From Santro to Creta, Hyundai completes 25 years in India
Automobile News: Hyundai Motor India on Wednesday completed 25 years in the country and informed it had sold over 9 million units since its establishment here. From Santro to the likes of Creta, Verna, Venue and Grand i20, the Hyundai has become the country's second-largest car maker and the largest exporter of cars in India.
The foundation stone for Hyundai Motor India's manufacturing facility at Sriperumbudur near Chennai was laid on May 6 of 1996.
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Besides Santro, other products like the, Creta, i20, Getz, Accent and more were added to the lineup of Hyundai in the subsequent years.
While Hyundai entered in the field of SUVs as well, the company managed to expand its sales as well. With its products like Creta, Venue, Verna, Aura, i20, Grand i20 NIOS and Tuscson, the car making company has managed to have a market share of 17.4 percent in calendar year 2020.
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SS Kim, MD and CEO at Hyundai Motor India, said "It gives immense pride to have come this far developing a sustainable and thriving ecosystem that leads to collective evolution of the Indian automotive industry."
So far, Hyundai has invested around $ 4 billion in India. Also, it is exporting its products from India to 88 countries. From half a million units exported in 2008, it has taken this figure to three million.
Hyundai is having an immense fan following. Also, several new players like Kia has entered the field of automobiles who are giving a strong competition, Hyundai is having its own place in India.
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-PTC News
