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Hyundai Motor Company

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1.1 ABOUT HYUNDAI MOTOR INDIA LIMITED
Hyundai Motor India Limited (HMIL) being the largest car exporter in India is a wholly owned subsidiary of Hyundai Motor Company (HMC). It stands second in the manufacturing of cars within India. Formed in 1996 Hyundai Motor India Limited currently has nine car models namely the Eon, Santro, i10, Grand i10 and the i20 in A2 segment, in the A3 segment the Verna, the Elantra in A4, A5 segment has Sonata and in the Santa Fe in SUV segment.
HMIL's manufacturing plant located in Chennai is fully integrated with advanced production, quality and testing capabilities. HMIL is the global exporting hub of Hyundai Motor Company and it reached a quantum of 1.5 million in exports for the year 2012. Currently HMIL exports …show more content…

People
5. Globality
1.4 RESEARCH & DEVELOPMENT CENTRE
Hyundai Motor India Engineering (HMIE) is a fully owned subsidiary of the South Korean Company Hyundai Motor Company has set up its R&D Centre in Hyderabad. The HMIE centre is one of the most advanced research and development centre with facilities focusing on the product designing and its engineering and rigorous quality enhancement. This new R&D Centre at Hyderabad in India marks the fourth overseas R&D centre for Hyundai Motor Company.
The Setup is made with an investment of Rs. 184 crores and this 200,000 square-foot facility R&D Centre aims at further accelerating the local content development and enable Hyundai to respond even more quickly to the ever changing customer needs across the world. The R&D Centre also facilitates the development of India as Hyundai’s hub for the manufacturing and engineering of small cars globally.
The new R&D Centre in Hyderabad will support all back-end operations like computer aided engineering (CAE), computer aided design (CAD) and help the R & D work taking place across Hyundai’s car …show more content…

This department validates and fixes the final cost of a product with the aid of sales department information. They collaborate with multiple departments in order to arrive at the final cost of the product. It also ensures the appropriateness of the predetermined price to the actual production cost.
Corporate accounts deals with the maintenance of financials of the company like the cash flow statement, profit and loss accounts and balance sheet. They constantly update the information obtained to the general public during public offerings. They also calculate the financial position and stability of the firm from time to time and help in the management of the firm by providing suitable suggestions.
The Treasury Department is the sole responsibility for managing the liquidity position of HMIL as they monitor the company’s cash inflows and outflows and also calculates the projected future values of the same to ensure sufficient funding for the various operations within the company. They also ensure that the additional cash available is properly invested for getting greater

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