South Korean automaker Hyundai has rolled out its fifth millionth car for the Indian market. The automaker has achieved this milestone in 19 years since Hyundai started making cars in India with the new-gen Hyundai Verna. By far, this is the fastest 5 millionth car production milestone achieved by any manufacturer in Indian passenger vehicle industry.
Speaking at the achievement, Y K Koo, MD and CEO, Hyundai Motor India Limited said, “Hyundai has a remarkable journey in India by becoming the most loved and trusted brand by customers, partners and experts. Today we are very happy to roll out the 5 Millionth car with the Next Gen VERNA in the Indian market, the fastest in the Industry symbolizing Hyundai's long-term commitment to the Indian market. Hyundai’s Modern Premium Brand direction is a commitment to offer world class and benchmark products meeting customer’s aspirations. We will continue this momentum with strong efforts towards customer delight through unique experiences to customers. We thank our valuable customers and partners for their support and trust in Hyundai.”
He further added, "HMIL has always set new benchmarks in terms of quality and customer delight by introducing new products with new technology and design to the Indian market, demonstrating superior manufacturing prowess. Our 'Made in India' products have impressed global and Indian customers alike. I thank each one for his commitment towards making HUYNDAI, the most loved and trusted brand in India."
Currently, Hyundai sells seven cars and two SUVs in Indian market including Hyundai Santro, Hyundai Accent, Hyundai i10, Hyundai i20, Hyundai Xcent and lately with Hyundai Verna and Hyundai Creta SUV. The car manufacturer also entered the premium space by launching various generations of Hyundai Elantra, Hyundai Santa-Fe and Hyundai Tuscon. The entire product lineup by Hyundai India in the country helped the company to build the overall brand in India with quite recognizable sales numbers in all the categories. Although, one or two of the cars didn’t end up as expected by the manufacturer in the Indian market, however, others have made the India subsidiary of the South Korean car maker proud.
Apart from this, Hyundai Motor India has also been the largest passenger car exporter from the country since 2004. The automaker exports seven of its popular models including new generation Hyundai Verna, Hyundai Creta and Hyundai Grand i10 to over 87 countries from its Chennai plant. Till date Hyundai has invested over $3.2 billion for its India operations and at its Chennai plant that has a current annual capacity to manufacture 7 lakh vehicles for both domestic and export markets.
Hyundai Motor India, which commenced its operations in India in 1998, achieved the 1 millionth car milestone in April 2007 with the iconic Hyundai Santro, and since then it took the company just a little over 10 years to reach the 5 millionth milestone. While it took the company over 8 years to reach the 1 millionth car milestone, since then, the company's production has been growing at a commendable pace. In fact, the company reached the 2 million mark in 2010, the 3 million mark in 2013 and the 4 millionth car milestone exactly two years back, in 2015.
Hyundai India currently has over 2,200 sales and service points including 422 rural outlets and the automaker has been expanding its product portfolio in the country rapidly. If reports are to be believed, Hyundai plans to roll out its 10 millionth car in India by 2021.