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The document provides an overview of Hyundai Motors, including:
1) Hyundai Motors is a South Korean automaker and the world's fifth largest automaker based in Seoul. It operates the world's largest car manufacturing plant.
2) Hyundai has strengths like strong brand equity in India, a wide range of vehicles, and a large dealership network. However, it faces weaknesses such as higher spare parts prices and opportunities to enter new vehicle segments in India.
3) Threats include increasing competition from other automakers entering the Indian market and focusing on the small car segment.
The document provides an overview of Hyundai Motors, including:
1) Hyundai Motors is a South Korean automaker and the world's fifth largest automaker based in Seoul. It operates the world's largest car manufacturing plant.
2) Hyundai has strengths like strong brand equity in India, a wide range of vehicles, and a large dealership network. However, it faces weaknesses such as higher spare parts prices and opportunities to enter new vehicle segments in India.
3) Threats include increasing competition from other automakers entering the Indian market and focusing on the small car segment.
The document provides an overview of Hyundai Motors, including:
1) Hyundai Motors is a South Korean automaker and the world's fifth largest automaker based in Seoul. It operates the world's largest car manufacturing plant.
2) Hyundai has strengths like strong brand equity in India, a wide range of vehicles, and a large dealership network. However, it faces weaknesses such as higher spare parts prices and opportunities to enter new vehicle segments in India.
3) Threats include increasing competition from other automakers entering the Indian market and focusing on the small car segment.
Prepare By- -AMARNATH BABAR. -ADITYA KUMAR. -RIJWAN SHAIKH. Company Profile
The Hyundai Motor Company is a South Korean
multinational automotive manufacturer headquartered in Seoul, South Korea. The company was founded in 1967 and, along with its 32.8% owned subsidiary, Kia Motors, together comprise the Hyundai Motor Group, which is the world's fifth largest automaker based on annual vehicle sales in 2013. Hyundai is currently the fourth largest vehicle manufacturer in the world. Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea, which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms. Hyundai has 6 centres worldwide, located in Korea (three offices), Germany, Japan and India. Additionally, there is an American design centre in California that develops designs for US markets Strengths of Hyundai Motors Hyundai India has such a brand equity that it is almost assumed to be an Indian brand, with lot of good accolades for being India’s second most selling brand next to MUL in market share. The product length includes around 8 cars, starting from new Eon in small car segment to SUV segment Santa Fe. Hyundai products never fail to win laurels in each segment from various automobile ratings ever since its operations in India Hyundai , has the largest network of showrooms and service station next to Maruti in India An article in Economic times quoted that “Hyundai Eon launched , treads on Alto territory” indicated that Eon will act as a threat to reduction in Alto’s market share. Weakness of Hyundai Motors
Spare parts of Hyundai vehicles are comparatively
priced higher and spare parts do not have PAN India presence. Increase in commodity prices such as steel, aluminium and ancillary parts has affected margins. Hyundai doesn’t have any product match to compete in Corporate orders like Tata Indica eV2, Tata Sumo, Tata Indigo, Chevy Tavera, Ford Fiesta etc. These vehicles are most preferred in both cab segment and government booking for bulk orders Opportunities of Hyundai Motors There is more scope of HMIL to enter into small car segment as its has dedicated R&D plant in Hyderabad, India. Hyundai is one of the very few companies that has widest R&D network across the world located in Korea, Europe, India, US, Japan. SIAM – Society of Indian automobile Manufacturers, have stated that there is steady increase in Car sales both Domestic and Indian contributing a valuable share in India’s GDP Hyundai has very good opportunity in entering into commercial vehicles and Recreational vehicles as they are already doing well outside India. Currently HMIL has its focus only on Passenger car segment Threats of Hyundai Motors Foreign Direct Investments flowing in Indian automobile space are not good signs for already existing Giants like MUL and Hyundai. Almost all major automobile players have started invading India to open up their market and their manufacturing plant in India.”Chennai” is referred to as the Detroit of Asia! Hyundai faced a slight decline in market share due to tough competition from Ford’s Figgo and Volkswagen- Polo. Many manufacturers have started to concentrate on small car segment as an alternative to Nano. These will slowdown the expected sales of Eon.