Hyundai Motor India Limited (HMIL), a wholly owned subsidiary of Hyundai Motor, has marked the production of the five millionth car at its manufacturing unit in Chennai, since it started local production in 1998.
With an investment of US$2.7bn, the HMIL has successfully completed 15 years of bringing products to India’s market.
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With a GDP contribution of 4% to the Tamil Nadu State government, HMIL has significantly contributed to the Indian economy since 1996.
Hyundai has turned its Indian operations into a global small car sourcing hub and around half of what it makes in India is exported.
Speaking on the occasion, B. Seo, CEO of HMIL said, “The five millionth car roll-out is an important milestone and a symbol of Hyundai’s long-term commitment to the Indian market. As we reach this significant landmark, I thank our valuable customers, founding partners, employees, dealers and suppliers for their support and commitment. We will continue to focus our efforts in the Indian automobile industry through continued investments and world-class products.”
