Chung Eui-sun (left) shakes hands with Indian Prime Minister Narendra Modi at the prime minister’s residence in Delhi, India, on the 21st (local time). President Chung and Prime Minister Modi shared views on the development of India’s transportation industry and ways to pursue multilateral cooperation. Provided by Hyundai Motor Group”/>
Hyundai Motor Group President Chung Eui-sun (left) shakes hands with Indian Prime Minister Narendra Modi at the prime minister’s residence in Delhi, India, on the 21st (local time). President Chung and Prime Minister Modi shared views on the development of India’s transportation industry and ways to pursue multilateral cooperation. Provided by Hyundai Motor Group
Hyundai Motor Group Chairman Chung Eui-sun visited India and met Prime Minister Narendra Modi before the listing of Hyundai Motor Company India.
Hyundai Motor Group announced on the 22nd that President Chung met with Prime Minister Modi at the Prime Minister’s residence in Delhi, India on the 21st (local time) and discussed the direction of development the Indian mobility industry and ways to collaborate with Hyundai Motor Group. .
At this meeting, President Chung said, “Thanks to the interest and love of India, which has a long history and great culture, Hyundai Motor Group has been successfully operating in the country for more than 28 years ( since it entered India in 1996) and is one of the most dynamic cars in the world “We have established ourselves as the second largest automobile manufacturer in India , one of our markets,” he said. Currently, Hyundai Motor Company is second in market share in the Indian market, after Maruti Suzuki.
President Chung emphasized, “(Through existing special strategies, etc.), we will be a reliable partner in India’s ‘Make in India’ policy and the vision of ‘Big Sheet Bharat (Developed National -India) 2047’.”
Hyundai Motor Group plans to expand local production capacity, provide multiple product lines, apply new high-tech technologies, and create an electrification ecosystem in the Indian market, which has emerged as an economic powerhouse with a population of 1.4 billion and a major hub for mobility.
It currently operates Hyundai Motor Company’s 1st and 2nd plant in Chennai, India, and Kia Plant in Anantapur, and is currently building Hyundai Motors 3rd plant in Pune , Maharashtra, with the aim of completing it in the second half of next year. By using Hyundai Motor Company’s smart manufacturing system, it will be able to produce 170,000 units per year. It is planned to grow into a base with a total production capacity of 250,000 units by 2028. President Chung said, “The Pune plant will be a meaningful center for Hyundai Motor Company,” and invited Prime Minister Modi to the plant’s completion ceremony next year.
Chairman Chung announced that he would be actively involved in the Indian government’s policy to expand the distribution of electric vehicles. He said, “We will continue to launch electric vehicle (EV) models in India and will collaborate with the Indian government to contribute to building the EV ecosystem by establishing a charging network EV,” and added, “We will develop a global compact car by saying. ending the local development system at the Indian Institute of Technology.” “We will fulfill the role of a hub and expand excellent research and development (R&D) manpower,” he promised.
Chairman Chung said, “Hyundai Motor Group is transforming into a game changer in the automotive industry and a smart mobility solution company through portfolio diversification such as UAM and robotics,” and added, “We will create hydrogen ecosystem quickly and we get carbon. neutrality through SMR and clean energy.
2024-10-22 06:11:00
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