Hyundai enters Indian markets with consumer durables
New Delhi: The Car-Manufacturing giant Hyundai has ventured into the Indian markets with cunsumer durable products, i.e. electronic and home appliances.
South Korea-based Hyundai Electronics said in a statement that the company would focus on market research, product innovation and talent acquisition in India for work in areas like artificial intelligence, technology and energy efficiency.
"Hyundai Corporation has ventured into the Indian market with a wide range of products ranging from electronics and home appliances, like smart LEDs, air conditioners, washing machines and refrigerators," it said.
Commenting on the development, Akshay Dhoot, CEO, Hyundai Electronics, said, "India is one of the key emerging markets with a burgeoning consumer durable segment and with Hyundai's entry, we are committed to give Indian consumers an exposure to smart goods technology and product diversification methodologies, manufacturing cutting-edge goods."