Hyundai Motor Company is South Korea's leading automobile manufacturer. Together with its subsidiaries: Kia Motors and Genesis Motor, it forms the Hyundai Motor Group. This group is the third largest vehicle manufacturer in the world, after the Japanese Toyota and the German Volkswagen group.
Hyundai's overseas vehicle production
As a multinational, world-ranking manufacturer, which operates around the globe, Hyundai does not rely solely on its domestic plants for manufacturing. Alternatively, Hyundai has eleven automobile manufacturing companies producing Hyundai-branded vehicles in eight different countries, as can be seen in the statistic. Together, the eleven companies and their local plants produced around 2.7 million vehicles in 2019 - which extends far beyond the 1.8 million vehicles from Hyundai's three domestic plants. The plants in India, run by the joint venture HMI, produced the most Hyundai-branded vehicles by far. In which approximately 682,100 were produced in 2019. Closing in on second were BHMC's Chinese plants, which turned out over 658,000 vehicles. However, in contrast to most other countries, in which production has been steadily increasing throughout the past few years, Hyundai's two Chinese companies have produced fewer vehicles than previous years. Likewise, CHMC, responsible for producing commercial Hyundai vehicles in China, saw production fall by around 6,000 vehicles compared to the previous year.
Hyundai's overseas sales figures
In 2019, Hyundai’s overseas figures fells by around 184,000 vehicles compared to the previous year. This is mostly due to a sales slump in China; most other markets have shown sales growth. One of Hyundai’s responses has been to switch its focus from China to India. India is considered a market with huge potential for growth. It already has the fourth largest automobile market in the world, but it also has a very low rate of approximately 30 vehicles per 1,000 people. Hyundai Motor India is the second ranking carmaker in India, with around 16 percent of market share. It has also exhibited steadily growing annual production and sales figures over the past several years. Hyundai and its subsidiary Kia are both investing heavily in India, in the form of new plants and investment in local companies.
Hyundai Motor Company's production volume outside South Korea in 2020, by factory
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
Hyundai. (March 18, 2021). Hyundai Motor Company's production volume outside South Korea in 2020, by factory (in units) [Graph]. In Statista. Retrieved November 30, 2022, from https://www.statista.com/statistics/683788/hyundai-motor-car-manufacturing-location/
Hyundai. "Hyundai Motor Company's production volume outside South Korea in 2020, by factory (in units)." Chart. March 18, 2021. Statista. Accessed November 30, 2022. https://www.statista.com/statistics/683788/hyundai-motor-car-manufacturing-location/
Hyundai. (2021). Hyundai Motor Company's production volume outside South Korea in 2020, by factory (in units). Statista. Statista Inc.. Accessed: November 30, 2022. https://www.statista.com/statistics/683788/hyundai-motor-car-manufacturing-location/
Hyundai. "Hyundai Motor Company's Production Volume outside South Korea in 2020, by Factory (in Units)." Statista, Statista Inc., 18 Mar 2021, https://www.statista.com/statistics/683788/hyundai-motor-car-manufacturing-location/
Hyundai, Hyundai Motor Company's production volume outside South Korea in 2020, by factory (in units) Statista, https://www.statista.com/statistics/683788/hyundai-motor-car-manufacturing-location/ (last visited November 30, 2022)