Tuesday, Mar 25 2025 | Time 13:30 Hrs(IST)
Business Economy


Hyundai completes 25 yrs of exports from India

Hyundai completes 25 yrs of exports from India

Chennai, Feb 14 (UNI) Passenger car markers Hyundai Motor India Limited (HMIL) on Friday said it has completed 25 years of exports from India, reinforcing its position as the country's largest exporter of passenger vehicles.

Commencing exports in 1999, HMIL has exported over 3.7 million Made in India vehicles till date.

Over the last 25 years, it has exported passenger vehicles to over 150 nations across the globe and currently exports to over 60 countries.

The globally acclaimed Hyundai i10 family surpassed the milestone of 1.5 million, and the extremely

popular VERNA family crossed 500,000 exports on a cumulative basis.

In CY 2024, Saudi Arabia, South Africa, Mexico, Chile and Peru emerged as the largest export markets for HMIL by volumes.

Hyundai exported a total of 1,58,686 vehicles in CY 2024, a company statement here said.

Commenting on this export milestone, Company MD Unsoo Kim said HMIL proudly stands as the

largest exporter of passenger vehicles from India on a cumulative basis.

Having exported over 3.7 million units over the last 25 years, HMIL has earned significant amount

of forex for the nation, while putting India on the world map for its manufacturing mettle.

This is testimony to the increasing level of trust on Indian engineering and popularity of Indian

craftmanship worldwide.

"Aiming to become the largest export hub for Hyundai outside South Korea, we aspire to continue

our growth trajectory in the coming years", he said.

HMIL also achieved the milestone of surpassing export of one million units to Africa and commenced

exporting the Hyundai EXTER to South Africa in 2024.

Hyundai EXTER, manufactured exclusively by HMIL, is the eighth Made in India model in the South African market.

UNI GV 1655

More News

SMFG India Credit raises USD 175 mln via ECB; to expand lending portfolio

25 Mar 2025 | 12:31 PM

Mumbai, Mar 25 (UNI) Non-banking Finance Company SMFG India Credit (SMICC), on Tuesday said it has successfully raised USD 175 million via External Commercial Borrowing (ECB) for expanding its lending portfolio and supporting customers across various segments.

see more..
Mega steel plant will curb migration in North Karnataka: Baldota

Mega steel plant will curb migration in North Karnataka: Baldota

25 Mar 2025 | 11:58 AM

Bengaluru, Mar 25 (UNI) Weather unpredictability has exacerbated economic challenges in North Karnataka, leading to significant migration for employment. The region has suffered from recurrent droughts, with 16 drought years recorded between 2001 and 2023, resulting in acute water shortages.

see more..
Sensex up over 700 pts

Sensex up over 700 pts

25 Mar 2025 | 10:41 AM

Mumbai, Mar 25 (UNI) Extending gains for the seventh straight session on Tuesday, the BSE Sensex rallied 717 pts at 78,701.15 following gains in IT, Technology and Bankex stocks.

see more..

Rupee falls 2 paise against USD

25 Mar 2025 | 10:26 AM

Mumbai, Mar 25 (UNI) The Rupee on Tuesday declined two paise at 85.66 in opening session on rising demand for US Dollar by bankers and importers, dealers at the Forex Market said.

see more..

KEI Industries Ltd becomes Principal Partner with RCB

24 Mar 2025 | 8:27 PM

Kolkata, Mar 24 (UNI) KEI Industries Ltd has announced its strategic association with Royal Challengers Bengaluru as Principal Partner for the upcoming Men’s T20 league 2025, 18th season.

see more..