Hyundai completes 25 years of Made in India car exports
Chennai: Hyundai Motor India has completed 25 years of exporting Made in India cars. It has so far exported 3.7 million cars through the Chennai Port to over 150 countries.
Commencing its exports in 1999, Hyundai achieved exports of one million by 2010, two million by 2014 and three million by 2020 and has been maintaining its position as India's largest exporter of cars cumulatively.
It recently commenced exports of the Creta Electric to neighbouring markets, while Saudi Arabia, South Africa, Mexico, Chile and Peru were among the top export markets for HMIL in FY2024-25.
'Year 2024-25 marked a significant milestone for HMIL having completed 25 years of exports from India and thereby reaffirming its position as the country's largest exporter of passenger vehicles, cumulatively till date. With an aim to become Hyundai's largest export hub outside South Korea, we aspire to continue the growth trajectory in exports in the coming years,' Unsoo Kim, managing director, HMIL said in a statement.
'Exports have gained strong momentum in the recent months and we aim to sustain this trajectory going forward. For FY26, we anticipate the growth in export volumes to be around 7%-8%, supported by robust demand for our products in the emerging markets,' Kim added.
'As the largest automobile export port on the east coast, Chennai Port has been a key cog in Hyundai Motor India's export operations since 1999, with it serving as the gateway for Made in India automobiles making their way to the world,' said S Kirupanandasamy, traffic manager — Chennai Port Authority, while highlighting the benefits for both the company and the port on account of the strategic MoU signed in the past between the two.
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