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Within a few months of its inception, HMIL became India's second-largest automobile manufacturer and the largest automobile exporter. Hyundai Motor India Limited (HMIL) is a wholly-owned subsidiary of Hyundai Motor Company (HMC), South Korea and is the second largest passenger car exporter and the second largest car manufacturer in India. [5]
Hyundai's manufacturing plant at Irungattukottai near Chennai, India. Formed in May 1996, Hyundai Motor India Limited (HMIL) started its operations producing its first model in September 1998, the Santro. HMIL is the global export hub for compact cars for emerging markets.
In 1996, Hyundai Motor India Limited was established with a production plant in Irungattukottai near Chennai, India. [21] 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. [22]
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On 17 June 2024, Hyundai Motor India announced its commencement of an initial public offering (IPO) process to list on the Mumbai-based Bombay Stock Exchange. [ 11 ] [ 12 ] Hyundai Motor Group announced plans to invest a record $16.7 billion in South Korea in 2024, focusing on green technologies and future mobility, marking its largest annual ...
In 2007, Hyundai Construction Equipment India Pvt. Ltd. was established in India. [citation needed] In 2010, Hyundai Group was selected as a preferred bidder by creditors for the acquisition of Hyundai Engineering & Construction. [15]
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Based on the Hyundai Grand i10, the Xcent is a sedan manufactured by Hyundai Motor India Limited in Chennai. [1] [2] The Xcent was launched on 12 March 2014, being conceived to fit in the popular sub-4 metre sedan segment in India which emerged after the government imposed larger tax for cars longer than 4,000 mm (157.5 in) in length.
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