Monday, July 13, 2020
Home Business finance Hyundai Motor India Exports Over 5K Units in May Amid Lockdown

Hyundai Motor India Exports Over 5K Units in May Amid Lockdown

Hyundai Motor India has reportedly exported 5K units amid lockdown

Automobile major Hyundai Motor India on Saturday reported to have exported more than 5,000 units during May 2020.

Accordingly, the company said that in-line with the government’s vision of ‘Self-reliant’ India and to support the objective of promoting economic revival, Hyundai re-started its plant on May 8 producing more than 5,000 units for export market.

“We began our export operations in India in 1999… In line with our global strategy, we have now exported more than 3 Million vehicles to 88 countries which reaffirm our commitment to the country,” S.S. Kim, MD and CEO, Hyundai Motor India was quoted as saying in a statement.

“We have once again made a humble beginning towards normalcy by exporting more than 5 000 units in May 2020. This is a testimony of Hyundai’s resilient efforts towards localization and to accentuate economic recovery.”

Hyundai Motor India
Hyundai Motor India is exporting only 10 models as of now. Pixabay

At present, the company is exporting 10 models namely – “ATOS (SANTRO), GRAND i10, XCENT, GRAND i10 (NIOS) & GRAND i10 (AURA), ELITE i20, i20 ACTIVE, ACCENT (VERNA), VENUE and All New CRETA”.

Also Read: The Future Of India will Be Based on ‘Aatmanirbhar Bharat’

Globally, Hyundai Exports ‘Made-In-India’ cars to 88 Countries in 4 continents.

In CY 2019, Hyundai Motor India exported 181,200 units with 792 customised variants according to country specific preference and demand.

“With a market share of 26 per cent in CY 2019 to the total exports of passenger cars from India has made Hyundai a significant contributor to the Indian automobile industry,” the statement said. (IANS)

STAY CONNECTED

18,989FansLike
362FollowersFollow
1,783FollowersFollow

Most Popular

Shilpa Shetty Shares Simple Yoga Tips to Beat Lockdown Muscle Stress

Months of being confined at home and the inability to go for a walk or hit the gym has led to stiffening of muscles...

Rising Diesel Prices Put Transport Sector at Disadvantage

Unexpected rise in diesel prices despite slower demand has put the transport sector at a big disadvantage as rising fuel cost has further shrunk...

85% Travelers Likely to Take a Road Trip This Summer: Report

Summer travel inarguably looks different this summer, and while domestic stays, road trips and flexible bookings look like the road ahead, there's a lot...

Mothers, Kids Lose 20% Health, Social Services During Pandemic: Study

Mothers, newborns, young children and adolescents are losing 20 per cent of their health and social services due to the Covid-19 pandemic, according to...

69% Indians Feel Need of Lockdown in 49 Districts: Survey

Worried over the rising number of cases, 69 per cent feel a stringent lockdown in 49 districts which have India's 80 per cent case...

Indian Railways to Go Carbon-Free by 2030

In a bid to make itself carbon-free by 2030, the Indian Railways has initiated a number of major initiatives to mitigate global warming and...

How Finance and Lifestyle Are Interlinked With Each Other

By Amanda Jerelyn When it comes to measuring and quantifying lifestyle, there is a broad range of things to consider. This can include diet, health, buying...

The Dynamic of Tibet and the Chinese Dream of Expansion

Tsering Woeser uses her blog named Invisible Tibet, together with her poetry and nonfiction and social media platforms like Twitter to give voice to...

Recent Comments