Hyundai Motor India Production touches 6 Lakh units in 2010
- Achieves highest ever production in a calendar year since inception
New Delhi, December 30, 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 growing popularity of Hyundai as a brand and immense faith that our customers have placed in us. With this we gear up for next phase of growth and remain committed in bringing world class products and service to our customers. ”
HMIL is the only Indian manufacturer to offer a full range 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 approximately 42% of its production to around 120 countries across the globe with i10 being the largest exported model.
Right from the beginning HMIL has always been the trend-setter. It was the fastest to reach the sales mark of 20 lakh (2 million) units in the domestic market. From the record of setting up the plant in just 17 months to becoming the 2nd largest car manufacturer in just 6 months to rolling out 150,000 cars in about 25 months, Hyundai has fulfilled everybody’s expectations. In December, 2009, HMIL had touched the milestone of fastest production and sales of 25 lakh units (cumulative). With these achievements, HMIL becomes only the second manufacturer in India to have achieved these distinctions.
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC), South Korea and is the largest passenger car exporter and the second largest car manufacturer in India. HMIL presently markets 7 models of passenger cars across segments. The A2 segment includes the Santro, i10 and the i20, the A3 segment includes the Accent and the Verna Transform, the A5 segment includes the Sonata Transform and the SUV segment includes the Santa Fe.
HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of the most advanced production, quality and testing capabilities in the country. To cater to rising demand, HMIL commissioned its second plant in February 2008, which produces an additional 300,000 units per annum, raising HMIL’s total production capacity to 600,000 units per annum.
In continuation with its commitment to providing Indian customers with cutting-edge global technology, HMIL has set up a modern multi-million dollar research and development facility in the cyber city of Hyderabad. It aims to become a centre of excellence for automobile engineering and ensure quick turnaround time to changing consumer needs.
As HMC’s global export hub for compact cars, HMIL is the first automotive company in India to achieve the export of 10 lakh cars in just over a decade. HMIL currently exports cars to more than 115 countries across EU, Africa, Middle East, Latin America and Asia Pacific. It has been the number one exporter of passenger car of the country for the sixth year in a row. To support its growth and expansion plans, HMIL currently has a 304 strong dealer network and 622 strong service points across India, which will see further expansion in 2010.