aggressive high quality in India, we intention to broaden exports to neighbouring nations, making India the worldwide export hub to spice up our regional market competitiveness.”
