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Home arrow News arrow Automotive arrow Hyundai Motor India's cumulative exports crosses the 10 lakh mark
Hyundai Motor India's cumulative exports crosses the 10 lakh mark Print E-mail
Written by Hari   
Wednesday, 24 February 2010
Chennai : Hyundai Motor India Ltd, the country’s largest passenger car exporter and the second largest car manufacturer, announced that its cumulative exports crossed the 10 lakh mark. To mark the event Hyundai shipped its first ever consignment to Australia from the Chennai Port this morning.

In 2010 Hyundai plans to add 10 new markets with Australia being the latest entrant to the list. The first shipment to Australia is of 500 units of the i20 and the total i20 exports to Australia is expected to be in the region of 15,000 per annum.

With this shipment, Hyundai is the first automobile company in India to achieve this feat in a record time of just over a decade.

Currently, Hyundai Motor India is exporting four of its popular models namely - Santro, i10, i20 and Accent to 110 countries. In 2009, in spite of a global slowdown, Hyundai Motor India’s exports grew by 10.7%.

"Reaching the 10 lakh export car landmark is not only a significant milestone but also a matter of great pride for the Hyundai family as it showcases the global success story that Hyundai as a brand enjoys. I take this opportunity to thank all our customers and stakeholders for their trust and support which has helped us reach this landmark. In the future we are sure to increase our overseas presence as we add more markets," said H W Park, Managing Director & CEO, HMIL.

HMIL began exporting cars in 1999 when it shipped a batch of 20 Santro’s to Nepal and it reached the first milestone of exporting 100,000 cars in four years and ten months in October, 2004. In October, 2005 it exported its 200,000th car followed by its 300,000th car and 400,000th car in October, 2006 and August, 2007 respectively. By exporting the 500,000th car in March, 2008, HMIL had become the ‘fastest’ Indian passenger car manufacturer to achieve this stupendous milestone in record time. In a little over a decade since Hyundai has been present in India it has become the leading exporter of passenger cars with a market share of 66% of the total exports of passenger cars from India making it a significant contributor to the Indian automobile industry.

Mr Arvind Saxena, Director Sales and Marketing HMIL; Captain Subhash Kumar, Chairman Port Trust; Mr H.W. Park, MD and CEO , HMIL and Mr Santosh K Mishra, IAS, District Collector, Kancheepuram at Hyundai’s 10 lakh car export roll out event in Chennai

 
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