Gurugram, February 15 The country’s leading automobile manufacturer Hyundai Motor India Limited (HMIL) has completed 25 years of exports from India. During this period, the company’s position as the largest exporter in the sector has strengthened.
HMIL said in a statement that after starting its exports from India in 1999, the company has sold over 37 lakh cars from India to countries around the world in the last few years.
The company’s export figures reflected the success of India’s effort for self-reliant and globally competitive automobile production.
Over the years, Hyundai has expanded its global reach, exporting cars to over 150 countries.
Currently, the company supplies vehicles to over 60 countries, with Saudi Arabia, South Africa, Mexico, Chile and Peru emerging as its top markets in 2024.
The company said that Hyundai exported a total of 1,58,686 vehicles in the year 2024. Among the best-selling export models, the i10 family has crossed the 1.5 million unit mark in overseas sales. The popular Verna series has crossed the five lakh unit mark.
The carmaker has also achieved a major milestone by exporting more than 1 million vehicles to Africa.
According to HMIL Managing Director Unsoo Kim, “Hyundai Motor India Limited is proud to be the largest exporter of passenger vehicles from India on a cumulative basis.”
He said that this is a testimony to the growing trust in Indian engineering and the popularity of Indian craftsmanship around the world.
Kim said, “Under our global vision of progress for humanity, our resolve to serve global customers with a wide range of smart mobility solutions will continue to grow stronger as we commit ourselves to Make in India, Made for the World.”
Policies such as the production-linked incentive (PLI) scheme for the automobile sector and the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme have encouraged investments in vehicle production and exports.
Meanwhile, the automobile manufacturer reported a net profit of Rs 1,161 crore in the third quarter of FY2024-25.This was a 19 per cent decline from the figure of Rs 1,425 crore in the same quarter of FY2023-24.
