Some Interesting Facts about India’s Most Loved Car Brand - Hyundai

Posted on: Apr 4, 2022 | | Written by:

Some Interesting Facts about India’s Most Loved Car Brand - Hyundai

The Korean car-makers Hyundai has been a popular name in India for over a decade. The primary reason behind this is the company's dedication to building strong vehicles and providing the best possible features in the range. Having car Insurance can be like a cherry on the cake when you have a Hyundai car.

Hyundai is one of the most preferred car companies in the country. The brand has witnessed ups and downs since its entry into the Indian market in 1996. The company has come out stronger and accomplished its goal of becoming the leading car brand in India.

Let's have a look at some of the interesting facts about Hyundai Motor India Limited

1. Hyundai, a part of the Indian market since 1996

Hyundai Motor India Limited entered the Indian Market back in 1996 when Maruti Suzuki dominated the market. Despite the presence of several indigenous car brands like Mahindra, Tata, etc., Hyundai managed to make an impression. Soon the brand began to be picked by the Indian people, which led to its huge prominence. Since its entry, the brand has introduced various models, and almost all its cars have gained popularity.

2. Hyundai Motor Company, the parent unit

As a matter of fact, Hyundai Motor India Limited is a part of the Hyundai Motor Company of South Korea. It already made contributions to the South Korean market before coming to India. Mr Chung Ju-Yung was the founder of this company. After the independence of South Korea, Mr Chung began with shipbuilding and gradually became the largest shipbuilder. By 1947, Hyundai Motor Company was introduced. The first car, Hyundai Subcompact Excel was released in the USA in 1986. The company introduced itself in India in 1996 with Hyundai Santro as its first release.

3. Hyundai Santro, the brand's first face

The first vehicle introduced by Hyundai in the Indian market was Santro. The model was released in 1998 and it is still one of the most-loved and most-sold vehicles of the brand. In recent times as well, the company has released a new variant of Santro. This was the first-ever car in the Indian market, back in 1998, with a new design and look. This hatchback came as a leading choice when the market was filled with ambassadors and sedan models, People showed immense love and preference.

4. Leading car manufacturer

Hyundai became extremely popular after the release of Santro. After this model, the brand introduced variants of Hyundai Accent. Again, unsurprisingly, this variant is still in the market. Soon, the brand became the second largest car manufacturer in the country after Maruti Suzuki with a market share of 12.70% as of December 2021.It is a matter of pride to continue car variants for over a decade, showing how popular and reliable these models are.

5. Hyundai Creta, the most sold

Creta, one of the recent models of Hyundai, has been the company's best-selling car for two years. A few years back, in 2015, this compact SUV model was introduced. The brand, since then, has sold more than 6 lakh pieces of Creta in India. The quality interior, luxurious design, and shape of the car, and the fact that it is an SUV with 16 variants brought a lot of attention. Most people desire to have a car with a strong body and spacious interior, and this is what Creta offers. This compact SUV has been a hit in the Indian market with a current market share of 35.48%.

6. The Hyundai diesel engine - an economical choice

One of the primary reasons Hyundai cars run well for so long is their strong engine. The brand offers both petrol and diesel engines. The diesel models have powerful engines that are quite economical, and this is one of the reasons why it stands apart and is often heavy on its competitors. The diesel variants have great compression ignition engines.

7. Hyundai, Indian car of the year

ICOTY awards have been a matter of pride for the brand. The Indian Car Of The Year award has been awarded to Hyundai for the amazing features and overall benefit it offers in the range. The engine, body quality, and other remarkable features are the reasons why the jury chooses Hyundai for this award. The brand has won this award seven times out of 13. Let’s have a look at them:

● 2008: Hyundai i10

● 2014: Hyundai Gran i10

● 2015: Hyundai Elite i20

● 2016: Hyundai Creta

● 2018: Hyundai Verna

● 2020: Hyundai Venue

● 2021: Hyundai i20

8. A leading exporter of vehicles

The brand did not stop spreading its wings after being introduced in India. Soon after it became a part of India, the brand became India's largest exporter of passenger vehicles. Currently, the brand exports vehicles to more than 87 countries. Hyundai was the first such car brand that built a record of exporting more than 1 million cars in 10 years.

Conclusion

In a nutshell, it can be said that Hyundai has become an integral part of the Indian car world. With its exceptional features at an affordable range, the brand has gathered a huge crowd. With SUV models like Creta, Hyundai has further expanded its customer base in India. The tag of ICOTY well explains the prominence of the brand. The reliability of the brand's engine and its strong body has kept the brand running well for so long. The buyers can also purchase hyundai Insurance along with the car. Hyundai Insurance offers the best possible features at reasonable premium rates.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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