Hyundai India is a wholly owned subsidiary of the South Korean automobile manufacturer, Hyundai Motor Company. Hyundai is the 2nd largest car manufacturer in India after Maruti Suzuki. Hyundai Motors India Ltd. was established in the year 1996 and in September 1998, Hyundai launched it first model, Hyundai Santro in India. Entry of Hyundai into the Indian market ended the monopoly of Maruti Suzuki in the passenger car segment. Hyundai Santro was a huge success in India and within few months of its inception, Hyundai became the second largest car manufacturer in India. Hyundai India is headquartered in Chennai. The company has a state of the art production facility near Chennai and also a research and development facility in Hyderabad.
In India, Hyundai sells 18 models of cars which include hatchbacks, Sedans and SUVs. Hyundai Santro Xing with a price starting at Rs.277414 is the most popular Hyundai Car selling in India. Other Hyundai Car models sold in India are Hyundai i10 and i20, Hyundai Accent, Hyundai Verna, Hyundai Sonata and Hyundai Santa Fe. Hyundai has one of the strongest and most extensive sales and service network in India after Maruti Suzuki. Hyundai has over 396 dealers spread across 32 states and union territories in India.
Related news about Hyundai
Hyundai Motor, South Korea's top automaker, saw its operating profit fall 10.7 percent in the first quarter from a year earlier, a regulatory filing showed Thursday.
Passenger car major Hyundai Motor India Monday increased prices of all its models from Rs.575 to Rs.2,830.