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MACHINIST - H W Park to take over from H S Lheem as MD & CEO of Hyundai Motor India

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Home arrow News arrow Automotive arrow H W Park to take over from H S Lheem as MD & CEO of Hyundai Motor India

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H W Park to take over from H S Lheem as MD & CEO of Hyundai Motor India
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Written by Ravi   
Wednesday, 04 November 2009

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New Delhi: Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter, has announced that it's Managing Director and Chief Executive Officer H S Lheem, who had been heading Hyundai India operations since December 2005, will be transferred to Hyundai's global headquarters in Seoul with effect from November 5.

H W Park, who is currently Senior Executive Director (Administration) and Chief Financial Officer of Hyundai Motor India, will take over as the company's new MD and CEO.

Domestic sales surge by 41.4% & Exports drop by 11.9% in October

HMIL’s total sales for October, 2009 stood at 51,736 units against 46,596 units in October, 2008 registering 11% cumulative growth. The domestic sales grew at a healthy 41.4% and accounted for 28,301 units as against 20,009 units in October, 2008 while the overseas sales dipped by 3,152 units to 23,435 units in October, 2009. The export had registered 26,587 units of sale in October, 2008 - drop of 11.9%.

Commenting on October, 2009 sales Arvind Saxena, Sr. Vice President - Marketing and Sales, HMIL said, “The festive period of the last two months generated strong sales and has given the Indian automobile industry some respite from the sluggish performance of the last few months and now it looks that this period of strong sales would propel the industry in to a positive double digit growth for the remainder of the year. This might be the turning point the Indian automotive industry has been waiting for”.

 
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