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Shah Report
CHAPTER-1
INTRODUCTION
Employee Retention
A distinction should be drawn between low-performing employees and top performers, and
efforts to retain employees should be targeted at valuable, contributing employees. Employee
Turnover is a sign of deeper issues that have not been resolved, which may include
low employee morale, absence of a clear career path, lack of recognition, poor employee-
manager relationships or many other issues. A lack of job satisfaction, and commitment to the
organization can also cause an employee to withdraw and begin looking for other
opportunities. Pay sometimes plays a smaller role in inducing turnover as is typically
believed.
In a business setting, the goal of employers is usually to decrease employee turnover, thereby
decreasing training costs, recruitment, costs and loss of talent and organizational knowledge.
By implementing lessons learned from key organizational behavior concepts, employers can
improve retention rates and decrease the associated costs of high turnover. Some employers
seek "positive turnover" whereby they aim to maintain only those employees whom they
consider to be high performers.
In today's environmental conscious behavior society, companies that are more responsible
towards environment and sustainability practices can attract and retain employees.
Employees like to be associated with companies that are environmentally friendly.
Human resource management (HRM or HR) is the strategic and coherent approach to the
effective and efficient management of people in a company or organization such that they
help their business gain a competitive advantage. It is designed to maximize employee
performance in service of an employer's strategic objectives. Human resource management is
primarily concerned with the management of people within organizations, focusing
on policies and systems. HR departments are responsible for overseeing employee-
benefits design, employee recruitment, training and development, performance appraisal,
and reward management, such as managing pay and employee benefits systems. HR also
concerns itself with organizational change and industrial relation, or the balancing of
organizational practices with requirements arising from collective bargaining and
governmental laws.
The overall purpose of human resource (HR) is to ensure that the organization can achieve
success through people. HR professionals manage the human capita of an organization and
focus on implementing policies and processes. They can specialize in finding, recruiting,
selecting, training, and developing employees, as well as maintaining employee relations or
benefits. Training and development professionals ensure that employees are trained and have
continuous development. This is done through training programs, performance evaluations,
and reward programs. Employee relations deal with the concerns of employees when
policies are broken, such as in cases involving harassment or discrimination. Managing
employee benefits includes developing compensation structures, parental leave programs,
discounts, and other benefits. On the other side of the field are HR generalists or business
partners.
These HR professionals could work in all areas or be labor relations representatives working
with unionized employees.
HR is a product of the human relations moments of the early 20th century when researchers
began documenting ways of creating business value through the strategic management of the
workforce. It was initially dominated by transactional work, such as payroll and benefits
administration, but due to globalization, company consolidation, technological advances, and
further research, HR as of 2015 focuses on strategic initiatives like mergers and
acquisitions, talent management, succession planning, industrial and labor relations,
and diversity and inclusion. In the current global work environment, most companies focus
on lowering employee turnover and on retaining the talent and knowledge held by their
workforce. New hiring not only entails a high cost but also increases the risk of a new
employee not being able to replace the position of the previous employee adequately. HR
departments strive to offer benefits that appeal to workers, thus reducing the risk of losing
employee commitment and psychological ownership.
1.4 LIMITATIONS
Scope Generalization: The study's findings may lack detailed information because it
did not specifically look at how employee retention varies across different parts of
the organization, such as different levels or departments.
Communication Bias: By focusing mainly on challenges in communication within
the hierarchy of the organization, the study may have missed considering issues in
communication between employees that don't follow a strict hierarchy.
Limited Sample Representativeness: The findings might not represent the entire
workforce accurately because the study relied on information from only a specific
number of employees.
Subjective Reporting: Since the study gathered information based on what employees
reported about themselves, there's a chance that the information may be influenced
by their personal feelings or perceptions. This could introduce inaccuracies into the
study's results.
Retention Strategy Omission: By focusing exclusively on certain retention
strategies, the study might have missed out on considering other effective
approaches. This
limitation could mean that the full range of methods for retaining employees was not
explored.
Short-Term Snapshot: The study looked at employee retention within a specific
timeframe. This limited perspective might not capture long-term trends or changes in
how employees decide to stay with the organization over time.
Neglect of External Influences: The study did not fully consider how external
factors, like economic conditions or industry trends, might impact employee
retention. This lack of consideration could limit the relevance of the study's findings
in different contexts.
Lack of Comparative Insight: The study did not compare the organization's employee
retention to industry benchmarks or similar organizations. This absence of
comparison makes it challenging to gauge how well the organization is doing
compared to industry standards.
METHODOLOGY:
In project management, methodology is the guiding force. It's the structured framework of
principles and practices that steers projects from concept to completion, ensuring efficiency,
consistency, and desired outcomes. It's the compass and blueprint in one, directing tasks,
managing risks, and delivering success.
RESEARCH METHODOLOGY:
Research methodology serves as the roadmap for effectively tackling research problems. It
embodies the scientific principles and practices underlying rigorous research. By studying the
specific steps and their rationale, researchers acquire the tools and understanding necessary to
navigate their investigations and confidently reach valid conclusions.
SAMPLE METHOD:
The study utilizes a non-probabilistic convenience sampling method to guarantee an adequate
sample size.
SAMPLE SIZE:
The sample size of the survey was 20 respondents.
PRIMARY DATA:
Primary data was collected through the structural questionnaire, which was interviewed by
the employees of Shah Hyundai.
SECONDARY DATA:
Secondary data is the information that already exist and the information is collected through
company profile, website, books, projects etc.
CHAPTER-2
LITERATURE REVIEW
THEORETICAL BACKGROUND
Employee retention is a process in which the employees are encouraged to remain with the
organization for the maximum period of time or until the completion of the project.
Employee retention is beneficial for the organization as well as the employee.
Employee retention involves five major things:
RELATIONSHIP
SUPPORT
GROWTH
ENVIRONMENT
COMPENSATION
RELATIONSHIP
Sometimes the relationship with the management and the peers become reason for an
employee to leave the organization. The is sometimes not able to provide an employee a
supportive work culture and environment in terms of personal or professional relationship.
There are times when an employee starts feeling bitterness towards the management or peers.
This bitterness could be due to many reasons. This decreases employee interest and he
becomes de-motivated. It leads to less satisfaction and eventually attrition.
A supportive work culture helps grow employee professionally and boots employee
satisfaction. To enhance good professionally relationship at work, the management should
keep the following points in mind.
Respect for the individual is the musts in the organization. One should feel that he is an asset
for the organization and proud for working in the organization.
Promote team work, not only among teams but in different departments as well. This will
induce competition as well as improve the relationship among colleagues.
The employee should know that the organization cares and hell show the same for the
organization. An employee-based culture may include decision making authority, availability
of resource, open door policy, etc.
Individual development:
Taking proper care of employee includes acknowledgement to the employee dreams and the
personal goals, create opportunities for their career growth by providing mentorship
programs, certification, educational courses, etc.
Induce loyalty:
Organization should be loyal as well as they should promote loyalty amongst the employees,
try to make the current employees stay instead of recruiting new one.
SUPPORT
Luck of support from management can’t sometime serve as a reason for employee retention.
Supervisor should support his subordinates in a way so that each one of them is a success.
Management should try to focus on his employees and support them not only in their difficult
times but also through the times of personal crisis. Management can support employee by
providing them recognition and appreciation. Employers can also provide valuable feedback
to employees and make feel valued to the organization.
The feedback from supervisor helps the employee to feel more responsible, confident and
empowered. Top management can also support its employees in their personal crisis by
providing personal loans during emergencies, childcare services, employee assistance
programs, counselling services, etc. Employers can also support their employee value into
employees. Thus, employers can support their employees in a number of ways as follows.
By providing feedback
By giving recognition and rewards
By counselling them
By providing emotional support
The importance factors in employee growth that an employee looks for them self are:
Work profile:
The work profile on which the employee is working should be in sync with his capabilities.
Employee should be trained and given chance to improve and enhance their skills. Many
employers fear that if the employees are well trained. They'll leave the organization for better
job. Organization should not limit the resource on which organizations success depends.
• Communications skills
• Technical skills
Need for such trainings can't be recognized from individual performance reviews, individual
meetings, employee satisfaction surveys and by being in constant touch with the employee.
COMPENSATION
Compensation constitutes the largest part of the employee retention process. The employees
always have high expectations regarding their compensation packages. Compensation
packages vary from industry to industry. So, an attractive compensation package plays a
critical role in retaining the employees.
Compensation includes salary and wages, bonuses, benefits, prerequisites, stock options,
bonuses, vacations, etc. While setting up the packages, the following components should be
kept in mind:
Salary and monthly wage: it is the biggest component of the compensation packages. It is
also the most common factor of comparison among employees. It includes.
• Basic wage
• Dearness allowance
Salary and wages represent the level of skill and experience an individual has. Time to time
increase in the salary and wages of employee should be done. And this increase should be
based on the employee's performance and his contribution to organization.
Bonus:
Economic benefits:
Long-term incentives:
Long term incentives stock option or stock grants. These incentives help retain employees in
the organization’s startup stage.
Health insurance:
Health insurance is a great benefit to the employees. It saves employee money as well as
gives them a peace of mind that they have somebody to take care of them in bad times. It
also shows the employee that the organization cares about the employee and its family.
After retirement:
It includes payments that an employee gets he retires like (employee provident fund)
Miscellaneous compensation:
It may include employee assistance programs like psychological counselling, legal assistance
etc), discounts on company products, use of a company cars, etc.
ORGANISATION ENVIRONMENT
It is not about managing retention. It is about managing people. If an organization manages
people well, employee retention will take care of itself. Organization should focus on
managing the work environment to make better use of the available human assets.
• Culture
• Values
• Company reputation
• Trust
• Risk taking
• Leading technologies
Learning environment:
Support environment:
Organization can provide support in the form of work-life balance. Work life balance
includes:
• Flexible hours
• Mentorship
• Vacation
• Wellnes
Work environment:
It includes efficient manager, supportive co-workers, challenging work, involvements in
decision-making, clarity of work and responsibility, and recognition.
Lack or absence of such environment pushes employees to look for new opportunities. The
environment should be such that the employee feels connected to the organization
in every respect.
Now that so much is being done by organization to retain its employee, why is retention so
important? Is it just to reduce the turnover cots? Well, the answer is a definite of retaining
employees but also the need to retain talented employee from getting poached.
The process of employee retention will benefit an organization on the following way:
When an employee terminates, the effect is felt throughout the organization. Co-workers are
often requiring to pick up the slack. The unspoken negativity often intensifies for the
remaining staff.
6 Regaining efficiency:
If an employee resigns, then good amount of time is lost in hiring a new employee and then
training him/her and his goes to the loss of the company directly which many a time goes
unnoticed. And even after this you cannot assure us of the same efficiency from the new
employee.
The basic practices which should be kept in mind in the employee retention strategies are:
2 empower the employees with the required authority to get the things done.
3 make employee realize that they are the most valuable asset of the
achievement.
• Low level.
• Medium level.
• High level.
• Wedding gifts
• Anniversary gifts
Providing benefits
• Legal insurance
Providing perks:
• On-site ATM
Financial planning
assistance
Parking
Parenting guide
Lactation rooms
Flexi timings
Fun at work
Assistance with tax calculations and submission of forms
Celebrate birthdays, anniversaries, retirements, promotions, etc
Holiday parties and holiday gift certification
Occasional parties like Diwali, Holi, Dusshera, etc
Organize picnics and trips for movies etc
Organize get together for watching football, hockey, cricket matches
Indoor games.
• Mentoring programs
• Vocational counselling
Provide an environment of trust: communication is the most important and effective way to
develop trust.
• Management communication
• Intranet and internet can be used as they provide 24 7 access to the information
Hire the right people from the beginning: employee retention is not a process that begins at
the end. The process of retention begins right from the start of the recruitment process.
The new joiners should fit with the organizations culture. The personality, leadership
characteristics of the candidate should be in sync with the culture of the hiring
organization.
Referral bonus should be given to the employees for successful hires. They are the
best source of networking.
Why employee leave often puzzles top management. Exit interview are an ideal way of
recording and analysing the factors that have led employees to leave the organization. They
allow an organization to understand the reason for leaving response to the asked questions.
So, an impartial person should be appointed with whom the employees feel comfortable in
expressing their opinions.
• Attraction and recruitment strategies enable selection of the right candidate for
each role/organization
CHAPTER-3
COMPANY PROFILE
Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan,
South Korea, which has an annual production capacity of 1.6 million units. The company
employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through
some 5,000 dealerships and showrooms.
History
The world's largest automobile manufacturing plant in Ulsan, South Korea, produces over
1.6 million vehicles annually.
1954, Hyundai exported the Pony to Canada, but not to the United States, because the pony
didn't pass emissions standards there. Canadian sales greatly exceeded expectations, and it
was at one point the top selling car on the Canadian market in 198, the one million, Hyundai
car was built.
in 1986, Hyundai began to sell cars in the United States, and the Excel was nominated
as*Best Product #10" by Fortune magazine, largely because of its affordability. The company
began 10 produce models with its own technology in 1988, beginning with the midsize
Sonata. In the spring of 1990, aggregate production of Hyundai automobiles reached the four
million marks. In 1991, the company succeeded in developing its first proprietary gasoline
engine, the four- cylinder Alpha, and also its own transmission, thus paving the way for
technological independence.
in 1996, Hyundai Motor India Limited was established with a production plant in
Irungattukottai near Chennai, India.!4)
In 1998, Hyundai began to overhaul its image in an attempt to establish itself as a world-class
brand. Chung Ju Yung transferred leadership of Hyundai Motor to his son, Chung Mong Koo,
in 1999. Hyundai's parent company, Hyundai Motor Group, invested heavily in the quality,
design, manufacturing, and long-term research of its vehicles. It added a 10-year or 100,000-
mile (160,000 km) warranty to cars sold in the United States and launched an aggressive
marketing campaign.
In 2004, Hyundai was ranked second in "initial quality" in a survey/study by J.D. Power and
Associates. Hyundai is now one of the top 100 most valuable brands worldwide Since 2002,
Hyundai has also been one of the worldwide official sponsors of the FIFA World Cup.
In 2006, the South Korean government initiated an investigation of Chung Mong Koo's
practices as head of Hyundai, suspecting him of corruption. On 28 April 2006, Chung was
arrested, and charged for embezzlement of 100 billion South Korean won (US$106 million).
As a result, Hyundai Vice Chairman and CEO, Kim Dong-jin, replaced him as head of the
company. On 30 September 2011, Yang Seung Suk announced his retirement as CEO of
Hyundai Motor Co. In the interim replacement period, Chung Mong-Koo and Kim Ewok-jo
will divide the duties of the CEO position.
Hyundai has six research and development centres, located in South Korea (here the United
States’ Fos), Germany, Japan and India. Additionally, a centre in California develops designs
for the united state.
Hyundai has made an app with augmented reality, showing users how to operate and maintain
vehicles.
Business
In 1998, after a shake-up in the South Korean auto industry caused by overambitious
expansion and the Asian financial crisis, Hyundai acquired the majority of rival Kia Motors.
In 2000, the company established a strategic alliance with Daimler Chrysler and severed its
partnership with the Hyundai Group. In 2001, the Daimler-Hyundai Truck Corporation was
formed. In 2004, however, DaimlerChrysler divested its interest in the company by selling its
10.5% stake for $900 million.
Hyundai has invested in manufacturing plants in North America, India, the Czech Republic,
Russia, China and Turkey as well as research and development centres in Europe, Asia, North
America and the Pacific Rim. In 2004, Hyundai Motor Company had $57.2 billion in sales in
South Korea making it the country's second largest corporation, or chaebol. Worldwide sales
in 2005 reached 2,533,695 units, an 11 percent increase over the previous year. In 2011,
Hyundai sold 4.05 million cars worldwide and the Hyundai Motor Group was the world's
fourth largest automaker behind GM, Volkswagen and Toyota. Hyundai vehicles are sold in
193 countries through some 5,000 dealerships.
Design emphasis
In 2006, Hyundai hired Thomas Berklee as head of the company's design centre in
Russelsheim, Germany. Berklee had previously worked for BMW, having designed the
BMW 3 Series (E46), and the BMW 6 Series (E63). Hyundai's current design philosophy is
known as Fluidic Sculpture, which is heavily inspired by nature.
Regional operation
North America
The Hyundai Genesis, named the 2009 North America Car of the Year.
The 6th Generation Hyundai Sonata was awarded ‘Top Safety Pick’ from
Insurance Institute for Highway Safety (IIHS) IN THE United State.
The Hyundai Elantra was crowned North America Car of the Year at the 2012
Detroit Auto Show.
The Hyundai Tiburon, also known as the Tuscany in South Korea and as the
Coupe in Great Britain. it was discontinued in 2008
The 2012 Hyundai Veloster is a compact 3-door sports car first produced in
2011 as a replacement for the discontinued Hyundai Tiburon
The Hyundai Tucson, also known as ix35 in Europe and Brazil from second
generation.
Hyundai Santa Fe was awarded the Top Pick by Consumer Reports in 2008
Hyundai Motor America began selling cars in the United States on 20 February 1986, with a
single model, the Hyundai Excel, which was offered in a variety of trims and body styles.
That year, Hyundai set a record of selling the most automobiles in its first year of business in
the United States compared to any other car brand; total sales in 1986 were 168.882.
Initially well received, the Excels faults soon became apparent; cost-cutting measures cause
reliability to suffer. With an increasingly poor reputation for quality, Hyundai sales
plummeted, and many dealerships either earned their profits on repairs or abandoned the
product at one point, Hyundai became the butt of many jokes (i.e.). Hyundai stands for
"Hope you understand nothing's driveable and inexpensive") and even made David
Letterman's Top Ten Hilarious Mischief Night Pranks to Play in Space: No.8 - Paste a
"Hyundai" logo on the main control panel.
In response, Hyundai began investing heavily in the quality, design, manufacturing, and long-
term research of its vehicles. It added a 10-year or 100,000-mile (160,000 km) powertrain
warranty (known as the Hyundai Advantage) to its vehicles sold in the United States. By
2004, sales had dramatically increased, and the reputation of Hyundai cars improved. In2004,
Hyundai tied with Honda for initial brand quality in a survey/study from J.D. Power and
Associates, for having 102 problems per 1000 vehicles. This made Hyundai second in the
industry, only behind Toyota, for initial vehicle quality. The company continued this tradition
by placing third overall in J.D. Power's 2006 Initial Quality Survey, behind only Porsche and
Lexus 30) Hyundai is ranked number 4 in World's Most Admired Companies under the motor
vehicles section of CNN, after BMW (Bayerische Motoren Werke), Volkswagen and Daimler
in 2011.
Hyundai continues to invest heavily in its American operations as its cars grow in popularity.
In 1990, Hyundai established the Hyundai Design Centre in Fountain Valley, California. The
centre moved to a new $30 million facility in Irvine, California in 2003, and was renamed the
Hyundai Kia Motors Design and Technical Centre. Besides the design studio, the facility also
housed Hyundai America Technical Centre, Inc. (HATCI, established in 1986), a subsidiary
responsible for all engineering activities in the U.S. for Hyundai. Hyundai America Technical
Centre moved to its new 200,000-square-foot (19,000 m'), $117 million headquarters in
Superior Township, Michigan (near Ann Arbor) in 2005. Later that same year, HATCI
announced that it would be expanding its technical operations in Michigan and hiring 600
additional engineers and other technical employees over a period of five years. The centre
also has employees in California and Alabama.
In 2003, Consumer Reports, based on complaints about 2002 model new cars that in general
are less than one year usage, ranked Hyundai's reliability tied with Honda's; however, J.D.
Power and Associates put Hyundai's 2002 vehicles below the industry average according to is
annual Initial Quality Survey, which looks at problems in the first 90 days of ownership.
In 2006, J.D. Power and Associates' quality ranking, overall, the Hyundai brand ranked 3rd,
just behind Porsche and Lexus, and beating longtime rival Toyota. But Hyundai's ranking fell
to twelfth in 2007. However, in 2009, Hyundai was the Highest Ranked Non-Premium
Nameplate in the J.D. Power and Associates Initial Quality Study.
In the 2007 Strategic Vision Total Quality Awards, Hyundai Motor leads the most vehicle
segments in Strategic Vision's Total Quality Index, measuring the ownership experience.
They attempt to measure more than just the number of problems per vehicle. Hyundai tops in
Strategic Vision Total Quality Awards. For the first time ever, Hyundai has risen to share the
position of having the most models leading a segment. three models with the top Total
Quality Index (TQI score in their segments, including the Hyundai Azera, Entourage, Santa
In 2007 at the New York International Auto Show, Hyundai unveiled its V8 rear-drive luxury
sedan called the Concept Genesis to be slotted above the Azera in the Hyundai line-up. This
Concept made is Amencan debut in mid-2008. The Genesis reintroduced rear-wheel drive to
tie Hyundai range following a long period of only producing front wheel drive cars in 207 the
Los Angeles International Auto Show, Hyundai unveiled is second rear-drive Concept car, he
Concept Genesis Coupe, will be Hyundai s fist sports car due to make is debut in early 2009.
In 208, Hyundai Santa Fe and Hyundai Elantra were awarded 2008 Consumer Reports” top
picks”. The magazine's annual ratings, based on road tests and predicted safety and reliability
se considered highly influential among consumers. The Hyundai Elantra was Consumer
Reports top-ranked 2008 vehicle among 19 other compacts and small family cars, beating out
the Honda Civic, Toyota Corolla and Toyota Prius. In 2008, at the North American
International Auto Show, the production version of the luxury performance-oriented Hyundai
Genesis sedan made its debut, dealerships will have the Genesis as soon as summer 2008. In
2008, at the New York International Auto Show, Hyundai debuted its production version of
the performance-oriented rear-drive Hyundai Genesis Coupe, slated to hit dealerships in early
2009.
On 6 January, Hyundai reported sales of December 2008 fell to 24,037, from 46,487 in
previous year and sales for the year dropped 14%, a day after the company launched Hyundai
Assurance' in order to spark sales amid tough economic conditions.
In 2009, Hyundai announced the five-door hatchback variant of the Elantra compact sedan
will carry the name Elantra Touring when it goes on sale in the spring as a 2009 model.
In 2009, the Hyundai Genesis luxury sedan was named 2009 North American Car of the
Year, the first for Hyundai. The Genesis has received a number of well-recognized
automobile awards worldwide. It also won the 2009 Canadian Car of the Year after winning
its category of Best New Luxury Car under $50,000.[45] The Hyundai's V8 Tau engine in the
Genesis, which develops 375 hp (280 kW) on premium fuel and 368 hp (274 kW) on regular
fuel, received 2009 Ward's 10 Best Engines award.
In 2009, 4 models from Hyundai and two from Kia, earned the Top Safety Award by the
Insurance Institute for Highway Safety (IIHS).
In 2010, a Consumer Reports reliability survey ranked Hyundai (including Kia) as the fourth-
best automaker. The ratings reflect the performance, comfort, utility and reliability of more
than 280 vehicles that the magazine recently tested.
In 2010, the Hyundai Equus made its North American debut at the North American
International Auto Show
In January 2012, the Hyundai Elantra was named the North American Car of the Year at the
North American International Auto Show, selling more than 200,000 cars since the model's
redesigned debut.
Canada
Mexico
Hyundai Motor México entered the Mexican market in 2014 with the Hyundai Grand i10, the
Hyundai Elantra, and the Hyundai ix35. Soon afterwards, the Hyundai Sonata joined the
lineup. Prior to the introduction of the Hyundai brand for non-commercial vehicles, Hyundai
passenger vehicles, light-duty cargo vans, and passenger vans were distributed by Chrysler de
México, branded as Dodge.
South America
Brazil
Hyundai has been a major presence in the Brazilian luxury car market for some time. In
October 2012, Hyundai launched a new small bi-fuel car, the HB20, designed specifically for
the Brazilian mass-market. This car, the first product of the new "Projeto HB" (Hyundai
Brazil), is built at a new Hyundai factory in Brazil, located in Piracicaba, São Paulo. The
HB20 is of very similar size to the Hyundai i20, launched in other parts of the world in
2008.
Hyundai vehicles have also been produced in Brazil at a plant located in Anápolis, Goiás.
Production here started with the HR model in 2007, and continued with the Tucson in 2010,
the HD78 truck in 2011, and the ix35 in 2013.
Asia
China
Unit sales and year-on-year rate in China. From March 2017, unit sales plummeted in
retaliation for the installation of THAAD.
Hyundai models sell well in China. Hyundai is currently working with its Chinese partner
Beijing Automobile Industry Holding Co. to develop an electric car for sale only in China. In
September 2011, it was announced that Korean celebrity Lee Min Ho, who is popular in
China, will promote Hyundai's new 'Veloster' in China.
Hyundai and its sister company, Kia, are losing market share because of their over-reliance
on sedans, poor brand images and local Chinese automakers compete with price competitive
SUVS.
Beijing Hyundai
A joint venture with Beijing Automotive Group, Beijing Hyundai Motor manufactures many
Hyundai vehicles, as well as a few models which are exclusive to the Chinese market. This
company sold 700,000 passenger cars in 2010. 855,995 car sales in 2012. Beijing Hyundai
has 3 assembly plants, each 300,000-unit annual capacity in NE Beijing outskirts. Beijing
Hyundai produces most of the taxies in Beijing of the year 2013.
Hawtai partnership
Between 2002-2010, Hawtai Motor made Chinese-market versions of the Hyundai Matrix,
the Hyundai Santa Fe and the Hyundai Terracan. The Santa Fe was the fifth most-purchased
SUV in China in 2010, and some of Hawtai's versions may greatly differ from those sold in
other markets.
Commercial vehicles
In October 2010, Hyundai signed agreement with Sichuan Nanjun Automobile on setting up
a commercial vehicle joint venture- Sichuan Hyundai Motor Co. Lt
India
Hyundai Motor India Limited is currently the second largest auto exporter from India. It is
making India the global manufacturing base for small cars.
Hyundai sells several models in India, the most popular being the Santro Xing, 110, Hyundai
BON and the i20. On 3 September 2013, Hyundai launched its much-awaited car, Grand i10
in petrol and diesel variants. Other models include the Getz, Accent, Elantra, second
generation Verna, Santa Fe and the Sonata Transform. Hyundai has two manufacturing plants
in India located at Sriperumbudur in the Indian state of Tamil Nadu. Both plants have a
combined annual capacity of 600,000 units. In the year 2007, Hyundai opened its R&D
facility in Hyderabad, employing now nearly 450 engineers from different parts of the
country. Hyundai Motor India Engineering (HMIE) gives technical & engineering support in
vehicle development and CAD & CAE support to Hyundai's main R&D centre in Namyang,
Korea. In mid2014, Hyundai launched Xcent, a sedan based on successful Grand i lO.
Recently, on 11 August 2014, Hyundai India Motor Limited launched the Elite i20 in petrol
and diesel variants.
In 2007, Hyundai started its support engineering centre with CAD/CAE teams in Hyderabad,
India. Hyundai expanded its engineering activities in India with Vehicle Engineering team
in2010. In 2011, Hyundai started its design activities at Hyderabad R&D Centre with Styling,
Digital Design & Skin CAD Teams and Packaging team. Indian engineers are heavily
involved in making of Indian vehicles like Grand i10, Elite i20 along with other Global cars.
In an, 2017, The Competition Commission of India imposed • 87 crore (S136 million) penalty
for unfair business practices with respect to providing discounts for cars.
JAPAN
Despite having growing sales worldwide, Hyundai struggled in Japan, having sold only 45,00
passenger cars from 2001 to 2009 Following an announcement on November 2009, Hunda
pulled their passenger car division out of the Japanese market and focused on their
commercial vehicle division instead. The company said that it is possible for them to come
back to Japan fully if market conditions continue to improve. Currently the only Hyundai
vehicle available in Japan is the Hyundai Universe bus.
The reason for Hyundai's failure in the car market was due to failure to recognize the value of
small cars due to parking spaces. Its marketing failure was based on using mid-size cars.
Philippines
Hyundai is currently the third top selling automotive brand in the country. Hyundai's Getz, i,
Accent, SantaFe, Sonata and Grand Starex were among the models which brought Hyundai to
the third spot. Hyundai almost doubled its sales in 2010 with 11,086 in 2009 to 20,712.
Turkey
in September 1997, Hyundai opened a manufacturing plant in Turkey, located in Izmit,
Kocaeli Province. The facility, named Hyundai Assan Otomotiv, was built as a 50-50% joint
venture between the Hyundai Motor Company and the Kibar Holding of Turkey, the first
stage investment raising to US$180 million. It currently has an annual production capacity of
125,000 units and it manufactured the Accent, the H-100, the Starex, the Matrix and
since2010, the 120. In May 2013 Hyundai Turkey Izmit plant capacity increased up to
200,000 units with 470 million Euro investment. The new i10 and i20 is planned to be
produced here.
Germany
Hyundai has been operating an R&D centre in Frankfurt, Germany since 1994, that has been
responsible for monitoring technology developments in Europe and designing and
engineering new cars for the European market. In September 2003, the company opened its
new European headquarters in Russelsheim, after an investment worth 50. The site became
the new location for the R&D centre and for the world rally team of the company.
CZECH REPUBLIC
on November 2008, Hyundai opened its European plant in Nosovice, Czech Republic, doing
an investment of over 1 billion euros and over two years of construction. The plant, ait
mainly manufactures the 30, x20, x35 for the European market, has an annual capacity of
300,00 cars. The new Hyundai plant is 90 kilometres north of Kia Motors' Zilina Plant in
Slovakia
RUSSIA
In Russia, the production of the Hyundai Accent, Sonata, Elantra and Santa Fe models has
been taking place at the Tag AZ plant, located in Taganrog, since 2001, in the form of
complete knock-down kits assembly. Since 2006, the factory has also been assembling the
Hyundai Porter, County, Aero Town and the HD 500 commercial vehicles. la June 2008,
Hyundai started the construction of a new manufacturing plant in Saint Petersburg with a
planned yearly capacity of 100,000 cars, that will eventually be increased to 200,000 units. It
GURUKUL DEGREE COLLEGE, 34 | P a g e
EMPLOYEE RETENTION WITH REFERENCE TO SHAH HYUNDAI KALABURGI
started mass production in January 2011, with two models: the Hyundai Solari’s and the Kia
Rio.
Africa
Southern Africa
In Botswana, the assembly of Hyundai Accent, Sonata, and Elantra models was undertaken
by the Motor Company of Botswana at their Gaborone plant, since February 1993, in the
form of complete knock-down kits. Almost all of the finished vehicles were exported across
Botswana's border to South Africa, where the vast majority of dealerships are situated.
Egypt
Hyundai cars are also manufactured in Egypt, the local manufacturer is the Ghabbour Group,
which is located in Cairo. They have a big model range and offers sports models of some car
models which are only offered on the Egypt market. Formerly, the company had assembled
vehicles such as the Verna.
Libya
Oceania
Australia
Hyundai sales increases Sharply ranking No, 4 position in Australia in 2012. No. 2 sales
maker without local plant.
New Zealand
A growing market for Hyundai's cars, sales in New Zealand were up 27% in late 2011,
compared
to 2010 sales.
The first pure electric car developed by Hyundai was the Sonata Electric Vehicle in
1991.The car started as a Sonata sedan-based model. Hyundai later produced electric vehicles
utilizing the Excel, Grace, Accent, Atos and Kia Sportage platforms.
Hyundai planned to have six electric vehicles available for testing by the end of 1992. The
company was using batteries from Ovonic Battery Company Inc. in Troy, MI. The Excel and
the Sonata were the two different models on which the electric vehicles were based. The
vehicles were scheduled to likely be tested in the United States and in Korea.
The new hybrid-electric FGV-1 was unveiled at the Seoul Motor Show in 1995. The car
featured full time electric drive technology. The 1995 Hyundai FGV-1 was the result of
Hyundai’s first experiments with hybrid propulsion systems in 1994.
The new hybrid electric Sonata made its debut at the Los Angeles International Auto Show in
November 2008. The car featured lithium polymer battery technology. The 2011 Hyundai
Sonata Hybrid sales in the U.S, began near the end of February 2011.
Hyundai began producing hybrid electric vehicles in 2009. The company is using Hybrid
Blue Drive, which includes lithium polymer batteries, as opposed to lithium-ion. The Avante
was the first vehicle to be produced. Other are the Santa Fe Hybrid, the Elantra, Sonata
Hybrid and the Hyundai i20, which will replace the Hyundai Getz.
Hyundai Elantra LPI Hybrid (or Avante in the local market) was launched in the South
Korean domestic market in July 2009. The Elantra LPI (Liquefied Petroleum Injected) is the
world's first hybrid electric vehicle to be powered by an internal combustion engine built to
run on liquefied petroleum gas (LPG) as a fuel. The Elantra PLI is a mild hybrid and the first
hybrid to adopt advanced lithium polymer (Li-Poly) batteries.
The Hyundai Blue Will plug-in hybrid has made its U.S. debut at the North American
International Auto Show in Detroit 2010.
At the 2010 Geneva Motor Show, Hyundai unveiled the I-flow, a concept car using a variant
of the BLUE-WILL hybrid system. The I-flow Concept uses a 1.7-liter twin-turbo diesel
engine along with electric batteries to achieve fuel economy of 3 litres per 100 kilometres (94
mpg imp; 78 mpg-us). Hyundai says a production car based on the in-flow's design will be in
production by 2011.The Hyundai Blue on is a subcompact five-door hatchback electric car
produced by Hyundai Motor Company. The prototype, an electric version of i10, was first
unveiled at the Frankfurt Motor Show in 2009. The pre-production testing model was
unveiled in Seoul in September 2010, when the first of 30 units were delivered to South
Korean government agencies for field testing. The carmaker planned to build 2,500 units by
the end of 2012. The Blue On is equipped with a LG 16.4 kWh lithium polymer (Li-Poly)
battery pack and charges in 6 hours with a 220 V power outlet and in 25 minutes to 80% with
three-phase electric power (in a 380 outlet). The maximum speed is 130 km/h (81 mph) and
0-100 km/h is achieved in13.1 seconds. According to Hyundai Motor Company, the total
investment to
develop the Blue On, its first production electric car, was around 40 billion won (US$34.3
million).
As of March 2014, cumulative global sales totalled 200 thousand hybrids, including both
Hyundai Motors and Kia Motors hybrid models.
Current
Sedans, hatchbacks and sports cars
• Accent/Verna
• Aslan
• Elantra/Avante/Lantra
• Eon
• i×20
• Grandeur/Azera/XG (Originally a joint project of Hyundai and Mitsubishi)
• i10/Grand ilO
• i20
• i30
• Hyundai 140
• Mistra (Joint project of BAG and Hyundai)
• Hyundai Sonata
• Veloster
• Xcent
Former
• Atos/Atoz/Santro
• Coupe/Tiburon/Tuscani
• Dynasty
• Excel
• Equus/Centennial (Originally a joint project of Hyundai and Mitsubishi)
• Scoupe
• Genesis
• Genesis Coupe
• Getz/Click/Getz Prime/TB
• 130/130cw//i30 Tourer/Elantra Touring
• Lavita/Matrix
• Marcia
• Pony
• Santamo (Rebadged Mitsubishi Chariot; originally produced by Hyundai
Precision Industry)
• Stellar
HYUNDAI EON
HYUNDAI ACCENT
HYUNDAI i20
HYUNDAI i40
HYUNDAI ELANTRA
HYUNDAI SONATA
HYUNDAI GRANDEUR
HYUNDAI GENESIS
HYUNDAI EQUUS
Former
• Entourage (Similar to the Kia Sedona)
HYUNDAI TUSCON
HYUNDAI STAREX
Commercial vehicles
• HM 1620 urban bus
• HM 1630 suburban bus
Concept car
• MY Scoupe Flexible Fuel Vehicle
• Sonata Electric Vehicle
Live Brilliant
The Live Brilliant global brand campaign started in 2012. That campaign will be an extension
of the "Modern Premium" way of thinking that Hyundai adopted as part of their new brand
direction. The goal was to seek to deliver the company's aspiration to make each and every
moment a customer spends with Hyundai a moment of happiness, filled with brilliant
memories.
Sports sponsorship
• Park United FC
Carlton Football Club
• Brisbane Lions
• Brisbane Broncos
• AS Cannes Volley-Ball
• Hyundai Hockey Helpers
• Rhys Millen
Popemobile
1. um 2015, the company: Santa Fe became the official Popemobile for Pope Francis of the
Catholic Church, who also used the vehicle for a visit to South Korea in August 2014, which
received international attention, along with the usage of the Kia Soul. The topless Sante Fe
replaces the prior bulletproof Mercedes-Benz.
Other sponsorships
• Academy Awards
• CNN Worldwide
• Hyundai Auto Club Philippines
Controversies
Inflated fuel economy numbers
After an investigation in 2012, the EPA found that 35% of all 2011-2013 Hyundai and Kia
vehicles had inflated fuel economy numbers; by as much as six miles per gallon. Currently,
Hyundai and Kia have started a reimbursement programme for the owners of the2011-2013
affected vehicles. Wrongly advertised engine and horsepower Several consumers complained
that the engine delivered with the Hyundai Veloster in Brazil was inferior to the one
advertised. Independent tests confirmed that it was not the same engine, and it
delivered only 121 CV (119 HP) instead of the advertised 140 CV (138 HP), with the car
earning derogatory nicknames like Slowster in the Brazilian market.
Marketing controversy
I April 2013, Hyundai Motors UK released a commercial depicting a man attempting to
commit suicide via carbon monoxide poisoning in an ix35, only to fail to do so because of the
vehicles non-toxic emissions. The advert, produced by Hyundais in-house agency to can
Worldwide, received widespread criticism for promoting suicide Blogger Holy Brock well
posted an open letter to Inn Ocean and Hyundai, reminding them that her father omitted
suicide in a similar manner. Hyundai has since taken down the video and issued a formal
apology.
INDUSTRIAL PROFILE
History of automobile industry- world scenario the word "car" is believed to originate from
the Latin word Carrus or Carrum ("wheeled vehicle"), or the Middle English word carre
(meaning cart, from Old North French). The first working steam-powered vehicle was
designed—and most likely built—by Ferdinand Verbiest, a Flemish member of a Jesuit
mission in China around 1672. It was a 65-cm-long scale-model toy for the Chinese Emperor
that was unable to carry a driver or a passenger.
The year 1886 is regarded as the birth year of the modern car. In that year, German inventor
Karl Benz built the Benz Patent-Motorwagen at the cost of 1000$ which is equivalent to
26000$ of 2015.
Bertha Benz, married to Karl, chose to publicize the Patent-Motorwagen in a unique manner:
She took the Patent-Motorwagen No.3, supposedly without her husband's knowledge, and
drove it on the first long-distance automobile road trip to demonstrate its feasibility. that trip
occurred in early August 1888, as the entrepreneurial lady took her sons Eugen and Richard,
fifteen and fourteen years old, respectively, on a ride from Mannheim through Heidelberg,
and Wiesloch (where she took on ligroinas a fuel at the city pharmacy, making it the first
filling station in history), to her maternal hometown of Pforzheim as well as being the driver,
Benz acted as mechanic on the drive, cleaning the carburettor with her hat pin and using a
garter to insulate a wire. She refuelled at the local pharmacy in Wiesloch. As the brakes wore
down, Benz asked a local shoemaker to nail leather on the brake blocks, thereby inventing
brake linings. After sending a telegram to her husband of her arrival in Pforzheim, she spent
the night at her mother's house and returned home three days later. The trip covered 194 km
(121 mi) in total.
In Germany, a parade of antique automobiles celebrates this historic trip of Bertha Benz
every two years. In 2008, the Bertha Benz Memorial Route was officially approved as a route
of industrial heritage of mankind, because it follows Bertha Benz's tracks of the world's first
long-distance journey by automobile in 1888.
Oldsmobile was a brand of American automobiles produced for most of its existence by
General Motors. Olds Motor Vehicle Co. was founded by Ransom E. Olds in 1897. In its
107- year history, it produced 35.2 million cars, including at least 14 million built at its
Lansing, Michigan factory.
One of the first cars that was accessible to the masses was the 1908 Model T, an American
car manufactured by the Ford Motor Company. Cars were rapidly adopted in the United
States of America, where they replaced
animal-drawn carriages and carts, but took much longer to be accepted in Western Europe
and other parts of the world. The large-scale, production-line manufacturing of affordable
cars was debuted by Ransom Olds in 1901 at his Oldsmobile factory located in Lansing,
Michigan and based upon stationary assembly line techniques pioneered by Marc Isambard
Brunel at the Portsmouth Block Mills, England, in 1802. The assembly line style of mass
production and interchangeable parts had been pioneered in the U.S. by Thomas Blanchard in
1821, at the Springfield Armory in Springfield, Massachusetts.[33] This concept was greatly
expanded by Henry Ford, beginning in 1913 with the world's first moving assembly line for
cars at the Highland Park Ford Plant.
Passenger Cars
• Hindustan Motors, Calcutta - technical collaboration with Morris Motors to manufacture
Morris Oxford models that would later become HM Ambassador.
• The 1949 Hindustan 10 built by Hindustan Motors under license from Morris Motors, UK
•-The Hindustan Ambassador dominated India's automotive market from the 1960s until
the mid-80s and was manufactured till 2014.
Premier Automobiles, Bombay - technical collaboration with Chrysler to manufacture
Dodge, Plymouth and Desoto models and with Fiat to manufacture the 1100D models which
would later with Premier Padmini range.
•Tata Motors, Poona, then known as TELCO - technical collaboration with Mercedes Benz
to manufacture medium to heavy commercial vehicles both Bus and Trucks.
•Ashok Motors, later Ashok Leyland, Madras - technical collaboration with Leyland
Motors to manufacture medium to heavy commercial vehicles both Bus and Trucks. Ashok
Motors also discontinued its Austin venture formed in 1948 to sell Austin A40 and retooled
the factory to make trucks and buses.
•Hindustan Motors - technical collaboration with General Motors to manufacture the
Bedford range of medium lorry and bus chassis.
Premier Automobiles - technical collaboration with Chrysler to manufacture the Dodge,
Fargo range of medium lorry, panel vans, mini-bus and bus chassis.
•Simpsons & Co, Madras part of Amalgamations group (TAFE Tractors)- technical
collaboration with Ford to manufacture medium lorry and bus chassis, but did not utilise
that option till 80's.
1970 to 1983
However, growth was relatively slow in the 1950s and 1960s, due to nationalization and the
license raj, hampered the growth of Indian private sector.
The beginning of the 1970s saw some growth potential and most of the collaboration license
agreements came to an end but with option to continue manufacturing with renewed
branding. Cars were still meant for the elite and Jeeps were largely used by government
organizations and some rural belts. In commercial vehicle segments some developments
were made by the end of the decade to cater improved goods movements. The two-wheeler
segment remained unchanged except for to increased sales in urban among middle class. But
more fillip was target towards farm tractors as India was embarking on a new Green
Revolution. More Russian and eastern bloc imports were done to increase the demand.
But after 1970, with restrictions on the import of vehicles set, the automotive industry started
to grow; but the growth was mainly driven by tractors, commercial vehicles and scooters.
Cars still remained a major luxury item. In the 1970s, price controls were finally lifted,
inserting a competitive element into the automobile market.[6] However, by the 1980s, the
automobile market was still dominated by Hindustan and Premier, who sold superannuated
products in fairly limited numbers.[7] During the eighties, a few competitors began to arrive
on the scene.
The OPEC oil crisis saw increase need to installing or redesign some vehicle to fit diesel
engines on medium commercial vehicle. Till early 70's Mahindra Jeeps were on Petrol and
Premier commercial vehicles had Petrol model options. The Défense sector too had most
trucks on Petrol engines.
1984 to 1992
Post-1992 liberalisation
Eventually multinational automakers, such as, Suzuki and Toyota of Japan and Hyundai of
South Korea, were allowed to invest in the Indian market, furthering the establishment of an
automotive industry in India.
Maruti Suzuki was the first, and the most successful of these new entries, and in part the
result of government policies to promote the automotive industry beginning in the 1980s. [7]
As India began to liberalize its automobile market in 1991, a number of foreign firms also
initiated joint ventures with existing Indian companies. The variety of options available to the
consumer began to multiply in the nineties, whereas before there had usually only been one
option in each price class. By 2000, there were 12 large automotive companies in the Indian
market, most of them offshoots of global companies.
Emission norms
In 2000, in tune with international standards to reduce vehicular pollution, the central
government unveiled standards titled "India 2000", with later, upgraded guidelines to be
known as Bharat stages. These standards are quite similar to the stringent European
standards, and have been implemented in a phased manner, with the latest upgrade being
implemented in 13 cities and, later, in the rest of the nation. Delhi (NCR), Mumbai, Kolkata,
Chennai, Bangalore, Hyderabad, Ahmedabad, Pune, Surat, Kanpur, Lucknow, Solapur, and
Agra are the 13 cities where Bharat Stage IV has been imposed while the rest of the nation
is still under Bharat Stage III.
Manufacturing facilities
The majority of India's car manufacturing industry is evenly divided into three "clusters".
Around Chennai is the southernmost and largest, with a 35% revenue share, accounting
for 60% of the country's automotive exports, and home of the India operations of Ford,
Hyundai, Renault, Mitsubishi, Nissan, BMW, Hindustan Motors, Daimler, Caparo, Mini, and
Datsun. Near Mumbai, Maharashtra, along the Chakan corridor near Pune, is the western
cluster, with a 33% share of the market. Audi, Volkswagen, and Skoda are located in
Aurangabad. Mahindra and Mahindra have an SUV and engine assembly plant at Nashik.
General Motors, Tata Motors, Mercedes Benz, Land Rover, Jaguar Cars, Fiat, and Force
Motors have assembly plants in the area. The northern cluster is around the National Capital
Region, and contributes 32%. Gurgaon and Manesar, in Haryana, are where the country's
largest car manufacturer, Maruti Suzuki, is based.
An emerging cluster is the state of Gujarat, with a manufacturing facility of General Motors
in Halol, and a facility for Tata Nano at their plant in Sanand. Ford, Maruti Suzuki, and
Peugeot-Citroen plants are also planned for Gujarat.
Kolkata with Hindustan Motors (inactive), Noida with Honda, and Bengaluru with Toyota are
other automotive manufacturing regions around the country. Current Trends in Indian
Automobile sector
proposed to set up a Rs 740 crore research and development fund for the sector in the 12th
five-year plan during 2012-17. The idea is to reduce the high cost of key imported.
components such as the battery and electric motor, and to develop such capabilities locally.
Market Size
Sales of passenger vehicles increased by 11.04 per cent to 242,060 units in April 2016 driven
by demand for utility vehicles. While sales of passenger cars went up by 1.87 per cent to
162,566 units in April 2016, those of utility vehicles grew by 43 per cent to 62,170 units.
Sales of commercial vehicles maintained its momentum on back of replacement demand and
grew by 17.36 per cent to 53,835 units.
The two-wheeler industry also performed well. While sales of scooters increased by 35.86
per cent to 468,368 units, the demand for motorcycles shot up by a strong 16.24 per cent to
1,024,926 units.
Investments
In order to keep up with the growing demand, several auto makers have started investing
heavily in various segments of the industry during the last few months. The industry has
attracted Foreign Direct Investment (FDI) worth US$ 14.32 billion during the period April
2000 to December 2015, according to data released by Department of Industrial Policy and
Promotion (DIPP).
Some of the major investments and developments in the automobile sector in India are as
follows:
•MV Agusta, the Italy-based premium motorcycle manufacturer, has entered India through an
exclusive partnership with Pune-based Kinetic group with the launch of three luxury bikes,
which will be sold through the ‘Moto royale’ chain in Pune.
•Sweden-based electric vehicle maker Clean Motion plans to invest US$ 10 million in
India over the next three years in order to expand operations including setting up of an
assembly unit for its Zee three-wheelers in the country.
•Isuzu Motors, the Japan-based utility vehicle manufacturer, has inaugurated its
Greenfield manufacturing unit in Sri City, Andhra Pradesh, at a cost of Rs 3,000 crore
(US$ 450.94
million).
•Japanese two-wheeler manufacturer Honda Motorcycle and Scooter India (HMSI) has
opened its fourth and world’s largest scooter plant in Gujarat, set up to initially produce
600,000 scooters per annum to be scaled up to 1.2 million scooters per annum by mid-
2016.
•American car maker Ford has unveiled its iconic Ford Mustang in India and will make its
debut in second quarter of FY2016 within the price band of Rs 45 lakh (US$ 66,146) and
Rs 50 lakh (US$ 73,496) in the Indian market.
•Nissan Motor Co. Ltd is in discussion with Government of India to bring electric and
hybrid technologies to India as the government plans to reduce air pollution caused by
vehicles.
•Global auto major Ford plans to manufacture in India two families of engines by 2017, a
2.2 litre diesel engine codenamed Panther, and a
1.2 litre petrol engine codenamed Dragon, which are expected to power 270,000 Ford
vehicles globally.
•The world’s largest air bag suppliers AutolivInc, Takata Corp, TRW Automotive Inc
and Toyoda Gousei Co are setting up plants and increasing capacity in India.
•General Motors plans to invest US$ 1 billion in India by 2020, mainly to increase the
capacity at the Talegaon plant in Maharashtra from 130,000 units a year to 220,000 by
2025.
•US-based car maker Chrysler has planned to invest Rs 3,500 crore (US$ 513.5 million)
in Maharashtra, to manufacture Jeep Grand Cherokee model.
•Mercedes Benz has decided to manufacture the GLA entry SUV in India. The company has
doubled its India assembly capacity to 20,000 units per annum.
•Germany-based luxury car maker BayerischeMotorenWerke AG’s (BMW) local unit
has announced to procure components from seven India-based auto parts makers.
•Mahindra Two Wheelers Limited (MTWL) acquired 51 per cent shares in France-
based Peugeot Motorcycles (PMTC).
Government Initiatives
The Government of India encourages foreign investment in the automobile sector and allows
100 per cent FDI under the automatic route.
Some of the major initiatives taken by the Government of India are:
•Mr. Nitin Gadkari, Minister of Road Transport, Highways & Shipping has announced
plans to set up a separate independent Department for Transport, comprising of experts
from the automobile sector to resolve issues such as those related to fuel technology, motor
body specifications and fuel emissions, apart from exports.
•Government of India aims to make automobiles manufacturing the main driver of ‘Make in
India’ initiative, as it expects passenger vehicles market to triple to 9.4 million units by
2026, as highlighted in the Auto Mission Plan (AMP) 2016-26.
•In the Union budget of 2015-16, the Government has announced to provide credit of
Rs 850,000 crore (US$ 124.71 billion) to farmers, which is expected to boost the
tractors segment sales.
•The Government plans to promote eco-friendly cars in the country i.e. CNG based vehicle,
hybrid vehicle, and electric vehicle and also made mandatory of 5 per cent ethanol
blending in petrol.
•The government has formulated a Scheme for Faster Adoption and Manufacturing
of Electric
and Hybrid Vehicles in India, under the National Electric Mobility
•Mission 2020 to encourage the progressive induction of reliable, affordable and
efficient electric and hybrid vehicles in the country.
•The Automobile Mission Plan (AMP) for the period 2006–2016, designed by
the government is aimed at accelerating and sustaining
growth in this sector. Also, the well-established Regulatory Framework under the Ministry of
Shipping, Road Transport and Highways, plays a part in providing a boost to this sector.
Road Ahead
India’s automotive industry is one of the most competitive in the world. It does not cover 100
per cent of technology or components required to make a car but it is giving a good 97 per
cent, as highlighted by Mr Vicent Cobee, Corporate Vice-President, Nissan Motor’s Datsun.
Leading auto maker Maruti Suzuki expects Indian passenger car market to reach four million
units by 2020, up from 1.97 million units in 2014-15.
The Indian automotive sector has the potential to generate up to US$ 300 billion in annual
revenue by 2026, create 65 million additional jobs and contribute over 12 per cent to India’s
Gross Domestic Product.
DATA ANALYSIS
Graph no.4.1
Graph showing qualification of the respondents.
EDUCATIONAL QUALIFICATIONS
5%
Graduate Undergraduate
Postgraduate
40%
55%
2. Age group
[A] 18-25 [B] 26-40 [C] 40-60
Graph no.4.2
Graph showing age of the respondents.
Series1Series2
15 75 10
3 15 2
18 - 25
A2 G6 - 4E0 GROUP 40 - 60
3. Gender?
[A] MALE [FEMALE]
DATA ANALYSIS
Female 4 20%
Total 20 100%
INTERPRETATION: The above table says that, 80% of employees Are males
and 20% of employees are females.
Graph no.4.3
Graph showing gender of the respondents.
GENDER
18
16
16
14
12
10
4 4
2
80% 20%
0
1 2
malefemale
4. Since how long you have been working with this organization?
[A] Less than 1 year [B] 1 to 5 years [C] 5 to 10 years [D] Above 10 years
Graph no.4.4
Graph showing working time period of the respondents.
16
14
working time period
70%
12
10
14
6 30%
4
6
2
0
0 0
less than 1 year 1 to 5 years 5 to 10 years above 10 years
Series1Series2
Good 15 75%
Average 1 5%
Poor 0 0
Total 20 100%
Graph no.4.5
Graph showing training/learning of the respondents.
75%
15
20%
4
5%
1 00%
EXCELLENT GOOD AVERAGE POOR
Series1Series2
Graph no.4.6
Graph showing overall job satisfaction of the respondents.
16
14
12
10
7. How well do your current job responsibilities match your skills and interests?
[A] Not at all well [B] Not very well [C] Neutral [D] Very well
Graph no.4.7
Graph showing job responsibility of the respondents
JOB RESPONSIBILITY
Series1Series2
18
16
14
12
10
2
Not at all well Not very well Neutral Very well
0
8. Do you feel your work is valuable and contributes to the company’s success?
[A] Yes [B] No
No 3 15%
Total 20 100%
Graph no.4.8
Graph showing work is valuable of the respondents
yesno
1
1
1 2
Effective 18 90%
Total 20 100%
0%
10%
90%
10. How often do you receive constructive feedback from your manager and colleagues?
[A] Not very frequently [B] Frequently [C] Very frequently
DATA ANALYSIS
INTERPRETATION: The above table says that, 10% of employees are not
very frequently and 80% of employees are frequently and 10%of employees are
very frequently.
FEEDBACK
Series1Series2
1
2
2
8
1
1
NOT VERY FREQUENTLY FREQUENTLY VERY FREQUENTLY
11. How well does your current workload and work wife balance meet your need?
[A] Not well balanced [B] Well balanced [C] Very well balanced
DATA ANALYSIS
INTERPRETATION: The above table shows that, 70% of employee are well
balanced and 30% of employee are very well balanced.
0%
30%
not well balanced well balanced
very well balanced
70%
12. Do you feel your compensation package is fair and competitive to similar roles in
the market?
[A] Yes [B] No
Total 20 100%
INTERPRETATION: The above table shows that, 75% of employee are yes
and 25% of employees are no.
COMPENSATION PACKAGE
yesno
1
1 2
13. Are there any additional benefits you could find valuable that are not
currently offered?
[A] Yes [B [ No
Table no. 4.13
Table showing additional benefits of the respondents
DATA ANALYSIS
No 8 40%
Total 20 100%
INTERPRETATION: The above table says that, 60% of employees are yes
and 40% of employees are no.
12
60% 40%
1 2
yesno
14. Dose the company offer opportunities for professional development and training?
[A] Yes [B] No
Table no. 4.14
Table showing opportunity for professional development of the
respondents
DATA ANALYSIS
No 7 35%
Total 20 100%
YesNo
1
1 2
15. Are you satisfied with the training program offered by the company?
[A] Yes [B] No
No 2 10%
Total 20 100%
TRINING PROGRAM
YESNO
1
1 2
16. How well you feel your collages treat each other and work together as team?
[A] Good [B] Bad [C] Excellent [D] Poor
Bad 1 5%
Excellent 7 35%
Poor 0 0
Total 20 100%
INTERPRETATION: The above table shows that, 60% of employees are good
and 5% of employees are bad and 35% of employees are excellent.
GoodBadExcellentPoor
17. How well do you think the current resource allocation strategies contribute
to employee Retention and overall organizational stability?
[A] Significantly Contributes [B] Moderately Contributes [C] Minimally Contributes
DATA ANALYSIS
Series1Series2
7
6
3
3
0
SIGNIFICANTLY MODERATELY MINIMALLY DOES NOT CONTRIBUTES
CONTRIBUTES CONTRIBUTES CONTRIBUTES
18. How open and transparent is the company’s communication from leadership?
[A] Not very transparent [B] Transparent [C] Very transparent [D] Neutral
DATA ANALYSIS
Transparent 9 45%
Very transparent 1 5%
10 50%
Neutral
Total 20 100%
CPMPANY'S COMMUNICATION
Series1Series2
1
9
5
4
5
0
19. Do you think that employee retention helps in the development of organization?
[A] Yes [B] No
Table no. 4.19
Table showing development of organization of the respondents
DATA ANALYSIS
No 1 5%
Total 20 100%
INTERPREATATION: The above table shows that 95% of employees are yes
and 5% of employees are no.
YESNO
5%
95%
20. How effective do you think the current employee development program are
in retaining employees and ensuring organizational stability?
[A] Highly Effective [B] Effective [C] Ineffective [D] Highly Ineffective
Table no. 4.20
Table showing employee development of the respondents
DATA ANALYSIS
Effective 15 75%
Ineffective 2 10%
0 0
Highly Ineffective
Total 20 100%
EMPLOYEE DEVELOPMENT
Series1Series2
1
3
2
7
1
0
HIGHLY EFFECTIVE EFFECTIVE INEFFECTIVE HIGHLY INEFFECTIVE
21. Does your management come forward to support when you are facing with
criticalsituation?
[A] Strongly disagree [B] Disagree [C] Neutral [D] Agree [E] Strongly agree
DATA ANALYSIS
Disagree 1 5%
Neutral 6 30%
Agree 13 65%
Strongly agree 0 0
Total 20 100%
Series1Series2
1
6
1
6
3
5
0
yesno
DATA ANALYSIS
5%
20%
40%
35%
InnovativeCollaborativeFriendlyEtc
[A] Bellow 10000 [B] 10000 – 15000 [C] 15000 – 25000 [D] 25000 – 30000
DATA ANALYSIS
SALARY
12
10
0
Below 10000 10000-15000 15000-25000 25000-30000
Series1Series2
DATA ANALYSIS
No 4 20%
Total 20 100%
INTERPRETATION: The above table shows that 80% of employees are yes
and 20% of employees are no.
yesno
26. Do you feel comfortable expressing your opinions and ideas in the work place?
[A] Yes [B] No
DATA ANALYSIS
INTERPERTATION: The above table says that 45% of employees are yes and
55% of employees are no.
1
9
5
4
YES NO
27. Would you like to plan your further career in the organization?
[A] Yes [B] NO
DATA ANALYSIS
No 5 25%
Total 20 100%
INTERPRETATION: The above tables says that, 75% of employees are yes
and 25% of employees are no.
FURTHER CAREER
yesno
28. Does your company pay more attention to incentive and perks offered to you?
[A] Yes [B] No
DATA ANALYSIS
No 12 60%
Total 20 100%
INTERPRETATION: The above table says that, 40% are yes and 60% of
employees are no.
yesno
FINDINGS
55% of employee are graduate and 40% of employee are undergraduate.
80% respondent were male and 20% were female working in the organization.
Most of the employee were satisfied with overall job at SHAH HYUNDAI.
The major current job responsibilities match your skills and interest were neutral.
85% employee feel their work is valuable and contributes to the company’s success.
80% of employee were receiving constructive feedback from manager and colleague.
70% of employee said that their current workload and work life is well balanced
to meet their needs.
The major respondents feel their comfortable package is fair and competitive to
similar roles in the market.
Most of the respondent given by employees that they feel their colleagues treat each
other and work together as team.
65% of employee respondents that they got good support while facing critical
situation.
SUGGESTIONS
CONCLUSION
From the Study it is clear that Employees of Shah Hyundai are satisfied with the
work environment, pay and perks. Its market share is steadily increasing in
Gulbarga's Car market. Future prospects for Hyundai Company are also lucrative in
India.
The dealership is professionally administered by Dealer Principal Anand Shah, who
is coming up with one more Hyundai Car Showroom in Bidar Shortly.
The affluence and desire for a car in Indian families is increasing scope
for Automobile Industry in general and Hyundai Motors in particular.
The study helped to closely observe the corporate culture, organizational
BIBLIOGRAPHY
3. Employee retention.com
ANNEXURE
Name:
Gender:
a) Male b) Female
Age:
Education qualifications:
a) Graduate
b) Undergraduate
c) Postgraduate
1. Since how long you have been working with this organization?
a) Less than 1 year
b) 1 to 5 years
c) 5 to 10 years
d) Above 10 years
2. How do you rate the training/ learning opportunities given by the organization?
a) Excellent
b) Good
c) Average
d) Poor
3. How satisfied are you with your overall job at Shah Hyundai?
a) Dissatisfied
b) Satisfied
c) Extremely satisfied
d) Neutral
4. How well do your current job responsibilities match your skills and interests?
a) Not at all well
b) Not very well
c) Neutral
d) Very well
5. Do you feel your work is valuable and contributes to the company’s success?
a) Yes
b) No
8. How well does your current workload and work wife balance meet your need?
a) Not well balanced
b) Well balanced
c) Very well balanced
9. Do you feel your compensation package is fair and competitive to similar roles in
themarket?
a) Yes
b) No
10. Are there any additional benefits you could find valuable that are not currently offered?
a) Yes
b) No
11. Dose the company offer opportunities for professional development and training?
a) Yes
b) No
12. Are you satisfied with the training program offered by the company?
a) Yes
b) No
13. How well you feel your collages treat each other and work together as team?
a) Good
b) Bad
c) Excellent
d) Poor
14. How well do you think the current resource allocation strategies contribute
to employee Retention and overall organizational stability?
a) Significantly Contributes
b) Moderately Contributes
c) Minimally Contributes
15. How open and transparent is the company’s communication from leadership?
a) Not very transparent
b) Transparent
c) Very transparent
d) Neutral
16. Do you think that employee retention helps in the development of organization?
a) Yes
b) No
17. How effective do you think the current employee development program are in
retaining employees and ensuring organizational stability?
a) Highly Effective
b) Effective
c) Ineffective
d) Highly Ineffective
18. Does your management come forward to support when you are facing with
criticalsituation?
a) Strongly disagree
b) Disagree
c) Neutral
d) Agree
e) Strongly agree
19. Do you feel information is shared openly and communication is encouraged?
a) Yes
b) No
20. How do you describe the overall company culture?
a) Innovative
b) Collaborative
c) Friendly
d) Etc.
21. What is your salary?
a) Bellow 10000
b) 10000 – 15000
c) 15000 – 25000
d) 25000 – 30000
22. Do you have rewards and recognition for your achievement?
a) Yes
b) No
23. Do you feel comfortable expressing your opinions and ideas in the work place?
a) Yes
b) No
24. Would you like to plan your further career in the organization
a) Yes
b) No
25. Does your company pay more attention to incentive and perks offered to you?
a) Yes
b) No
Any suggestions: