As of 2022, Hyundai Philippines is now under the management of Hyundai Motor Philippines Inc. The said company’s new CEO, Lee Dong-Wook, reports directly to the Hyundai Global headquarters in Seoul, South Korea.
A little earlier than that though, the Korean marque entered the country way back in 1990. In 2001, the Hyundai distributorship was then handed over to Hyundai Asia Resources Inc. (HARI).
Even further than that, Hyundai emerged back in 1947 as an engineering company. It wasn’t until the 1960s when the brand launched its first car model which came in the form of the Cortina. If the name sounds familiar, that’s because it was built together with Ford.
Later in 1974, Hyundai made a bid to produce their own cars by hiring engineers and executives who had previous experience form British car brands.
Fast forward to 2021 and Hyundai now operates in all parts of the world. And as of 2021, it managed to declare a net income of 5.69 trillion Korean won. That’s around 243 billion in Philippine pesos.
As of 2010, Hyundai operates the largest integrated automobile manufacturing facility in Ulsan, South Korea. In South Korea, the company has an annual production capacity of 1.6 million units.
On a more global scale, the brand has had a total of around 340,500 units sold as of June 2022. It is also listed as Interbrand's 35th Best Global Brands for 2021. In the same year, the brand's value also rose 6.3 percent.
The Korean marque has also made strides into being carbon netural. In fact, it is commited to be carbon neutral by 2045. It has also made developments in developing electrification, and smart mobility solutions.
Hyundai Motor Philippines Inc. is local distributor of Hyundai cars in the Philippines. As of its re-launching and inauguration in 2022, the brand has a total of 39 dealerships around the country. The brand however, promises to expand in the coming months.
Check below for the complete Hyundai Motor Philippines, Inc. (HMPH) list of models, variants, and detailed spec sheets.
-Head office address: 17th floor, Finance Centre 26th Street Corner 9th Avenue, Bonifacio Global City Metro Manila Fort Bonifacio, Taguig City, Fourth District, National Capital Region (NCR), 1634
-Official website: https://www.hyundai.com/ph/en