Hyundai Motor India (HMIL), is a wholly owned subsidiary of South Korean automaker Hyundai Motor Company (HMC). The company is the third-largest auto original equipment manufacturer (OEM) in the world based on passenger vehicle sales in CY2023, according to the CRISIL Report. Hyundai Motor India has been the second-largest auto OEM in the Indian passenger vehicles market since fiscal 2009 (in terms of domestic sales volumes), according to the CRISIL Report.