2024-04-25 09:31:07
Hyundai Motor Group Chairman Chung Eui-sun reviewed future growth strategies in India and communicated directly with employees.
On the 23rd (local time), Chairman Chung Eui-sun received business reports from Hyundai Motor Company and Kia Motors at the new Delhi headquarters of the Indian regional headquarters located in Gurgaon, Haryana, India, and discussed mid- to long-term strategies with executives and employees of both companies in the Indian region.
This is part of Hyundai Motor Company’s plan to share its vision and strengthen trust through horizontal and open communication with local Hyundai Motors employees ahead of new challenges such as establishing a mass production system for 1 million units in India and promoting electrification in earnest.
The town hall meeting proposed by Chairman Chung Eui-sun was held at the new headquarters of the India headquarters in Delhi, with executives including Hyundai Motor Company President Jang Jae-hoon, India Asia and Middle East region vice president Kim Un-soo, and about 400 executives and employees of Hyundai Motor Company’s India region headquarters in attendance.
This is the first time that Chairman Eui-sun Chung held a town hall meeting with local employees from overseas. Two town hall meetings were held in Korea. Last year, the group’s New Year’s party was held in the form of a town hall meeting.
The India town hall meeting began in a passionate atmosphere. Employees at Hyundai Motor Company’s India regional headquarters welcomed Chairman Chung Eui-sun and management with cheers and applause. Chairman Chung Eui-sun also shook hands with his employees and responded to the cheers. In addition to the employees who attended the site, about 3,000 employees from the Chennai plant, Pune plant, and each regional headquarters who were connected in real time via video loudly shouted for Hyundai Motors.
The town hall meeting was conducted with questions collected from employees across India and impromptu questions from the field. A variety of questions were asked, ranging from inquiries about business issues such as the vision for India, Hyundai Motor Company’s growth factors, and India’s electric vehicle business plan to topics related to Chairman Chung Eui-sun’s daily life. The time scheduled for one hour was extended by more than 30 minutes.
Regarding the reason for directly proposing the town hall meeting, Chairman Chung Eui-sun said, “I believe that the various projects that are being pursued very boldly and boldly in the Indian region are progressing smoothly thanks to the hard work of everyone here in a creative and innovative way.” “I wanted to meet you in person and hear your voices and communicate with you,” he said.
When asked about the success factors that led to remarkable growth in India, he cited the trust of Indian customers, the dedication of local employees, and Hyundai Motor Company’s technological prowess.
Chairman Chung responded, “This is a result that could not have been achieved without the support and love of the Indian people.” He added, “I believe that the favorable conditions of the Indian automobile market and Hyundai Motor Company’s expertise and technology in compact cars created a synergy effect that allowed us to create results.” .
Hyundai Motor Group is proactively responding to the growth of the Indian automobile market and taking a new leap forward as India’s leading mobility company.
First, expand production capacity. Hyundai Motor Company is working on a new factory project in Pune with a capacity of more than 200,000 units, and Kia Motors will also expand its production capacity to 431,000 units in the first half of this year.
The Pune plant, located in Maharashtra, India, was acquired from GM last year. By applying Hyundai Motor Company’s smart manufacturing system, facility improvements are being made to a base capable of producing more than 200,000 units.
When the Pune plant is completed in the second half of next year, Hyundai Motor Company will establish a production system of 1 million units centered around the Chennai plant (824,000 units) and the Pune plant. Including Kia, Hyundai Motor Group will have the capacity to produce about 1.5 million units in India. equipped.
Electrification is also in full swing to dominate the Indian electric vehicle market.
Hyundai Motor Company plans to introduce India’s first locally produced electric vehicle in the second half of this year. Starting with mass production of SUV (sports utility vehicle) electric vehicles at the Chennai plant at the end of this year, the company plans to introduce five electric vehicle models by 2030. By utilizing Hyundai Motor Company’s sales network base, the number of electric vehicle charging stations will be expanded to 485 by 2030.
Kia will also produce locally optimized compact electric vehicles starting in 2025 and sequentially supply various electric vehicle models. The construction of electric vehicle charging infrastructure is also underway.
Hyundai Motor Group has maintained solid growth for 28 years since Hyundai Motor Company entered the Indian market in 1996.
Hyundai Motor Company created a sensation in the Indian market by exceeding 500,000 units sold in 5 years (2004), the shortest period in the history of the Indian automobile industry. Cumulative sales reached 8.24 million units as of last year, reaching 1 million units in 2007 and 5 million units in 2017.
After its first sale in 2019, Kia also became a brand selling more than 200,000 units per year in a short period of time, driven by its SUV competitiveness.
Jeong Jin-su, Donga.com reporter [email protected]
2024-04-25 09:31:07