Friday, March 5, 2010

Hyundai's cumulative sales crossed 10 lakh mark

Hyundai Motor India Ltd which is country's largest car exporter and second largest car manufacturer today accomplished yet another milestone as its total sales figure crossed 10 lakh units mark. Excited by the achievement Hyundai dispatched first-ever consignment of its vehicles to Australia from the Chennai port this morning. Hyundai India has become first-ever company to cross 10 lakh unit mark in a record time of around 11 years.

In year 1999 HMIL started exporting cars in India with dispatching a shipment of 20 Hyundai Santro models to Nepal and in less then five years of its operations company managed to achieve a milestone of exporting 100,000 cars ,in October, 2004. After this Hyundai never looked back as in October, 2005 it exported its 200,000 units followed by its 300,000 car in October 2006 and 400,000th car in October, 2007. Company kept its growth momentum in year 2008 also and in March 2008 it crossed 5 lakh unit mark and become fastest Indian passenger car manufacturer to achieve this stupendous milestone in record time. Currently Hyundai has 66% market share in the segment of passanger car export segment in India.

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