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Hyundai Motor India Ltd on Thursday announced the appointment of Sunil Moolchandani as its Function Head - National Sales. As per a regulatory filing by the company, Moolchandani previously served as the Chief Commercial Officer (Central Zone) at Maruti Suzuki India Ltd. He has over 24 years of experience in the automotive and commercial sectors. "His appointment reflects HMIL's continued focus on strengthening its national sales framework and building deeper connections with customers across key markets," Hyundai Motor India Ltd (HMIL) said in a statement. The company further said, "Moolchandani's leadership is expected to further HMIL's commitment to excellence, innovation and customer satisfaction - core pillars that continue to define Hyundai's journey in India." Moolchandani holds a Bachelor of Engineering (Electrical) from the University of Pune, completed in 1999, and a Post Graduate Diploma in Management (PGDM) from Symbiosis Centre for Management and Human Resource ...
South Korean auto major Hyundai Motor Co President & CEO Jose Munoz on Wednesday said the company's Indian arm will invest Rs 45,000 crore by FY30, aiming to make India its second-largest region globally. Addressing investors here in his first visit to the country, Munoz said Hyundai Motor India Ltd (HMIL) has set a target of up to 30 per cent export contribution. The company also aims to increase its revenues by 1.5 times and cross the Rs 1 lakh crore milestone by FY2030 under its 2030 growth roadmap. Under the roadmap, HMIL plans 26 product launches by FY2030, including seven new nameplates, marking its entry into the MPV and off-road SUV segments. The company also aims to roll out a locally designed, developed and manufactured dedicated electric SUV for the Indian market by 2027. The company will also launch the luxury segment brand Genesis in India by 2027. "Following our landmark IPO last year and 30 years of success in India, now HMIL plans an investment of Rs 45,000 crore
Hyundai Motor India on Wednesday reported a 10 per cent year-on-year increase in total sales to 70,347 units in September. The company sold a total of 64,201 units in September 2024, the South Korean automaker said in a statement. Domestic dispatch of vehicles to dealers saw a marginal increase to 51,547 units last month from 51,101 units in the year-ago period, it added. Last month, its exports increased to 18,800 units compared to 13,100 units a year ago. "Post announcement of GST 2.0 reforms, HMIL is witnessing a synergetic alignment of both domestic and export markets now growing in tandem - a true double-engine growth," Hyundai Motor India Ltd (HMIL) COO Tarun Garg said. The company's domestic sales in September stood at 51,547 units, driven by vibrant festive demand and strong customer interest across all segments, he added. "We have also witnessed the highest-ever domestic SUV sales penetration in the history of the company at 72.4 per cent, with Creta scoring the highest-