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THE INVESTOR
July 24, 2019
Big Reunion

Industrials

Hyundai Glovis expands sales network in India

  • PUBLISHED :July 04, 2019 - 09:40
  • UPDATED :July 04, 2019 - 09:40
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Hyundai Glovis said on July 4 it has expanded sales network in India to strengthen its presence in the emerging market.

The company has recently set up sales offices in the northern Indian city of Delhi and the southern port city of Mumbai to win deals in the local cars, auto parts and general cargoes delivery markets, the company said in a statement.


It has operated two sales offices in Chennai and Anantapur in the southern part of the world’s second-most populous country.

India’s logistics market is expected to grow by 34 percent to $215 billion by 2020 from $160 billion in 2018 as the local authorities make aggressive investments in infrastructure for the logistics industry, the statement said.

By Ram Garikipati and newswires (ram@heraldcorp.com)

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