New Delhi: Hyundai Motor Group (the Group or HMG) Executive Chair Euisun Chung visited India. He conducted an in-depth review and engaged in detailed discussions on Hyundai Motor Group’s mid to long-term strategies in India at the new Hyundai Motor India Headquarter Delhi office in Gurugram.
Alongside Executive Chair Chung, key executives from Hyundai Motor – including Jaehoon Chang, the President and CEO of Hyundai Motor Company, and Unsoo Kim, Managing Director and CEO of Hyundai Motor India – participated, in addition to 400 Hyundai Motor India employees.
For the first time Executive Chair Chung held a town hall meeting outside Korea, the company said.
Amid the growing strategic importance of India, Executive Chair Chung’s visit to the country is aimed at solidifying the Group’s position as a leading mobility provider in India, while exploring various business opportunities in the rapidly evolving Indian market. The Group is also committed to fulfilling its social responsibilities through culturally attuned CSR and ESG activities, in addition to positioning itself as an attractive company for Indian customers, the company said in a media release.
For its 30th anniversary in 2026, Hyundai Motor India is developing its 2030 strategy under the slogan ‘Innovator in Mobility and Beyond’. Kia India, which has also quickly grown into a major Indian automobile brand, is also promoting quantitative and qualitative growth through its ‘Kia 2.0’ strategy.
EV lineup: The Hyundai Motor Group will expand its EV lineup and create an EV ecosystem to accelerate customer uptake and expand charging infrastructure.
The Group also plans to strengthen its EV leadership in the Indian EV market through its electrification strategy.
Hyundai Motor India plans to unveil its first locally produced EV in India next year and proactively respond to the growth of the Indian EV market. Starting with the mass production of its first electric SUV model at the Chennai plant at the end of 2024, the company plans to further produce five EV models by 2030.
“By around 2030, we expect to see a substantial expansion in the EV market. In anticipation of this evolution, Hyundai is focused on developing locally tailored EVs aimed at establishing us as a leading global EV brand,” explained Executive Chair Chung. “We also plan to proactively build charging stations at strategic locations – including dealerships – to facilitate the adoption of EVs,” he added.
Pune plant: Hyundai Motor India will start operating its Pune plant in the second half of next year. Located in Maharashtra, western India, the production facility was acquired from GM last year. With the addition of the Chennai plant’s production capacity of 824,000 units, Hyundai Motor will have an annual production capacity of over one million units when combined with the Pune plant.
Town hall meeting: Sharing a vision and strengthening trust ahead of new challenges
More than 3,000 employees also joined the town hall meeting online, including those at Hyundai Motor India headquarters in Gurugram, the Chennai Plant, Pune Plant, and each regional headquarters.
Executive Chair Chung said at the beginning of the meeting, “Our customer-centric mind set is always at the heart of our business to enhance what we can offer our customers and to better humanity.”
Executive Chair Chung also focused on India’s diversity, saying: “India is a diverse country, and combined with Hyundai Motor Group employees’ creativity and collaboration this can be our strength.”
Explaining the reason that he suggested the town hall meeting in India, Executive Chair Chung said, “The success of these ambitious initiatives by Hyundai Motor India is a testament to the creative and innovative efforts of our employees across the region.”
Extolling Hyundai Motor Group’s success in the Indian market, Executive Chair Chung highlighted Hyundai Motor Group’s technological strengths as well as the loyalty and trust of those who have chosen Hyundai for many years.
“Hyundai brought its expertise in producing compact cars and advanced technology. The favorable conditions of the Indian automobile market combined with Hyundai’s technological strengths led to synergistic results,” added Executive Chair Chung. “However, above all else, the key factors behind Hyundai’s success in India are the dedication of its employees, who are among the brightest minds globally and demonstrate profound integrity.”
During the meeting, Executive Chair Chung also emphasized the strategic importance of the Indian region.
“Hyundai Motor India has been pivotal in driving the growth of the Hyundai Motor Group, having navigated through numerous challenges including the COVID19 pandemic, global economic crises, and supply chain disruptions due to semiconductor shortages. We take pride in consistently securing the second-largest market share in this vibrant market and will continue to elevate Hyundai as a premium brand. India is among the fastest-growing economies globally, and as this growth continues the strategic importance of Hyundai Motor India will only increase. By leveraging our strong reputation and competitive quality in India, we aim to expand exports to neighbouring countries, making India the global export hub to boost our regional market competitiveness.”
