India, Aug. 31 -- Hyundai Capital Services (the "Company") is commencing financial operations in India, one of the world's three largest automotive markets.

Hyundai Capital India (HCIN) is the Company's 14th financial entity, and an independent stand-alone entity fully owned and operated by Hyundai Capital Services.

In March this year, the Company obtained a Non-banking Financial Company (NBFC) license from the Reserve Bank of India (RBI), laying the foundation for providing financial services to customers in the country. Building on its auto finance expertise and experience accumulated across diverse global markets, Hyundai Capital Services plans to pursue a localized strategy tailored to the needs and characteristics of the Indian mar...