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Old 24th May 2006, 12:48   #1
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Default Hyundai completes 10 years in India!

Knowing Hyundai, i am sure they will offer a few "specials" to celebrate this event..

Celebrates 10th Foundation Day -


Chennai, May 17: Hyundai Motor India Ltd (HMIL), the country’s second largest automobile manufacturer, which has completed a decade in the country, celebrated its 10th Foundation Day today.

Having started operations in 1996, HMIL has an illustrious history in India. HMIL emerged as the second largest automobile manufacturer in the country in just 6 months after it began its production and rolled out its 100,000th car from its Chennai plant within just 19 months of commencement of operations. The company is also credited with the unique distinction of rolling out the fastest one-millionth car in March this year.

Speaking on the occasion, Mr H.S. Lheem, Managing Director, HMIL said: “The span of ten years has witnessed a series of milestones achieved by the company, making HMIL not only the second largest but also the fastest growing car manufacturer in India in such a short span of time.”

The company has emerged as the largest automobile exporter in the country. Last year HMIL has exported over 1,00,000 vehicles to around 60 countries and has achieved the record breaking sales of over 30,000 units in the month of March 2006.

“Over the years, our offerings have received very favorable responses in the Indian market, consistently winning several automobile awards and accolades. The continuous support and faith of our customers has enabled HMIL to market best-selling cars in all segments in the industry,” Mr. Lheem added.

With growing sales and new launches in the pipeline, Mr. Lheem commented, “While our dominance across segments is a reflection of the consumer confidence we enjoy; it has been an endeavor at Hyundai Motor India to actively invest in society.”

HMIL has chartered the Hyundai Motor India Foundation (HMIF) with the objective of addressing the expectations of society and initiating concrete steps towards extending support in the fields of Health Care, Educational and Vocational training, Environment, Road Safety, Art, Science and Technology, Natural Calamity and Heritage re-building. This project is solely funded by HMIL.

As its first initiative, HMIF has undertaken to renovate the Senate House, which is a 150-year-old heritage building of the University of Madras. The foundation has also donated a Hyundai Accent to Care Foundation, a non-profit Society engaged in providing Health Care to people from economically weaker sections and those living in rural areas.

Hyundai is committed to road-safety, and undertakes myriad initiatives ranging from creating awareness to help implement road discipline, besides producing cars that conform to the highest safety standards to make the Indian roads safer. Hyundai Motor India, in association with the Institute of Road Traffic Education and Delhi Traffic Police, launched an innovative road safety program called "Hyundai Traffic Squad", a Student Traffic Volunteers Scholarship Scheme to create road safety awareness and support Delhi Traffic Police in improving Traffic Management System in Delhi.


“HMIL is committed towards collective excellence, and the Hyundai Motor India Foundation will play a pivotal role in further enhancing public charitable initiatives towards fundamental societal needs. An amount of Rs.100/- out of every domestic car sale will add up to the funds of Hyundai Motor India Foundation,” said Mr. Lheem.

About HMIL
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company, South Korea and is the second largest and the fastest growing car manufacturer in India. HMIL presently markets 31 variants of passenger cars in six segments. The Santro in the B segment, Getz in the B+ segment, the Accent in the C segment, the Elantra in the D segment, the Sonata Embera in the E segment and the Tucson and Terracan in the SUV segment.

The company recorded combined sales of 252,851 during calendar year 2005 with a growth of 17.26% over year 2004. HMIL is India's fastest growing car company having rolled-out 10,00,000 cars in just 90 months since its inception and is the largest exporter of passenger cars with exports of over Rs. 1,800 crores. HMIL has recorded a growth of 27.2% in exports over the year 2004.

HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts some of the most advanced production, quality and testing capabilities in the country. In continuation of its investment in providing the Indian customer global technology, HMIL has announced plans for its second plant, which will produce 300,000 units per annum, raising HMIL’s total production capacity to 600,000 per annum by 2007.

HMIL is investing to expand capacity in line with its positioning as HMC’s global export hub for compact cars. Apart from expansion of production capacity, HMIL plans to expand its dealer network, which will be increased from 157 to 200 this year. And with the company’s greater focus on the quality of its after-sales service, HMIL’s service network will be expanded to over 1,000 in 2006.

The year 2005 has been a significant year for Hyundai Motor India. It achieved a significant milestone by rolling out the fastest “200,000th” export car. HMIL exports to over 60 countries globally and made a foray into the highly competitive UK market by exporting its first shipment of 820 cars.

HMIL has many awards in its bouquet. Recently Sonata Embera won "Executive Car of The Year 2006" award by Business Standard Motoring Magazine and Tucson has been declared as "SUV of The Year " by NDTV Profit-Car & Bike awards 2006.The mid-size sedan Accent won two awards, Accent Petrol-No 1 Entry mid-size car and Accent Diesel-No 1 mid-size diesel car by TNS. It was declared “The Star Company” amongst unlisted companies by Business Standard this year. Getz got the coveted “Car of the Year 2005” award twice over. It was declared a winner by both Business Standard Motoring and CNBC-TV18 Autocar Auto awards. Hyundai Elantra won the CNBC-TV18 Autocar “Best Value for Money” Car Award.

HMIL was also the “Manufacturer of the Year” two years in a row in 2002 and 2003. ICICI Overdrive Awards declared Hyundai as the “Car Maker of the Year” in 2003. Hyundai products with state of the art technology have also been winning many accolades over the years. Santro bagged top honours in JD Power Asia Pacific for three years. Accent was ranked No. 1 in J D Power Asia Pacific APEAL for two years and also got Business Standard Motoring Jury award for its CRDi model.

HMIL has also been awarded the benchmark ISO 14001 certification for its sustainable environment management practices.

About HMC
Established in 1967, Hyundai Motor Co. has grown into the Hyundai Kia Automotive Group which includes Hyundai Mobis and over two dozen auto-related subsidiaries and affiliates. Employing over 68,000 people worldwide, Hyundai Motor posted US$27.383 billion in sales in 2005 (on a non-consolidated basis). Hyundai motor vehicles are sold in 193 countries through some 5000 dealerships and showrooms. Hyundai Motor Co. is a sponsor of the 2006 FIFA Germany World Cup. Further information about Hyundai Motor Co. and its products is available at http://www.hyundai-motor.com
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Old 24th May 2006, 16:25   #2
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Congrats,on completing 10 years.
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Old 24th May 2006, 20:25   #3
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Congratulations on completing 10 very eventful years. Though the last 4 have been a slump compared to the start, I know Hyundai has more than a few tricks up its sleeve for the next decade.

Job well done

GTO

P.S. I dont really remember any Hyundai "special occasion" cars. That award goes to Ford and GM who seem to celebrate every single day.
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Old 24th May 2006, 21:09   #4
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Great; not for nothing is Hyundai India's third ranked automotive manufacturer, eh? Way to go. From the aims that Hyundai have in it's sights, the day isn't far when it vies for the top. Now, how about some NFSU2 Special Edition Tuscanis/Tiburons, Santa Fe's, and those Embera diesels to fill up the coffers and whet our appetites, yes....
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Old 24th May 2006, 22:00   #5
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Congrats Hyundai. Hoping for more success in the coming years (and less crappy ads and less lies about things)
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Old 24th May 2006, 23:19   #6
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Hoep hyundai is celebrating the 10 year thing with some freebies for US hyundai customers lol
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Old 25th May 2006, 09:50   #7
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Well deserved congratulations to Hyundai - for entering the market as a relative unknown and firmly establishing themselves.
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Old 25th May 2006, 12:20   #8
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Congrats Hyundai... Hope we will see more quality cars from them and less crap ads...
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Old 10th September 2012, 22:44   #9
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Default Re: Hyundai completes 10 years in India!

A very early newsitem when Hyundai's finally decided to take a plunge in India

Hyundai completes 10 years in India!-picture-242.jpg

(Metropolis on Saturday, Bombay)
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Old 10th September 2012, 22:49   #10
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Default Re: Hyundai completes 10 years in India!

Congratulations Hyundai.

They really had 10 succussful years in India. I see Hyundai as the only one manufacturer who posed a real threat to the Maruti's dominance in India. It is Hyundai which forced Maruti to introduce more modern and better cars to the Indian market.
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Old 11th September 2012, 09:29   #11
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Default Re: Hyundai completes 10 years in India!

Quote:
Originally Posted by rameshnanda View Post

Congratulations Hyundai.

They really had 10 succussful years in India.

rameshnanda I guess you missed out on one small thing Dude. This post is dated to 2006 when Hyundai completed 10yrs.

So Technically, they have completed about 16yrs in India now.


Quote:
Originally Posted by rameshnanda View Post

I see Hyundai as the only one manufacturer who posed a real threat to the Maruti's dominance in India. It is Hyundai which forced Maruti to introduce more modern and better cars to the Indian market.
I couldn't possibly agree more with you on this. In fact, Hyundai is "Arguably" the Brand that Launched 'Affordable Premium Family Cars' per se in India.

Till Date, Not Many Can match Hyundai Cars Creature Comforts.
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Old 11th September 2012, 09:32   #12
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Default Re: Hyundai completes 10 years in India!

Quote:
Originally Posted by Vik0728 View Post
rameshnanda I guess you missed out on one small thing Dude. This post is dated to 2006 when Hyundai completed 10yrs.

So Technically, they have completed about 16yrs in India now.
Thanks. It is the result of sitting late night .
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Old 11th September 2012, 11:23   #13
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Default Re: Hyundai completes 10 years in India!

They have got the pulse of the average Indian buyer. Give her (and him) the best interiors in the class, and laugh all the way to the bank. Cutting edge technology be damned, a good conservative middle of the road design is what you get.
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Old 11th September 2012, 17:36   #14
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Default Re: Hyundai completes 10 years in India!

isn't the thread popping up now with the current title a bit confusing?

Probably an edit with years marked along side, say something like;
Hyundai completes 10 years (1996 - 2006) in India!
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