Hyundai Motor India Ltd (HMIL) has achieved yet another commendable landmark by rolling out the fastest 1,500,000th car in September, nine years since Hyundai started production in India.
Commenting on the significant achievement, H S Lheem, Managing Director-HMIL, said, “Since its inception, Hyundai Motor India has been committed to honour the sentiments and desires of the Indian customers and has always brought the best and the latest in automotive technology and design backed by the best of warranty, competitive pricing and a huge sales and service support network.”
“This new record of producing the fastest 1,500,000th car will further empower Hyundai Motor India to play a vital role in the growth of Indian automobile industry. We are sincerely thankful to all our customers in India and in 67 countries across the world for choosing to drive with Hyundai,” Lheem added.
HMIL plans to expand the dealership network from 167 dealers in the beginning of 2007 to around 250 operational dealers spread across the country by the end of 2007. The metros will see multiple dealerships with some of the existing dealers opening their second or third showrooms.
HMIL is also setting up its second plant, which will produce an additional 300,000 units per annum, raising HMIL’s total production capacity to 600,000 units per annum by end of 2007. HMIL is investing to expand capacity in line with its positioning as HMC’s global export hub for compact cars.
Hyundai has achieved many significant milestones during its nine-year journey in the country. Hyundai Motor India rolled out its first car in September 1998, and in less than two years’ time it achieved a milestone by rolling out its 100,000th car in April 2000.
Thereafter, in December 2003, Hyundai rolled out its 500,000th car, becoming the first company to touch the 500,000-unit mark in record time. In March 2006, a little over seven years in its young journey, Hyundai rolled out the fastest 1,000,000th car, thus contributing significantly to the growth of the Indian automobile industry. With the rolling out of the 1,500,000th car, Hyundai has achieved this feat faster and in the shortest time in the Indian automotive industry.
HMIL is a wholly-owned subsidiary of Hyundai Motor Company, South Korea. HMIL currently markets 21 variants of passenger cars in six segments.