South Korean auto major Hyundai Motor Company has achieved a significant manufacturing milestone, marking 100 million units of global cumulative production. This achievement was accomplished in 57 years since the company’s foundation, making it one of the fastest in the global automotive industry. In honour of this milestone, Hyundai Motor held a ceremony at its Ulsan Plant in Korea.

The company delivered its 100 millionth and first vehicle, an Ioniq 5, directly to a customer. The vehicle rolled off the final inspection conveyor belt at Ulsan Plant’s shipping centre during a special handover ceremony. The event also featured a celebratory display commemorating ‘100 million and 1’, symbolising Hyundai Motor’s commitment to pushing one step further with its past accomplishments as the foundation.

Jaehoon Chang, President & CEO, Hyundai Motor Company said, “Reaching global cumulative production of 100 million vehicles is a meaningful milestone that was possible thanks to our customers around the world who have chosen and supported Hyundai Motor since the very beginning. Taking on bold challenges and being in constant pursuit of innovation has enabled us to achieve rapid growth and will empower us to take ‘one step further’ toward another 100 million units as a mobility game changer.”

The automaker states that its Ulsan Plant, which began operations in 1968, holds significant historical importance as the ‘birthplace of the development of the Korean automobile industry.’ Notably, the plant produced Korea’s first mass-produced independent model, the Pony, in 1975.

At present, the Ulsan Plant is a central hub for electrification, and the company is establishing a dedicated electric vehicle (EV) facility at the site.

Dong Seock Lee, President and Head of Domestic Productions at Hyundai Motor Company added, “Each and every employee at Hyundai Motor has contributed to the accumulation of 100 million units through their hard work and dedication. This auspicious occasion is just the first step toward the future era of electrification that Hyundai Motor will lead.”

The historic achievement follows Hyundai Motor’s continuous growth, fuelled by the launch of its premium brand Genesis, the high-performance brand N, and the introduction of EVs such as the Ioniq 5 based on the dedicated electric global modular platform (E-GMP).

The company’s global footprint has expanded with production facilities in Turkey, India, the U.S., and the Czech Republic, contributing to record achievements including surpassing 50 million vehicles manufactured in 2013.

Last year, Hyundai Motor built on this momentum by establishing the Hyundai Motor Group Global Innovation Center Singapore (HMGICS), a new concept of a smart urban mobility hub. The innovative manufacturing platforms and advanced technologies developed there, including artificial intelligence (AI), robots, and smart factories, are set to be introduced to future production factories, such as Hyundai Motor Group Metaplant America (HMGMA), maximising production efficiency.

Comments (0)

ADD COMMENT

Link Copied!

Force Motors Limited has announced record-breaking financial results for the second quarter and first half of the fiscal year 2025-26, marking its highest-ever performance for these periods. The company, India's leading van manufacturer, achieved significant growth in profitability and operational metrics.

Financially, the company reported a standalone total income of INR 21.06 billion for Q2, an eight percent year-on-year increase, and INR 44.28 billion for H1, up 15 percent. Earnings saw an even more substantial rise, with EBITDA growing 33 percent YoY to INR 3.87 billion in Q2 and 34 percent for H1 to INR 7.44 billion. Profit After Tax surged remarkably by 148 percent in Q2 to INR 3.50 billion, a jump attributed to the shift to the New Tax Regime. The company also maintains a strong, zero-debt financial position.

This performance was propelled by robust operational success. Domestic sales volume grew by 16 percent in the first half, fuelled by strong demand for its Urbania, Traveller, Gurkha, Monobus and Trax vehicle ranges. The company also saw a 77 percent surge in export volumes. The Traveller platform continues to dominate its segment with a market share exceeding 70 percent.

The landmark results are credited to the strength of the company's product portfolio, operational excellence and a customer-centric strategy. By focusing on its core capabilities in shared passenger mobility, Force Motors has unlocked new growth opportunities. Looking forward, the company remains committed to sustainable growth by enhancing customer satisfaction, strengthening its product portfolio and expanding its international presence in a calibrated manner.

Comments (0)

ADD COMMENT

Link Copied!

Tata Motors Passenger Vehicles has announced it will present the Indian Women’s Cricket Team with the first lot of the soon-to-be-launched Tata Sierra SUV following their victory at the ICC Women's World Cup. The Tata Sierra is slated to be launched on 25^th November.

The company will gift the top-end model of the Sierra to each team member as part of its salute to the team’s journey and contribution to the country.

Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, said, “The Indian Women’s Cricket Team has made the entire nation proud with their extraordinary performance and remarkable win. Their journey stands as a true testament to determination and the power of belief, qualities that inspire every Indian. At Tata Motors Passenger Vehicles, we are privileged to present these legends with another legend, The Tata Sierra. This is our salute to their spirit and the pride they have brought to the nation – Two legends, One spirit, Infinite inspiration.”

Comments (0)

ADD COMMENT

Link Copied!

Maruti Suzuki India, the country’s leading passenger vehicle manufacturer, has attained a new milestone by crossing the 30-million-unit sales milestone in the domestic market.

The new benchmark was attained by the company over a course of 42 years, with the first 10 million unit sales taking 28 years and 2 months to achieve.

The 20 million unit sales took 7 years and 5 months, while the recent milestone took just 6 years and 4 months.

Interestingly, the entry-level hatchback Alto was the most preferred model in the country, with over 4.7 million units sold, followed by Wagon R with 3.4 million units and the sporty Swift with 3.2 million units.

The Brezza and Fronx SUVs also played an instrumental role in contributing to the sales milestone, being featured among the top 10 models sold in the country.

It was on 14^th December 1983, Maruti Suzuki India delivered its first model, the iconic Maruti 800, to its first customer.

Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India, said, “When I look at the length and breadth of India and think that 3 crore customers have placed their trust in Maruti Suzuki to realise their dream of mobility, it fills me with humility and gratitude. Yet, with car penetration at approximately 33 vehicles per 1,000 people, we know our journey is far from over. We will continue to make every possible effort to bring the joy of mobility to as many people as we can, while also be an asset to both the economy and the environment at the same time.”

Comments (0)

ADD COMMENT

Link Copied!

American electric vehicle maker Tesla has appointed Sharad Agarwal, former Chief Business Officer of Classic Legends, as its new business head, according to a report by Bloomberg.

The report further stated that Agarwal joined the EV maker a week ago and is tasked to drive sales for Tesla in India, which as per industry observers, has not performed as per the company’s expectations.

Agarwal, an automotive industry veteran, had begun his career with TVS Motor Co as Area Sales Manager in December 2002, before joining Mahindra First Choice Wheels as its Business Head for North and Eastern region in March 2007.

It was in January 2013, he moved to Audi India as the head of Sales, before taking over as the head of Lamborghini India in April 2016, where he spent almost 9 years, before joining Classic Legends.

During his tenure at Lamborghini, the Italian super luxury car maker saw its dealerships across India achieved a Return on Sales (RoS) of more than 10 percent, setting a new benchmark for the automotive business in the country. He also grew India’s ranking for the automaker as the third market globally in terms of PR visibility in 2021.

He also expanded Lamborghini India’s reach to over 60 cities, with sales volumes from Tier 2 and Tier 3 cities contributing more than 25 percent of the total.

Tesla, which formally started deliveries in September 2025 with its first dealership in Mumbai and the second facility in Delhi, has till date delivered 114 vehicles, of the estimated 600-plus bookings.

File photo for representational purposes only.

Comments (0)

ADD COMMENT

Link Copied!