Hyundai Motor Group (HMG) Executive Chair Euisun Chung has met with India’s Prime Minister, Shri. Narendra Modi, to discuss cooperation and the development of the Indian mobility industry.

Executive Chair Chung was in India to review HMG mid- to long-term strategy and attended the Hyundai Motor India Limited (HMIL) stock exchange listing ceremony on October 22, 2024.

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Held at the Prime Minister’s office in Delhi, the meeting was also attended by Mr. Tarun Garg, COO – HMIL. They discussed the development of the Indian mobility industry and potential cooperation between India and HMG.

Executive Chair Chung invited the Prime Minister to the opening of HMIL’s plant in Pune, Maharashtra. HMG said investment in this factory will be game-changing for HMIL, supported by the Government of India and Government of Maharashtra.

HMIL will also continue to play a key role in the “Make in India” initiative, and as India marches toward its ‘Viksit Bharat 2047’ vision – a strategy for the country’s development by the year 2047, coinciding with the 100th anniversary of India’s independence – Hyundai said it ‘will stand as a trusted partner on this meaningful journey’.

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Executive Chair Chung also expressed his respect for India’s heritage and culture during the meeting. He said: “India’s rich history and culture continue to inspire people worldwide. As India and Korea deepen economic collaboration, we can learn much from each other’s cultures and strengthen the foundations of our cooperation.”

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He also thanked the Indian government for its continuing support of Hyundai Motor Group, discussed the significance of Hyundai Motor India’s IPO, and outlined plans to build on HMGthe Group’s success so far by establishing Hyundai Motor as ‘India’s most trusted mobility company’.

“Hyundai Motor has successfully operated in India for over 26 years, becoming the second largest automobile manufacturer thanks to the Indian government’s interest and the Indian people’s support,” said Executive Chair Chung. “Now is the right time to further establish Hyundai as a ‘Home Brand’ and the ‘Most Trusted Brand’ in India.”

Executive Chair Chung also expressed his support for the adoption and growth of EVs in India. He said: “We will continue our cooperation with the Indian government to establish an EV ecosystem through the release of EV models, construction of EV-charging networks, and localisation of parts.”