Hyundai India may nudge out Korea
Financial Express Mumbai|October 09, 2023
GM plant near Pune could produce another million units per year
SWARAJ BAGGONKAR
Hyundai India may nudge out Korea

AFTER RECORDING ITS biggestever net profits since starting operations 27 year ago, followed by a lineup overhaul, Hyundai Motor India (HMIL) is now looking to spruce up its ranking in its parent's global pecking order to the number two spot. HMIL has shrunk the gap with its parent entity's sales in Korea this year compared to 2022. India is presently the third largest market for Hyundai globally behind the US and Korea but ahead of China.

Unsoo Kim, managing director and CEO, HMIL said, "India is the third biggest market for Hyundai globally. We want to be number 2 but it also depends on the Korean domestic market."

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