Hyundai Motor India on Monday claimed that it has crossed the 25 lakh units-mark in production from its Sriperumbedur facility in Tamil Nadu.
The Sriperumbedur facility was first set up in 1998 and it rolled out its first car, the Santro, from it in September 1998. The Santro went off to become one of the most popular cars in the Indian automobile market as well as in the overseas market with total cumulative sales of around 15 lakh units till date.
Along with the Santro, the company also rolled out the Accent in 1999. Currently, the Indian subsidiary of the Korean car company manufacturers around seven models from its manufacturing plant with the i10 and the i20 being the latest. The i10 is currently Hyundai's largest selling compact with cumulative sales reaching almost 5 lakh units in just about two years since its launch in October, 2007.
Hyundai Motor India took 11 years to reach the 25 lakh units-figure in production.
“It is a proud moment for Hyundai as it is not only the second manufacturer to have achieved this, but also the fastest,” Hyundai Motor India Senior Vice President (Marketing and Sales) Arvind Saxena said.
He attributed the success to the company's overseas sales in 100 countries.
“Before Hyundai Motor India started exporting ‘Made-in-India’ cars, we hardly had any presence in the international market. But today they are present in over 100 countries and Indian made cars are acceptable in terms of quality and performance,” Saxena said.
Hyundai Motor India is also the largest car exporter from the country. In 2008, the company sold a total of 4,89,328 units, of which 2,43,931 units were in the overseas market.
Moreover, out of the total 25 lakh units that were produced approximately 16 lakh units were sold in the country while as the remaining 9 lakh units were exported. The exported models include the Santro , i10, i20, Accent and the Getz.