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Hyundai Motor India management sees a change of guard | Autocar India

Written by Rashmi

Revealed On Dec 17, 2021 05:22:00 PM

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SS Kim, outgoing managing director at Hyundai India.

Unsoo Kim to take over as managing director of Hyundai from SS Kim on January 1, 2022.

There was a change on the helm of Hyundai Motor India, the nation’s second largest passenger car producer. The Korean carmaker introduced on December 17 that Unsoo Kim has been appointed as its new managing director (MD) and he’ll take over from January 1, 2022.

  • Hyundai had a 16 % market share in PVs a 12 months after SS Kim took over
  • Hyundai’s UV market share grew seven % underneath his management

SS Kim, the present MD, who was appointed on December 4, 2018, has been elevated to a world position at Hyundai Motor Firm headquarters in Seoul, after his profitable three-year stint in India.

SS Kim has performed a key position in Hyundai Motor India’s progress over the previous three years. In FY2019 (April 2018-March 2019), HMIL bought a complete of 5,45,243 models and had a market share of 16 % and 13 %, within the PV and UV sector respectively. In final 12 months’s COVID-impacted markets, the carmaker had a PV market share of 17 % and bought 4,71,535 models. Importantly, in sync with the rising demand for SUVs in India, HMIL grew its UV market share to 20 %.

SS Kim, who was one in all our sister publication, Autocar Skilled’s, Newsmakers of CY2020, has been on a relentless product blitz whereas conveying a powerful assertion on expertise. Critics might argue that group firm Kia is grabbing the highlight, however Hyundai saved surging underneath his management.

The deal with diesel, at the same time as arch rival Maruti Suzuki exited that market final April, continues to win patrons for some key Hyundai fashions. And extra lately, there’s a new and heightened deal with electrical automobiles, notably in gentle of the corporate’s latest announcement of a six-EV technique for India by 2028.

In his newest interview with Autocar Skilled, SS Kim has spoken extensively in regards to the dynamic technique the Korean carmaker has for the Indian EV market.

What are your ideas on Hyundai Motors altering its MD at a time when there’s a stoop out there? Tell us within the feedback under.

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Rashmi