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Home arrow News arrow Automotive arrow Hyundai Motor India Ltd crosses 25 lakh car production at Sriperumbedur plant
Hyundai Motor India Ltd crosses 25 lakh car production at Sriperumbedur plant Print E-mail
Written by Anand   
Tuesday, 08 December 2009
New Delhi: Hyundai Motor India Ltd, which started production at Sriperumbedur in 1998, today crossed the milestone of rolling out over 25 lakh cars from its production facility located at Sriperumbedur, approximately 35 km outside Chennai.

Out of the total 25 lakh units that were produced, approximately 16 lakh units were sold in the country while as the remaining 9 lakh units were exported, making the company the largest exporter and the second largest car manufacturer in the country. "It is not only the second manufacturer to have achieved this but also the fastest," said Arvind Saxena, Sr VP, Marketing and Sales, HMIL.

It's Sriperumbedur plant was set up in 17 months and the company became the second largest carmaker in India in 6 months. The company rolled out 150,000 cars in 25 months. In November this year, Hyundai recorded the highest ever sales in HMIL's history with sales touching a cumulative 55,265 units.

The company has also set up a second plant which was commissioned in February, 2008 with an annual production capacity of 300,000 units taking the total capacity up to 600,000 units per annum. Currently, HMIL manufacturers around seven models from its manufacturing plant with the i10 and the i20 being the latest.

All of HMIL's compact cars like the Santro, i10 and the i20 are only manufactured in India and currently exported to over 100 countries.

"Before HMIL started exporting, 'Made-in-India' cars hardly had any presence in the international market but today they are present in over 100 countries and Indian made cars are acceptable in terms of quality and performance and this is a very significant achievement for not only HMIL but also the Indian automotive industry," said Saxena. Hyundai is currently looking at expanding its export base to 125 countries in order to expand its overseas market.

HMIL currently holds a 20.5% market share in India with a dealership network spanning 202 cities and 275 outlets.

 
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