COMPANY OVERVIEW

Hyundai Motor India Limited manufactures and exports

passenger cars. The company markets its products through dealers
in India. The company was incorporated in 1996 and is based in
Chennai, India. Hyundai Motor India Limited operates as a
subsidiary of Hyundai Motor Co.
Plot H - 1 Sip Cot Industrial Park

Established in year 1996, Hyundai Motor India Ltd. is a sub division of the giant
South Korean multi national, the Hyundai Motor Company. It is Korea's top
automobile manufacturer, capturing the Indian market and giving a strong
competition to its rivals in the same segment. The company success story is
based on a profitable Indian - Korean partnership where Indian skills and
workmanship combine with Korean design and technology to produce one of the
best cars.
In the year 1997, its sales revenue had touched 8.24 billion. The Hyundai Santro
is giving tough competition to other segments and has been designed in India at
the integrated auto-manufacturing unit at Irrungattukatoi near Chennai. This plant
is capable of producing 1, 20,000 cars, 1, 30,000 engine and transmission
systems annually.

It is planned to invest another $1 billion in manufacturing more critical

components by the year 2001. Equipped with latest technology, machinery,
international quality press, body and paint shops all across the world, the
company has set more than 70 dealer workshops. The company has
incorporated state-of-the-art manufacturing plant near Chennai that tells about
some of the most developed production, quality and testing potentials in the
country.

According to a company release, the rise in production will help the company
increase its export destinations to 95 countries by the end of this year. Apart from
offering global technology products, Hyundai motors have also been appreciated
with the benchmark ISO 14001 certification for its sustainable environment
management practices. To cater with the differing and growing needs of the
market, company hopes to increase its presence in the Indian market with
coming up new models.
Hyundai Group
Hyundai Group is a South Korean conglomerate (Jaebeol) founded by Chung Ju-yung. The first company
in the group was founded in 1947 as a construction company. With government assistance, Chung and his
family members rapidly expanded into various industries, eventually becoming South Korea's biggest
chaebol. The company spun off many of its better known businesses after the 1997 Asian financial crisis,
including Hyundai Automotive Group, Hyundai Department Store Group, and Hyundai Heavy Industries
Group.
The Hyundai Group now focuses on elevators, container services, and tourism to Mount Kumgang. As of
March 2007, Hyundai Engineering and Construction is the main shareholder of Hyundai Merchant Marine,
which is the de-facto holding company of Hyundai Group.

History
• In 1947, Hyundai Togun (Hyundai Engineering and Construction), the initial
company of the Hyundai Group, was established by Chung Ju Yung. In 1950,
Hyundai Togun was renamed Hyundai Construction. In 1958, Keumkang
Company was established to make construction materials. In 1965, Hyundai
Construction begins its first overseas venture, a highway project in Thailand.
• In 1967, Hyundai Motors was established. In 1975, the group begins construction
on an integrated car factory and launches a new Korean vehicle.
• In 1973, the group's shipyard is incorporated as Hyundai Shipbuilding and Heavy
Industries, renamed Hyundai Heavy Industries in 1978.
• In 1976, Hyundai Corporation is established as a trading arm. The same year,
Asia Merchant Marine Co. established, later renamed Hyundai Merchant Marine.
• In 1977, Asan Foundation was established.
• In 1983, Hyundai Elevators and Hyundai Electronics were established.
• In 1986, Hyundai Research Institute was established.
• In 1988, Asian Sangsun was established, renamed Hyundai Logistics in 1992.
• During 1997 Asian financial crisis, Hyundai acquired Kia Motors and LG Semi-
Conductor.
• In 1998, Korea's economic crisis forced the group to begin restructuring efforts,
which include selling off subsidiaries and focusing on five core business areas.
Nevertheless, Hyundai began South Korean tourism to North Korea's
Kumgangsan. In 1999, Hyundai Asan was established to operating Kumgang
tourism, the Kaesong Industrial Complex, and other inter-Korean work.[2]
• In 2001, the founder Chung Ju-yung died, and the Hyundai Group conglomerate
continued to be dismantled.[3]
• In 2007, Hyundai Construction Equipment India Pvt. Ltd. established in India.
• In 2010, Hyundai Group was selected as a preferred bidder by creditors for the
acquisition of Hyundai Engineering & Construction.[4]