The lucky number 5 million goes to none other than Hyundai’s new successful car, Grand i10, which was launched last month. Apart from being the second largest car manufacturer, Hyundai is also the largest car exporter in the country. They have been operating in India since the last 15 years. Their plant is located near Chennai and has a production capacity of 6.8 lakh cars annually. Hyundai India’s investment in India stands at $2.7 billion.
Speaking on the occasion, Mr. B.S. Seo, MD and CEO, HMIL expressed, “The 5 Million Car Roll-Out is an important milestone and a symbol of Hyundai’s long-term commitment to the Indian market. As we reach this significant landmark, I would thank our valuable customers, founding partners, employees, dealers and suppliers for their support and commitment. We will continue to focus our efforts in the Indian automobile industry through investments and world-class products.” For more information, scroll through the press release below.
Hyundai Motor India Rolls Out 5 Millionth Car
Newly launched Hyundai Grand rolled out to celebrate the occasion
Chennai – 17 October 2013: Hyundai Motor India Limited (HMIL), the country’s largest exporter and the second-largest car manufacturer today marked the production of the 5 Millionth car at its manufacturing unit in Irrungattukottai, near Chennai since it started production in the India in 1998.
Hyundai has successfully completed 15 years in India of bringing world-class products to the Indian market. With an investment of USD 2.7 billion and production capacity of 6.8 lakh cars in the Indian market.
With a GDP contribution of 4% to Tamil Nadu State government HMIL has significantly contributed to the Indian economy since 1996. Leading with 46% export market share and 20.3% in the passenger car segment, Hyundai has become the most loved and trusted car manufacturer in India.
HMIL’s CSR arm, Hyundai Motor India Foundation (HMIF) has been founded to follow sustainable, compassionate and effective practices for our stakeholder community and has announced a programme to plant 1 million trees as part of ‘Go Green’ Initiative. HMIF has planted 2 lakh trees till date under this novel initiative.
With the 5 Million Car Roll-Out, Hyundai also celebrates 15 years of excellence in India accompanied by their long term association with Shahrukh Khan. Hyundai and Shahrukh Khan’s association has been one of the longest brand ambassador associations in India.