Automobiles

Hyundai completes 25 years in India with 9 million unit sales

– Surpassed three million unit sales in CY 2020

– 1,60,237 SUVs offered in CY 2020

Hyundai Motor India Limited (HMIL) is celebrating the completion of 25 years of its existence in the Indian vehicle trade because it’s entry in the yr 1996.

The South-Korean automobile producer started its operations journey in September 1998 with the manufacturing facility at Irungattukkottai in Sriperumbudur, Tamil Nadu. The first mannequin to roll off the manufacturing line was the enduring ‘Santro’ adopted by the i20 hatchback. By the CY 2020, Hyundai holds 17.4 per cent market share in the car market.

Another milestone that Hyundai has achieved is a complete sales of 9 million items in 25 years with an annual output of seven.5 lakh items. Presently, the model has 1,154 sales and 1,298 service shops in the nation.

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The yr 2020 additionally witnessed Hyundai attaining the three million export milestone. Hyundai at present exports autos to 88 international locations and 14 per cent of the automobiles manufactured are dispatched by eco-friendly railway route. To know extra about it, click on here.

Commenting on the event, S S Kim, MD & CEO, Hyundai Motor India Ltd., mentioned, “Envisioning India at the heart of global manufacturing and commerce, Hyundai began its journey with the country 25 years ago towards a mutual progress. Today, it gives us immense pride to have come this far together, developing a sustainable and thriving ecosystem leading to collective evolution of the Indian Automotive Industry. Under the aegis of our global vision ‘Progress for Humanity’ Hyundai Motor India will continue to drive excitement across the market through innovation in products and services. As a part of our commitment to the nation, we will continue our efforts towards the betterment of society and communities ensuring the fruition of a brighter and greener future for the generation to come.”   

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