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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.


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