Hyundai Electronics eyes Rs 600 cr turnover in FY20; to shun ecommerce

South Korean electronics and consumer durables company Hyundai Electronics is eyeing almost Rs 600 crore in revenues in FY20.

A division of South Korea-based Hyundai Corporation, the company has forayed into the fast growing Indian consumer electronics segment, which is pegged at more than Rs 60,000 crore and growing in double digits.

“We are targetting a turnover of Rs 575-600 crore during the 12 months period of the coming fiscal,” Hyundai Electronics COO Abhishek Malpani told Business Standard here today.

Malpani said the company was looking at cornering a 3 per cent share of the domestic consumer electronics space in