Achieves fastest 2 million car production in a span of 12 years
Hyundai Motor India Ltd. (HMIL), the second largest car manufacturer and the largest passenger car exporter, today reached a historic milestone with the sale of its vehicles reaching 20 lakh (2 million) mark in the domestic market.
On the occasion, H. W. Park, Managing Director & CEO, HMIL, said, “Today is a red-letter day for all of us at Hyundai family. We are extremely delighted to share this achievement with all our stakeholders and we believe this was possible because of our total commitment to the Indian market and the faith our customers have put in our products. Needless to say we will continue to build “Brand Hyundai” in the market here and bring in the best of products and technology.”
The first Santro rolled out in September, 1998. Right from the beginning HMIL has always been the trend-setter. From the record of setting up the plant in just 17 months to becoming the 2nd largest car manufacturer in just 6 months to rolling out 150,000 cars in about 25 months, Hyundai has fulfilled everybody’s expectations. Hyundai Motor achieved this remarkable distinction of reaching the 20 lakh car production for domestic market in a record time of about 12 years. In December, 2009, HMIL had touched the milestone of fastest production and sales of 25 lakh units (cumulative). With these achievements, HMIL becomes only the second manufacturer in India to have achieved these distinctions.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
