Business

Hyundai's Vision for India: A Deep Dive into Future Strategies and EV Expansion

Hyundai's Strategic Town Hall Meeting in Gurugram

Hyundai Motor India Limited (HMIL) recently hosted a significant town hall meeting at its headquarters in Gurugram. The event featured José Muñoz, president & CEO of Hyundai Motor Company (HMC), who shared insights into Hyundai's global vision and its growth trajectory in India.

Hyundai hosts town hall

Muñoz emphasized the importance of a customer-centric philosophy and the pursuit of quality and customer care for sustainable success. He highlighted HMIL's role as the second-largest passenger vehicle maker in India and its significance as the third-largest market in Hyundai's global operations.

Strengthening Hyundai's EV Portfolio in India

In alignment with Hyundai's global commitment to sustainable mobility, Muñoz outlined HMIL's plans to enhance its electric vehicle (EV) portfolio in India. With a global target to sell 2 million EVs by 2030, India is poised to play a crucial role in achieving this milestone. HMC's support for HMIL includes expanding its EV offerings and investing in necessary infrastructure.

Expanding Manufacturing Capabilities

The upcoming manufacturing facility in Talegaon, Maharashtra, is set to bolster HMIL's local manufacturing capabilities. This expansion is not only aimed at meeting domestic demand but also at positioning HMIL as a global manufacturing hub.