Industry News

Hyundai India Exports 5,000 Units in May amid Corona Crisis

Pronami Chetia
Pronami Chetia

In midst of the 4.0 nationwide lockdown, Hyundai Motor India Ltd on Saturday said it has exported over 5,000 units in May after resuming production at its Chennai plant earlier this month. Hyundai began production at its plant on 8 May producing more than 5 000 units for the export market,

the country's second-largest carmaker said. 

Hyundai has restored about 35-40% of its average monthly shipments 

As per the report, the company’s export volumes for May suggest it has restored about 35-40% of its average monthly shipments after it restarted operations following the 45-day plant shutdown from 23 March. Hyundai exported 14,000–14,500 cars on an average per month during the last fiscal, showed data from Society of Indian Automobile Manufacturers (Siam). 

Hyundai EMI Assurance 

Moreover, Hyundai has introduced new EMI policy for its customers keeping in mind the ongoing scenario and crisis. Hyundai EMI Assurance is committed to coverage of up to 3 EMI’s on your car loan in case of job loss.  

S S Kim, managing director and chief executive officer (MD & CEO), Hyundai Motor India said, “We have once again made a humble beginning towards normalcy by exporting more than 5,000 units in May 2020. This is a testimony of our resilient efforts towards localisation and to accentuate economic recovery". 

However, the company said it exported 181,200 cars with 792 customised variants during the calendar year 2019 and had a market share of 26% to the total exports of passenger cars from India. 

‘Make in India – Made for the World’. In line with our global strategy, we have now exported more than 3 million vehicles to 88 countries, which reaffirm our commitment to the country," said Kim. 

Currently, Hyundai exports 10 models that include Atos (also known as Santro), Grand i10 Nios and Aura variants, Elite i20, Xcent, Venue and Creta SUVs. The firm exports to 88 countries including Latin America, Africa, Asia Pacific and Europe 

Moreover, Hyundai’s popular models are SANTRO ERA, GRANDi10, GRANDi10 NIOS, ELITE i20, ELANTRA. 

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