Hyundai Motor India Rolls out Fastest 8 Millionth Car in 19 Years 6 Months
12 June 2018
Hyundai Motor India said it had sold its eighth millionth car with the roll out its New 2018 edition of the CRETA SUV, within 19 years and six months of its operations in India.
Last week, its Japanese rival Maruti Suzuki announced having sold 20 million cars in 34 years and five months since it began making the iconic Maruti 800 in December 1983 (See: Maruti sets production record of 20 million cars in under 36 years).
Since inception, Hyundai Motor India, the second largest manufacturer of passenger cars and the largest exporter since inception, has sold 5,300,967 units in the Indian market and 2,703,581 units exported globally.
Hyundai rolled out its first millionth car, its popular tallboy, Santro, in 2006, just eighth years after commencement of commercial production in 1998. Thereafter, production picked up momentum, with the next million milestone being achieved within an average of 18 -19 months.
In the financial year 2017-18, it sold 5,36,241 units.
Y.K Koo, managing director and CEO, Hyundai Motor India Limited, said, “Evolution of a Revolution is Hyundai’s DNA... with the achievement of 8 millionth milestone, Hyundai is the only manufacturer to achieve this feat in the shortest span of time."
Hyundai Motor India entered into the Indian market in 1998 with innovative and first tall boy design, Santro, equipped with multi-fuel Injection and Bharat stage - II technologies.
The Santro sold over 1.85 million units worldwide from the Hyundai India manufacturing plant. With the commitment to bring-in the best technology to Indian customers, CRDi (common rail direct injection) technology was first brought-in by Hyundai and was launched in year 2002 with the sedan Accent CRDi. The success of two models was followed by many global premium brands – Sonata, Terracan, Elantra and Getz.
As India’s largest passenger car exporter since inception, HMIL forms a critical part of HMC’s global export hub. In the year 1999, Hyundai Motor India started its journey by shipping 20 Santros to Nepal. Today Hyundai Motor India has significantly contributed 40 per cent of passenger vehicle exports from India with a volume of 2.7 million vehicles since the year 1999. Hyundai Motor India currently exports to over 88 countries across Africa, Middle East, Latin America and the Asia Pacific.