YK Koo is the Managing Director and CEO of Hyundai Motor India since November 2015. Amidst the ongoing celebrations marking 20 years of Hyundai India, Koo speaks to Ashish Sinha on the future of India’s secondlargest carmaker. Excerpts:
Many congratulations for completing two decades in India. Tell us about the future plans. What can we expect in the next 2-3 years?
We are happy with our 20-year successful journey in India. Now, we are looking ahead at the next 20 years. Till 2020, we are targeting to launch 8 new products, a power train, and related infrastructure that will entail a combined investment of $1 billion. We are looking at launching a new compact SUV by April next year. Our plant at Sriperumbudur (near Chennai) is ready for the future and we plan to meet the safety and emission norms in advance, even before the mandatory industry implementation in 2019.
For our Chennai plant, we have adopted futuristic technologies to produce vehicles. We recently achieved a new milestone by becoming the fastest Indian automobile manufac turer to roll out 8 million cars in 19 years and nine months. We’re currently producing 75 percent for the domestic market and 25 percent for the export market. In the next three years or so, we hope that domestic sales will account for 80 per cent of our production.
There is talk that AH2, the small car, will be the new Santro. Tell us how AH2 differs from the Santro and what will it finally be called?
هذه القصة مأخوذة من طبعة August 18, 2018 من Businessworld.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 18, 2018 من Businessworld.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
