Hyundai Marketing Strategy

Marketing Strategy - Hyundai In this case we will discuss the marketing strategy of Hyundai Motor Corporation (HMC) in India. In 1996, HMC established Hyundai Motor India Ltd. (HMIL), a wholly owned subsidiary, and entered India. HM IL became the second largest automobile company in India in the year when Santro, the first product, was launched. This case details HMIL introduction, product, pricing, distribution and promotion strategies in detail. In this case, we will outline the future issues of the company and its marketing plan.

Modern marketing strategy is differentiated marketing. The main consumer's target is a middle- and high-income expert who can value comfortably in urban situations, requiring value for money. The second consumer goal is a university student who needs style and speed. The main business goal is a medium-sized large company that wants to support them by providing vehicles that are easy to transport to managers and employees. By integrating all information into all media, modern times will strengthen brand name and key point of product differentiation. With respect to media consumption, investigation of patterns helps advertising agencies select the right media and timing to achieve prospects before and during product launch. Subsequently, advertisements are displayed on a pulse basis to maintain brand awareness and communicate diverse information. This agency will also coordinate modern publicity activities to build modern brands and support differentiated information.

The marketing strategy adopted by Hyundai in Serbia is franchise. This strategy proved to be beneficial in several ways, but it also caused problems for the modern era. A franchise is a process whereby a parent company (franchisor) grants a person or entity a license to carry out a business within a limited time period using its own brand name, business system, trademark, and operating method It is a contract. With this strategy Hyundai can enter the market instantly. Hyundai Motor opened an exhibition hall in Belgrade in October 2002. This strategy also allows them to effectively manage the brand. In other words, franchise activities are managed by regional headquarters. Serbia is a small country, so the market size is small. Companies such as Ford, Fiat and Volkswagen have established a good market share in the market. Through this strategy Hyundai can enter the market with its lowest cost at its own flag.