Top 10 Automobile Companies in India 2016

Posted in Top Brand Lists, Total Reads: 865
Advertisements

2. Hyundai Motor India Ltd

Hyundai Motor India Ltd, which is a wholly owned subsidiary of Hyundai Motor Company of South Korea. Hyundai entered Indian market in the year 1996.

image:pixabay

HMIL’s first car in India was Hyundai Santro in September 1998 which was a great success & within months of its launch, Hyundai India became second largest automobile manufacturer in the country, only next to Maruti Suzuki which had its root in India for over a decade. From that point, there was no looking back and HMIL still holds the same sweet second spot.

Advertisements

HMIL established a high quality production unit in Chennai & to cater its increasing demand started a new facility in Sriperumbudur, Tamilnadu.  HMIL produces 6, 70,000 units every single year in these two units combined & it’s the India’s leading automobile exporter for straight ten years. Currently, the cars produced in HMIL are exported to over 90 countries. HMIL also has a Research & development center in Hyderabad. On February 22, 2010 HMIL achieved the milestone of exporting 1 million cars across the globe. On October 17, 2013 Hyundai Motor India Ltd rolled out 5 million cars in India. HMIL has more than 600 service centers in India. HMIL’s total income in the financial year 2014-2015 was INR 27421.4 crores which was 7.87% higher than the previous financial year. But, its net profit declined by 6.6 % from the previous year to INR 1035.04 Crores due to higher outgo on account of royalty payments and depreciation. Hyundai Motor India Ltd has a market share of 16.17 % in 2014-2015 which was 15.18% in the previous year.

Units Sold:476000

Market Share:17.30%