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Reference no. 505-114-1
IBS Case Development Center (2005)
Hyundai Motor Group, the automobile unit of Hyundai, the largest conglomerate of South Korea, entered India through a wholly-owned subsidiary named Hyundai Motor India Limited in 1996. Within 17 months of establishing its first manufacturing facility, HMIL debuted in the Indian market with its entry model Santro thus breaking the monopoly of Maruti, entrenched in the Indian small car market. The success of Santro was followed by several other variants of Santro like ZipDrive, ZipPlus and Xing. As of mid-2005, seven years after its entry into the Indian market, Santro continues to be the second largest selling car in its sector and the most preferred brand in India. Over the last seven years HMIL has also made substantial inroads into other segments of the Indian car market. The pedagogical objectives are to: (1) discuss the initiatives taken by the company to become a successful brand in India; and (2) discuss the efficiency of the company in effectively managing its product life cycle.
Hyundai Motor India Limited; Hyundai Group Hyundai Santro; Maruti Udyog Limited Suzuki; Marketing service dealer network; Second largest selling small car; South Korean multibusiness group; Hindustan Motors and Premier Automobiles; Association of Indian Automobile Manufacturers (AIAM); Indian small car market premium compact car; Santro ZipDrive, Santro ZipPlus and Santro Xing; Product life cycle brand building sub-branding; Shah Rukh Khan and Preity Zinta; Daewoo Motors Tata Motors; Sunshine car complete family car; JD Power and Associates Inc Rankings