Gurugram, 15 February (IANS). The country’s leading automobile manufacturer Hyundai Motor India Limited (HMIL) has completed 25 years of export from India. During this period, the company’s position as the largest exporter in the region has strengthened.
HMIL said in a statement that after starting its exports from India in 1999, the company has sold more than 37 lakh cars in countries around the world in the last few years.
The company’s export figures showed India’s success of self -sufficient and globally competitive automobiles.
Over the years, Hyundai has expanded its global reach by exporting cars to more than 150 countries.
Currently, the company supplies vehicles to more than 60 countries, with Saudi Arabia, South Africa, Mexico, Chile and Peru emerged as its top markets in 2024.
The company said that in the year 2024, Hyundai exported a total of 1,58,686 vehicles. Among the best selling export models, the I10 family has crossed the 1.5 million unit mark in sales abroad. The popular Verna series has crossed the five million unit mark.
The car manufacturer has also achieved a major achievement by exporting more than 1 million vehicles to Africa.
According to HMIL Managing Director Unu 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 proof of the growing trust on Indian engineering and the popularity of Indian craftsmanship worldwide.
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 be stronger because we ourselves for Made in India, Made for the World Let’s commit. “
Production-Linked Promotion (PLI) scheme for automobile sector and rapid adoption of hybrid and electric vehicles and policies such as manufacturing (fame) scheme have encouraged investment in vehicle production and exports.
Meanwhile, the automobile manufacturer recorded a net profit of Rs 1,161 crore in the third quarter of FY 2024-25. It was a 19 percent decline from a mark of Rs 1,425 crore in the same quarter of FY 2023-24.
-IANS
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