South Korean automaker Hyundai Motor India Ltd (HMIL) said on Wednesday that its 10 millionth car, a 7-seater Alcazar SUV, rolled out from its manufacturing facility in Sriperumbudur near Chennai, Tamil Nadu, marking its 25 years of service in India.
Tamil Nadu Chief Minister M K Stalin was present at the factory and he signed on the bonnet of the car to mark the occasion, Hyundai said.
S S Kim, MD & CEO, HMIL said, “This historic milestone of the 10 millionth car roll-out is a testimony of Hyundai’s commitment towards the Make in India initiative. Furthermore, it also showcases our vision of boosting the socio-economic development in the State of Tamil Nadu and making the country more self-reliant.”
“Inspired by our global vision of ‘Progress for Humanity’, Hyundai has always brought positive change in the lives of its stakeholders and communities. Today’s launch of community-centric social value initiatives is one of the many programs we have rolled-out for the benefit of society. We thank all our customers who continue to believe in us and make Hyundai the most trusted smart mobility solutions provider,” he added.
Hyundai’s one-millionth car from the facility was rolled out in 2006 while the five millionth was in 2013.
The automaker invested over USD 4 billion besides generating 2.50 lakh jobs since setting up the unit in 1998, said the company in a media release.
Hyundai currently has 1,154 sales, 1,295 service outlets covering 862 cities, the statement added.
Hyundai began operations in Sriperumbudur in 1998 with the commissioning of the first integrated car manufacturing plant outside Korea.
HMIL has also announced community social value initiatives for Tamil Nadu including inauguration of ‘Dream Village Project-2’, construction of a child care centre aimed to benefit 500 people every year, and the launch of income-generation programme (dairy farming) for rural women to benefit 200 families in Kancheepuram district.
The largest SUV maker in India has launched its fifth offering in the segment on Friday. While Hyundai’s market share in the SUV segment for 2015 was at 11.3%, in 2019 it came to 22.7% and 25.5% in 2020. Going forward, the new product offering holds the