Hyundai Motor India Limited (HMIL), receives the ‘Niryat Shree’ award for 2005-2006 by President Pratibha Patil in a function organized by the Federation of Indian Export Organisations (FIEO). The award was credited to the company's outstanding performance in export of the Engineering and Metallurgical products.
This is not the first award by Hyundai. Last year also, the company had received the ‘Top Exporter of the year’ award for the year 2005 - 06. It is believed that the company accounts for about 67% of the total car exports from the country. In 1999, when Hyundai started its exporting cars, the company exported about 20 cars to Nepal and today it is known to export across 95 countries across the globe.
In terms of export, the company has marked several milestones in its journey. The first significant milestone was marked in October 2004 with an export of 100,000 cars. The Hyundai's export market continued to grow and its completed the target of exporting 20,000th car in October 2005. This was further followed by 300,000th car export in October 2006 and 400,000th car in August 2007. In March 2008, the company had crossed the export target of half million, that leaves a significant mark on the Indian export market.
On this occasion, Ashok Jha, President of Hyundai Motor India Ltd. said, “We are honoured and delighted to receive this award. We understand the critical role of exports in bridging the country’s trade gaps. The honour accentuates our endeavour to be one of the major contributors to India’s rapidly growing economy, playing our part in India’s growth as a car manufacturer as well as an exporter.”