Hyundai Motor India on Thursday said it has crossed the half-a-million mark in cumulative exports, with the loading of its latest product the i10 at the Chennai port.
"We are on the right track and growing as far as exports of Hyundai cars are concerned. And we have achieved this thanks mainly to the quality and reliability of our cars," HMIL Managing Director H S Lheem said.
The company reached the first milestone of exporting 1,00,000 cars in four years and 10 months that ended in October 2004.
In October 2005, it exported its 200,000th car, followed by 300,000th car and 400,000th car in October 2006 and August 2007 respectively. "By exporting the 500,000th car, HMIL has become the fastest Indian passenger car manufacturer to achieve this stupendous milestone," the company claimed.
To cater to the demand from domestic and overseas markets, HMIL has doubled the production capacity from 300,000 units to 600,000 units per annum with the commissioning of the new plant in Chennai in February this year.
It is targeting 530,000 units this year, of which 212,000 units will be exported. Currently, Hyundai Motor India is exporting four of its most popular models namely the i10, Santro, Getz and Accent to around 90 countries.
