The Hindu Business Line : Hyundai Construction to expand its footprint in southern India

Kochi, Aug. 25 Hyundai Construction Equipment India (HCEIL) Pvt Ltd, a wholly-owned subsidiary of Hyundai Heavy Industries, Korea, is all set to expand its footprint across South India. It has opened its South Regional Office at Hyderabad to cater to Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.

Hyundai Construction Equipment India Ltd — a global leader in construction equipment industry having diversified interests in related areas which include shipbuilding, engine and machineries and power plant engineering — is having high focus on each of its business area and setting up a construction equipment plant in Pune is one of the steps to make its construction equipment business foray.

Mr J.S. Kim, Managing Director, Hyundai Construction Equipment India Pvt Ltd, said in a statement that the company is considering India as a strategic market where investment planning has been made to realise long-term vision with respect to construction equipment. During the last one year, in spite of adverse situations, the company had successfully achieved milestones, like setting up a state of the art factory, developing the organisation with the best talent available, developing a strong distribution network across the country and rolling out its 20T Excavator.

Mr Suvendu Moitra, Head, Marketing, said that Hyundai had appointed 16 dealer partners all over India, and out of them 5 are from the southern region – one each from Kerala, Tamil Nadu and Karnataka and the rest two from Andhra Pradesh.

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