Hyundai exports 500,000 units from India

New Delhi, Mar 27: Hyundai Motor India Ltd (HMIL), country's leading car manufacturer, today said its cumulative exports crossed the half-million mark (500,000 units) and now targets exports of 2.12 lakh units for 2008. The total target production for 2008 is 5.3 lakh units, said a statement. HMIL reached the first milestone of exporting 100,000 cars in four years and ten months in October 2004. In October 2005, it exported its 200,000th car followed by its 300,000th car and 400,000th car in October 2006 and August 2007 respectively.

Commenting on the company's export performance, company Managing Director H S Lheem said, ''no matter where you drive in the world be it the Autobahn of Germany or the Motorway of UK you are bound to come across cars made by HMI and this is indeed a sight which should make everyone connected with Indian operations and India very proud.'' To cater to the enormous demand for Hyundai products in the domestic and overseas markets, HMIL has doubled the production capacity from 300,000 units to 600,000 units per annum with the commissioning of the new plant in Chennai in February this year.

Currently, HMI is exporting four of its most popular models namely -- the i10, Santro, Getz and Accent models to around 90 countries and this list is expected to grow further in the coming years.

UNI