Hyundai Construction Equipment India Private Limited

Dear colleagues

Namasthe!

Wish you and family a happy new year and a prosperous 2020!

Year 2018 has been a great year for the Indian infrastructure resulting in good growth for the Indian Construction Equipment sector. With our right strategies and the hard work put in by each one of you, we have not only consolidate our market leader (2^nd) position in the Indian market.

Year 2019 is challenging time for the Indian market with the national elections round the corner. However we at Hyundai Construction Equipment India are looking long term and will continue with our investments in increasing and improving our production capacity. Also we are moving global R&D center and our head office to new locations to give extra focus and attention to the R&D and Sales functions. . We are getting continuous support, guidance and investments from our head quarters at Korea to take the Indian operations to greater heights.

I am confident that ‘Team Hyundai India’ will overcome all the challenges in 2019 and excel by producing products of improved quality, continuous innovation, keeping material and other costs under control and our aggressive marketing strategy. We now have senior personnel in HR & IR who will ensure we give extra focus and attention to the development of our employees to take the organization towards #1 position in India.

Thank you (Dhanyavaad)
Jin Seog Park