In the fast-paced world of automobiles, Hyundai Motor India Ltd. (HMIL) has left an indelible mark by achieving an extraordinary feat – the highest-ever domestic sales in a calendar year. Let’s delve into the remarkable numbers and milestones that make 2023 a historic year for Hyundai in India.
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Hyundai India Breaks the 6 Lakh Barrier
In the calendar year 2023, HMIL surpassed the six lakh sales milestone, reaching a commendable 6,02,111 units. This achievement represents a noteworthy 9% increase compared to the previous year’s sales of 5,52,511 units. The numbers speak for themselves, highlighting Hyundai’s unwavering commitment to excellence.
Crunching the Numbers: A Car Sold Every Minute: To put this achievement into perspective, quick calculations reveal that, on average, Hyundai sold almost 1,650 cars every day in 2023. Breaking it down further, that’s approximately 68 cars sold every hour! The sheer magnitude of these numbers underscores the brand’s popularity and trust among Indian consumers. Not content with domestic success alone, HMIL elevated its export performance by an impressive 10%. The company shipped 1,63,675 units in CY2023, compared to 1,48,300 units in CY2022. This international success further solidifies Hyundai’s position as a global player in the automotive industry.
Commenting on this record-breaking achievement, Mr. Tarun Garg, COO, HMIL, said, “In the momentous year of 2023, Hyundai Motor India witnessed a watershed moment by achieving its highest-ever domestic sales of 6,02,111 units, achieving a respectable 9% growth over LY sales volume. HMIL has not just kept pace but surpassed industry growth (estimated at around 8.2%), a testament to customers choosing brand Hyundai as their preferred mobility brand. Also in 2023, we proactively expanded our annual production capacity by 50,000 units to meet the increasing demand from our customers.”
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Behind the Scenes: HMIL’s Strong Network and Model Line-up
Nationwide Presence: Hyundai’s success story is not just about numbers; it’s also about a robust and widespread network. Presently, HMIL operates with a staggering 1,366 sales points and 1,548 service points across India. This extensive reach ensures that Hyundai is accessible to customers far and wide, contributing significantly to the brand’s popularity.
Diverse Line-up: The strength of Hyundai lies in its diverse model line-up, featuring 13 car models across various segments. From the compact Grand i10 NIOS to the all-electric SUV IONIQ 5, Hyundai caters to a wide range of preferences and needs. The line-up includes popular models like i20, AURA, VENUE, CRETA, and more, showcasing innovation and style.
Manufacturing Excellence: At the core of Hyundai’s success is its fully integrated state-of-the-art manufacturing plant near Chennai. This facility boasts advanced production, quality, and testing capabilities, ensuring that every Hyundai vehicle meets the highest standards. The commitment to excellence in manufacturing contributes significantly to the brand’s success in the Indian market.
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Hyundai India’s Role in Hyundai Motor Company’s Global Reach
Hyundai Motor India Ltd. isn’t just a domestic success story; it plays a crucial role in Hyundai Motor Company’s global strategy. Serving as a vital part of HMC’s global export hub, HMIL exports vehicles to 88 countries across Africa, the Middle East, Latin America, Australia, and the Asia Pacific region. This global footprint positions Hyundai as a key player on the world stage.
As we bid adieu to 2023, Hyundai Motor India Ltd. stands tall, having achieved unprecedented success in domestic sales, exports, and global reach. With a diverse model line-up, a robust network, and a commitment to excellence, Hyundai is poised to continue its journey of driving success in the Indian automotive landscape.
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