Hyundai has achieved production milestone of five million units in the domestic market as new strategies are being devised to further up the ante
Hyundai Motor India Ltd. has added another milestone to its resume as the five millionth car from the South Korean brand has been rolled out of the production lines. The second largest car maker in the country started its journey in the Indian market way back in late 1990s and quickly became a major force in the volume space.
It is also the leading exporter of passenger cars in the nation and marking the five millionth special occasion, the latest generation Verna sedan took the honours. It is doing a stellar job since its market entry a few months ago against well established rivals like the Maruti Ciaz and Honda City.
Hyundai’s Millionth Production Timeline:
|1 Million||April 2007||8 Years & 7 Months|
|2 Million||Nov 2010||3 Years & 7 Months|
|3 Million||July 2013||2 years & 8 Months|
|4 Million||Nov 2015||2 Years & 4 Months|
|5 Million||Nov 2017||2 Years|
Back in April 2007, Hyundai manufactured its one millionth car and it was none other than the car that set the tone for the Seoul-based company in the domestic market, the Santro. The timeline of every millionth achievement tells a big story as each has been achieved in shorter time than the previous.
For instance, it only took a couple of years for Hyundai to go from four million to five million between November 2015 and November 2017. Hyundai has constantly been expanding its footprint across India and it currently has over 2,200 sales and service points including 422 outlets in rural regions.
Hyundai launched the Creta in late 2015 and it became a prominent sales driver in no time, complementing the likes of the Grand i10 and Elite i20. Its recent product, the Verna, has been gathering good response as well.
In response to the increased rivalry, Hyundai will be introducing the facelifted i20 early next year while the heavily updated Creta could enter the market during the second half of 2018. Amidst huge expectations with a new small car, a possible Santro successor, a subcompact SUV is also on the cards for 2019.