Hyundai car output scales new high
Hyundai Motor India Ltd, on Monday, crossed another significant milestone as it rolled 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.
The exported models include Santro, i10, i20, Accent and the Getz, the company said. Hyundai has 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.
HMIL started production at Sriperumbedur in 1998 and the first car Santro was launched in September, 1998. Currently, HMIL manufacturers around seven models from its manufacturing plant with the i10 and the i20 being the latest. The i10 has taken over the mantle from the Santro as the largest selling compact with cumulative sales reaching almost 5 lakh units in just about two years since its launch in October, 2007.
HMIL has been designated as the small car hub and all its compact cars like the Santro, i10 and the i20 is only manufactured in India and currently exported to over 100 countries.
In November this year, Hyundai recorded the highest ever sales in HMIL’s history with sales touching a cumulative 55,265 units. Apart from this, Hyundai is also looking at expanding its export base to 125 countries in order to expand its overseas market.
