Hyundai Motor India Ltd Marks 29th Anniversary with Milestones and Future Plans
Key Ideas
- Hyundai Motor India Ltd celebrates its 29th anniversary, highlighting investments of over $6 billion and sales of 12.7 million units.
- The company plans to expand operations with a new manufacturing facility in Talegaon, Maharashtra, aiming for a production capacity of 1 million units annually by 2025.
- Hyundai's commitment to innovation, sustainability, and customer satisfaction underpins its global vision of 'Progress for Humanity.'
- The Hyundai NEXO Hydrogen Fuel Cell Electric Vehicle was flagged off to explore the viability of hydrogen fuel cell vehicles for mass use in India.
Hyundai Motor India Ltd (HMIL) commemorated its 29th anniversary by reflecting on key milestones achieved in its journey. With investments exceeding $6 billion in India, sales surpassing 12.7 million units, and exports of over 3.7 million vehicles to 150 countries, HMIL has significantly impacted the automotive sector. Noteworthy plans include setting up a new manufacturing facility in Talegaon, Maharashtra, to achieve an annual production capacity of 1 million units by 2025. The company allocated Rs 1,500 crore for modernizing its Chennai plant, emphasizing its commitment to innovation and growth. Unsoo Kim, the Managing Director of HMIL, reiterated the company's focus on smart mobility solutions, innovation, sustainability, and customer satisfaction, with a vision of 'Progress for Humanity.' Additionally, the Hyundai NEXO Hydrogen Fuel Cell Electric Vehicle was launched to explore the potential of hydrogen fuel cell vehicles for mass adoption in India, showcasing Hyundai's commitment to advancing sustainable mobility solutions. HMIL's contributions extend beyond business, as it has prioritized community welfare through the Hyundai Motor India Foundation, impacting over 2 million lives annually. As HMIL continues to enrich customer experiences and drive national progress, its dedication to innovation and community-driven initiatives remains central to its ethos.
Topics
India
Innovation
Sustainability
Customer Satisfaction
Automotive Sector
Community Welfare
Export Milestones
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