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Hyundai Verna Becomes Carmaker\'s 5 Millionth Car

  • Dec 01, 2017
  • 8771 Views

It took the company over 19 years to achieve this milestone


Copy of Hyundai_Verna_highres_MG_8837


Hyundai Motor India has just rolled off its five millionth car for the Indian market. It's the latest Verna, which is having a hard time displacing the Maruti Suzuki Ciaz and the Honda City and regaining its top spot.


Since entering the Indian market, the carmaker has slowly, but steadily, gained market share while simultaneously improving the revenue per car sold. Simply put, it's selling more cars and costlier cars today than it did a decade ago. It took the carmaker eight years and seven months to sell its first 10 lakh cars. Next 10 lakh sales were achieved in a much shorter period of just three years and seven months. The next million cars took two years and eight months while the subsequent million took four fewer months. Selling the last 10 lakh cars took the carmaker only two years.


Hyundai-Small-Car-Concept


In the recent years, Hyundai has significantly improved the design, performance, quality, and hence, the desirability of its cars. Buyers consider Hyundai cars a step above others and are willing to pay for a well-rounded package.


About the latest achievement, YK Koo, MD and CEO, Hyundai Motor India said, “Hyundai has a remarkable journey in India by becoming the most loved and trusted brand by customers, partners and experts. Today we are very happy to roll out the 5 Millionth car with the Next Gen VERNA in the Indian market, the fastest in the Industry symbolizing Hyundai's long-term commitment to the Indian market.  Hyundai’s Modern Premium Brand direction is a commitment to offer world class and benchmark products meeting customers aspirations. We will continue this momentum with strong efforts towards customer delight through unique experiences to customers. We thank our valuable customers and partners for their support and trust in Hyundai

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