Hyundai Motor India Ltd (HMIL) sets a target of rolling 10 millionth car by the first half of 2021 from its Sriperumbudur manufacturing facility, near Chennai, from where the company on Monday rolled out its seven-millionth car.
Creta AT got the distinction of being the seven-millionth car.
With this, HMIL has achieved the second best position in Hyundai Motor group amongst its overseas peers, only after China. It is also the first auto manufacturer in India to achieve this feat in a record time within 18 years of commercial operation.
It may be noted, HMIL rolled out its first millionth car, a Santro, in 2006 just eight years after commencement of commercial production in 1998.
Thereafter, production picked up momentum, with the next millionth milestone being achieved within an average of 18 -19 months. The five-millionth car was flagged off in October 2013.
Managing director and Chief Executive Officer of HMIL, Y K Koo, said, " HMIL has always set new benchmarks in terms of quality and customer delight by introducing new products with new technology and design to the Indian market, demonstrating superior manufacturing prowess. Our 'Made in India' products have impressed global and Indian customers alike."
"We now have to move to realise our vision as announced during our 20th year of foundation on May 6th, 2016, of being the Market Leader, Great place to work, Most loved and trusted the brand with Modern premium brand essence to touch 10 million units within the first half of 2021," Koo added.
HMIL has held the top exporter position consistently for 12 years since 2004 with a volume of 24,64,723 to date. It currently has ten car models across segments — Eon, i10, Grand i10, Elite i20, Active i20, Xcent, Verna, Creta, Elantra, Tucson and Santa Fe. HMIL's fully integrated manufacturing plant forms a critical part of HMC's global export hub.
It currently exports to around 92 countries across Africa, Middle East, Latin America, Australia and the Asia Pacific.
Sources :business-standard.com
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