A long drive for Hyundai India: Crosses 8 million units milestone

Hyundai Motor India Ltd (HMIL) on Monday said it has crossed 8 million cumulative production milestone since its inception nearly 20 years ago.

The company achieved the landmark with the rolling out of a unit of its newly refreshed SUV Creta, HMIL said in a statement.

The target is to achieve 10 million units in first half of 2021, it added.

Since inception, HMIL has sold 5,300,967 units in the Indian market and 2,703,581 units in exports globally, the company added.

Commenting on the development, HMIL Managing Director and CEO YK Koo said, "Hyundai is the only manufacturer to achieve this feat in the shortest span of time..."

HMIL said it crossed the milestone in 19 years and 6 months.

In 2006 the company had rolled out its first millionth car in India, 8 years after commencement of commercial production in 1998.

Later on in 2012, it crossed the 4 million cumulative production mark from its plant spread over 535 acres in Chennai.

In 2017-18, HMIL recorded its highest-ever domestic sales of 536,241 units, a growth of 5.2 per cent over the previous fiscal.

"Our vision is to deliver on the promise of becoming the 'lifetime partners in automobile and beyond," Koo said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel