Since resuming operations on 8th May, Hyundai has exported more than 5,000 cars so far this month taking their overall count since inception to over 3 million.
With the lockdown norms being eased this month, automobile manufacturers have been able to resume work at their manufacturing facilities. Hyundai commenced operations on 8th May, and since then they have shipped out more than 5,000 units. While demand in the domestic market is limited due to the coronavirus pandemic and the resultant economic crisis, concentrating on exports is the right approach to maintain profitability and meet annual targets.
Speaking on the topic, S S Kim, MD & CEO, Hyundai Motor India Ltd. said, 'We have once again made a humble beginning towards normalcy by exporting more than 5000 units in May 2020. This is a testimony of Hyundai’s resilient efforts towards localisation and to accentuate economic recovery. Drawing strength from Hyundai’s vision of ‘Progress for Humanity’ we will continue to offer an all-round premium experience to our customers through our quality products, both in India and global markets.'
Hyundai has been doing well in the export market in recent years – in the financial year ending 31st March, Hyundai held the number one spot in the passenger vehicle export in the country. In the 2019 calendar year, Hyundai sent out 1,81,200 units from the country. Since inception, the Korean carmaker has now exported more than 3 million vehicles from India. Hyundai currently exports Make in India cars to 88 countries across 4 continents, including 33 countries in the Latin American market, 28 countries in Africa, 26 countries in the Asia-Pacific region and 1 country in Europe.