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Hyundai Motor India Limited (HMIL) is a wholly-owned subsidiary of Hyundai Motor Company (HMC), South Korea and is the largest passenger car exporter and the second largest car manufacturer in India. [citation needed] Hyundai started the construction of the plant in the year 1996. December 10, 1996 the groundbreaking ceremony was done for Plant 1.
Beijing Hyundai headquarters and manufacturing base Hyundai Motor Office building in Beijing. Beijing Hyundai Motor Company (BHMC) is a 50-50 joint venture between Hyundai Motor and Beijing Automotive Holdings, which was established in 2002. It began operations in China by producing Sonata in December 2002. [6]
The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. [1] [2] [3] As of 2023, India is the 3rd largest automobile market in the world in terms of sales.
In January 2020, it was announced Chinese automobile manufacturer Great Wall Motors was set to acquire General Motors’ Talegaon manufacturing plant near Pune. [8] [9] [10] The plant was expected to be sold by December 2020 but due to the 2020 China–India skirmishes, the Indian government has not yet approved the sale of the plant.
Tata Sierra (1991-2000) Tata Sumo (1994–2019). Tata Motors was founded in 1945, as a locomotive manufacturer. Tata Group entered the commercial vehicle sector in 1954 after forming a joint venture with Mercedes-Benz of Germany in which Tata developed a manufacturing facility in Jamshedpur for Daimler lorries. [10]
JSW MG Motor India Pvt Ltd, previously MG Motor India Private Limited until 2024, is an automobile manufacturer in India, which was established in 2019.Since 2023, it is a joint venture between the Mumbai-based Indian multinational conglomerate JSW Group and Shanghai-based Chinese automotive manufacturer SAIC Motor, a Chinese state owned automobile manufacturer which markets vehicles under the ...