Hyundai Motor India Production touches 6 Lakh units in 2010
Hyundai Motor India Ltd. (HMIL), the second largest car manufacturer and the largest passenger car exporter, today achieved a historic milestone by reaching the production of 6 Lakh units, the highest since inception in a calendar year. On the occasion, H. W. Park, Managing Director & CEO, HMIL, said, “Today is one of the landmark days in the history of our company. Achieving this milestone is a testament to the rising popularity of Hyundai India as a product and immense trust that our customers have placed in us. With this we gear up for next phase of growth and remain dedicated in bringing world class products and service to our customers. ” HMIL is the only Indian manufacturer to present a full variety starting from the compact Santro to the top end luxury SUV – Santa Fe and enjoys a market share of around 20%. HMIL sells 7 models with 47 variants in the Indian market. It currently exports roughly 42% of its production to around 120 countries across the globe with i10 being the largest exported model.
HMIL started operation in 1996 and the first Santro rolled out in September, 1998. Right from the beginning HMIL has always been the trend-setter. From the record of setting up the plant in just 17 months to becoming the 2nd largest automobile manufacturer in just 6 months to rolling out 150,000 cars in about 25 months, Hyundai has satisfied everybody’s expectations. Popular Cars by Hyundai are Hyundai Accent Eco, Hyundai i20 1.2 Kappa, Hyundai Sonata Transform and Hyundai Getz Prime etc. In August, 2010 Hyundai Motor achieved the extraordinary distinction of reaching the 30 lakh car production in a record time of less than 12 years. With this achievement, HMIL becomes only the second manufacturer in India to have achieved this distinction. It was also the best to reach the sales mark of 20 lakh (2 million) units in the domestic market in November, 2010.