Hyundai enters Indian consumer electronics market

By SiliconIndia   |   Tuesday, 21 September 2004, 07:00 Hrs
Printer Print Email Email
NEW DELHI: Korean giant Hyundai Corporation has entered the Indian consumer electronics market with a premium range of products across all major cities and plans to venture into the home appliances segment by the end of the year.

The product portfolio launched included plasma display panels, LCD TV, air-conditioners, DVD players and home theatre systems, a company statement said.

"India holds tremendous potential for our company, we plan to gain leadership position in the premium segment through constant product innovation, aggressive marketing, effective distribution network and after sales service,'' Hyundai Corporation (Korea) Senior Vice-President, Mr Kim Jong-Won, said in the statement. Hyundai Corporation is a general trading company having business interests in import and export of ships, plants, machines, steel, chemical products, apart from automobiles.



SPOTLIGHT
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..