No, Hyundai is not an Indian company. This is fully owned subsidiary of the South Korean-based Hyundai Motor Company, Hyundai Motor India Ltd. As of 2022, it will have a 15% market share in India and a US$5.5 billion annual revenue, making it the second-largest automaker. After Maruti Suzuki, Hyundai has the second-largest market share in India.
The Hyundai Motor Company of South Korea established Hyundai Motor India Limited on May 6, 1996. The Hyundai brand was virtually unknown in India until Hyundai Motor Company joined the country’s auto industry in 1996. There were only a few major automakers in India at the time Hyundai entered the market in 1996: Maruti, Hindustan, Tata, Premier, and Mahindra. With the Cielo, Daewoo joined the Indian auto market just three years ago, whereas Opel, Ford, and Honda did so less than a year before.
About Hyundai
An entirely owned subsidiary of Hyundai Motor Company (HMC) is Hyundai Motor India Limited (HMIL). Since its founding, HMIL has been India’s top automotive exporter and the country’s first provider of smart mobility solutions. HMIL has a fully integrated in Chennai, cutting-edge manufacturing facility with quality, superior production, and testing capabilities.
A vital component of HMC’s international export hub is HMIL. Currently, it exports goods to about 85 nations on the continents of Africa, Latin America, the Middle East, Australia, and the Asia-Pacific region. HMIL currently has 583 dealers and over 1492 service sites around India to support its growth and expansion objectives. Hyundai has a contemporary, multi-million-dollar R&D facility in Hyderabad as part of its dedication to offering customers cutting-edge, world technology. The goal of the R&D centre is to become an industry leader in automotive engineering.
Summarized Table
| Is Hyundai an Indian Company? | No, Hyundai Motor Company is not an Indian company. |
| Headquarters | Seoul, South Korea |
| Industry | Automotive manufacturing |
| Founded | 1967 |
| Founder | Chung Ju-Yung |
| Key Products | Automobiles, including passenger cars, SUVs, and commercial vehicles |
| Global Presence | Hyundai operates globally and is a well-known brand in the automotive industry |
| Market Focus | Manufactures and sells vehicles to consumers and businesses worldwide |
| Notable Models | Hyundai Sonata, Hyundai Tucson, Hyundai Elantra, and others |
| Innovation | Known for innovation in vehicle design, safety, and technology |
| Manufacturing Locations | Hyundai has manufacturing facilities in various countries |
| Contribution to India | Hyundai has a significant presence in India’s automotive market with manufacturing plants and a range of popular models. |
Conclusion
Hyundai Motor Company is not an Indian company; it is a South Korean multinational automotive manufacturer.
Anantha Nageswaran is the chief editor and writer at TheBusinessBlaze.com. He specialises in business, finance, insurance, loan investment topics. With a strong background in business-finance and a passion for demystifying complex concepts, Anantha brings a unique perspective to his writing.
