Hyundai Capital Company plans to enter India
Patience, the saying goes, is a high merit. The Indian car market has come a long way. We’ve seen so many brands - brands rise, brands fall, brands struggle and die and then even more brands being born. Now India is one of the fastest growing playgrounds of Global automakers. Hyundai is one of the most seriously working Korean automakers in India. As a profound effect Hyundai Capital Company, a sister concern of Hyundai Motors, is keen to enter the Indian car financing market.
Meanwhile, the Hyundai Capital Company is studying the Indian market very closely. Hyundai Motor India Ltd. (HMIL) started production in India in 1996. The company recently launched its compact car – the i10, which is being manufactured at its Chennai plant. i10 is the first Hyundai compact car made in India with 94 percent Indianization. The company also has plans to manufacture 2.2 lakh units of i10, out of which 1.2 lakh units will be sold in the domestic market. The rest would be exported to Latin America, Africa, and Italy.
However, there are certain policy guidelines in the country that put hindrances to the Korean company tapping the capital market in Kolkata. But the current scenario of Hyundai Motor India Ltd says India is definitely a market feast for Hyundai.
Meanwhile, the Hyundai Capital Company is studying the Indian market very closely. Hyundai Motor India Ltd. (HMIL) started production in India in 1996. The company recently launched its compact car – the i10, which is being manufactured at its Chennai plant. i10 is the first Hyundai compact car made in India with 94 percent Indianization. The company also has plans to manufacture 2.2 lakh units of i10, out of which 1.2 lakh units will be sold in the domestic market. The rest would be exported to Latin America, Africa, and Italy.
However, there are certain policy guidelines in the country that put hindrances to the Korean company tapping the capital market in Kolkata. But the current scenario of Hyundai Motor India Ltd says India is definitely a market feast for Hyundai.
Labels: Auto finance in India, Global players, Growth in Indian auto industry, Hyundai, Hyundai Capital Company, New i10 model
1 Comments:
Excellent write-up....
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