Hyundai Exports Over 3.7 Million Vehicles from India, Expands Presence

18 Feb 2025 CW Team

Hyundai Motor India Limited (HMIL), a major player in India’s automobile sector, has reached a milestone of over 3.7 million vehicle exports, celebrating 25 years of global shipments. Since launching its export operations in 1999, Hyundai has become the largest exporter of passenger vehicles from India.

The company's continued success reflects India's growing self-reliance in automobile production and its increasing competitiveness in global markets. Hyundai has expanded its export footprint to over 150 countries, with its cars being shipped to more than 60 nations. In 2024, the top markets included Saudi Arabia, South Africa, Mexico, Chile, and Peru.

Hyundai exported 1,58,686 vehicles in 2024 alone. Among its best-selling export models, the i10 family has surpassed 1.5 million units, while the VERNA series has exceeded 500,000 units in global sales. Additionally, Hyundai has achieved a significant milestone by exporting over 1 million vehicles to Africa.

Government policies, including the Production-Linked Incentive (PLI) scheme and the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, have further encouraged investments in vehicle production and exports.

(ZeeBiz)

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