Will make India our global export hub: Hyundai Motor chief

The head of Hyundai Motor Group recently visited India and laid out a vision to use the country as a major export hub for the South Korean automaker to expand its operations there, the group said on Thursday.

Over the past year, Hyundai Motor Group has announced new investment plans worth approximately 5 trillion won ($3.75 billion) in India, part of the group’s efforts to better target one of the world’s fastest-growing major automotive markets. Reflects intention.

Hyundai Motor Group Executive Chairman Euisun Chung on Tuesday visited the group’s Indian headquarters in Gurugram, Haryana and discussed medium to long-term strategies for the Indian market with employees.

They also held a town hall with approximately 400 employees and shared their vision for the future. It is the first time for Chung to hold a town hall with employees abroad, Yonhap news agency reported.

At the meeting, Chung shared his vision of developing India as the group’s global export hub as Hyundai expands its business in Asia, the Middle East and Africa.

He also highlighted customer trust, employee dedication and technical expertise as key growth factors in India, while expressing pride in the Group achieving the second consecutive position in Indian market share.

Regarding Hyundai’s electric vehicle (EV) business direction, Chung said Hyundai will “play an active role in electrification through exclusive EV development for the Indian market” and that the group will lead India’s clean mobility sector until EV adoption becomes mainstream by 2030. Imagines to lead.

Hyundai Motor has long established India as one of its largest global production bases.

The company set up its first Indian manufacturing plant in 1998 and its second in 2008.