IndiaCatalog.com
India News
Search Web Directory
News Home
Hyundai to drive into new $100-mn office that will keep Delhi pollution out
Posted on 7th July 2018
Korean carmaker Hyundai, the second-biggest player in the Indian market, will drive into a $100-million (Rs 6.9 billion) corporate office in Gurgaon. The two-acre office complex on the outskirts of Delhi is under construction and will be home to about eight hundred company executives from early 2020.

"It was a dream to have our own corporate office as we complete two decades here in India... We will shift to the new office in January 2020. It is our commitment to the Indian market and to our workforce here. We want Hyundai to be a great place to work," Y K Koo, managing director and chief executive officer at Hyundai Motor India, told Business Standard. The carmaker, which has close to a sixteen per cent share in the domestic market, has been operating from rented premises all this while.

It currently operates from a 60,000-sq ft office in Delhi's Jasola area spread over three floors. The new office will have six floors and four levels of basement parking, with facilities to charge electric vehicles. The ground floor of the complex will have a brand centre displaying the company's product line-up and its heritage, along with its future concepts. The building will have an auditorium with a seating capacity for over 200 people to host events and product launches. A fitness centre and large cafeteria will also be established for the employees.

Special care is being given to air purification and the building will be equipped with a three-stage HEPA (High-efficiency particulate air) air filter system. "Even in December, the air here is so polluted. We want our employees to breathe fresh air," Koo said.

The tender for the construction of this building has been awarded to Hyundai Engineering and Construction, a group company. Koo declined to share details about the money spent on the acquisition of land but it was reported that it was bought at an e-auction from HUDA for Rs 2.05 billion. This means another Rs 5 billion is being spent on building the office complex and facilities.

Gurgaon is home to corporate offices of leading automobile brands operating in the country -- such as Eicher, BMW, Ford, Renault, Nissan, and Honda Motorcycle and Scooter India. Hyundai's sister concern, Kia, which will launch its first vehicle here next year, has also chosen Gurgaon for its India headquarters.

Hyundai entered India in 1996 and launched its first car, the Santro, in the year 1998. Marking its twenty years in India, the company last week launched a campaign to connect with customers of its first products, such as the Santro and Accent. Today, India is the third-biggest market for the carmaker after China and US. Besides holding a clear No 2 position in the domestic market, Hyundai is also the second-biggest car exporter from the country. The company sold 536,241 cars in the domestic market during FY18 and shipped 153,942 units to export destinations.

Related Companies: Hyundai Motor India Ltd.   

Other Latest News
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.

Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point.

On a weekly basis, the local unit slumped by 32 paise.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19.

Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai).


Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Hyundai to drive into new $100-mn office that will keep Delhi pollution out
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Hyundai to drive into new $100-mn office that will keep Delhi pollution out

Most Read News

More India News

  India Web Directory
Business Profiles
Yellow Pages
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2026 IndiaCatalog.com
    All Rights Reserved
Privacy Statement