• Tuesday, March 19, 2024

Business

Hyundai exports over 5,000 cars from India in May

By: Pramod Thomas

Hyundai Motor India exported over 5,000 units in May after resuming production at its Chennai-based plant on May 8, the company said on Saturday (30).

The company has reinforced its commitment to support the government’s ‘Make in India’ vision with more than 5,000 export units for May, the automaker said in a statement.

The South Korean manufacturer is the second biggest automaker in the country after Maruti.

“We have once again made a humble beginning towards normalcy by exporting more than 5,000 units in May. This is a testimony of Hyundai’s resilient efforts towards localisation and to accentuate economic recovery,” Hyundai India MD and CEO SS Kim said.

The company initiated vehicle exports from India in 1999 has till date dispatched over three million units to around 88 countries in four continents, he added.

In last calendar year, the company exported 1,81,200 units with 792 customised variants according to country-specific preference and demand.

“With a market share of 26 per cent in 2019 to the total exports of passenger cars from India, the company has made a significant contributor to the Indian automobile industry,” the statement furtherr said.

The company currently exports 10 models, including Venue and Creta.

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