MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Hyundai Motors India Limited becomes the country's largest exporter of automobiles

Hyundai Motors India Limited becomes the country's largest exporter of automobiles

Hyundai Motors India Limited becomes India's largest exporter of automobiles with an export share of 26 percent in passenger car exports, having shipped over three million cars as of 2020. Hyundai's Creta surpassed the two lakh units cumulative this October. With exports commencing soon after, the Creta in its new generation launched this year has only added to demand, even posting the highest figures ever for the model line in domestic sales last month.

It is reported that HMIL exported over 1.8 lakh units with 792 customized variants of 10 vehicles last year, adding strength to the 'Make-in-India' initiative. The firm has also opened one of India's largest designing and manufacturing units to create more cars suitable for Indian roads. The firm is also aiming to launch more user-friendly vehicles in the coming years. It is also seeking to launch electric vehicles by the end of 2023.

HMIL serves as an export hub for Hyundai Motor Corporation and exports vehicles to 88 countries across five continents, including 32 countries in South America, 28 countries in Africa, 26 countries in the Asia-Pacific region, and Europe and Mexico. Currently, HMIL exports Atos (Santro), Grand i10, Xcent, Grand i10 (Nios), Grand i10 (Aura), Elite i20, i20 Active, Accent (Verna), Venue, and the new Creta.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED