Hyundai Motor India Production touches 6 lakh units in 2010

Hyundai Motor India Ltd. (HMIL), the second largest car manufacturer and the largest passenger car exporter, has achieved a historic milestone by reaching the production of 6 lakh units, the highest since inception in a calendar year. HMIL is the only Indian manufacturer to offer a full range starting from the compact Santro to the top end luxury SUV – Santa Fe and enjoys a market share of around 20 pc. HMIL sells 7 models with 47 variants in the Indian market. It currently exports approximately 42 pc of its production to around 120 countries across the globe with i10 being the largest exported model. HMIL started operation in 1996 and the first Santro rolled out in September, 1998. Right from the beginning HMIL has always been the trend-setter. From the record of setting up the plant in just 17 months to becoming the 2nd largest car manufacturer in just 6 months to rolling out 150,000 cars in about 25 months, Hyundai has fulfilled everybody’s expectations. In August, 2010 Hyundai Motor achieved the remarkable distinction of reaching the 30 lakh car production in a record time of less than 12 years. With this achievement, HMIL becomes only the second manufacturer in India to have achieved this distinction. It was also the fastest to reach the sales mark of 20 lakh (2 million) units in the domestic market in November, 2010.