Sales of Hyundai excavators climb 45% in India in 2016

Hyundai Heavy Industries (HHI), the Group’s Construction Division, today announced that it has sold approximately 2,600 excavators in India in 2016, an increase of 45% from 2015.

HHI attributes this significant increase in sales to its stronger dealer network, improved services, versatile products and improved machine quality. Not to mention the 7% economic growth observed in India in recent years. 8 years after the completion of the Hyundai plant in Pune (Maharashtra), HHI ranks second in the Indian market.

With the Indian government’s target of investing $ 377 billion in infrastructure by 2019, the market in India is expected to experience remarkable growth. HHI has already been able to reap the benefits of this trend with significant increases in sales in Nepal, Sri Lanka, Bangladesh and Bhutan. The manufacturer also holds the largest or second market share in emerging markets such as Myanmar, Laos, Vietnam, Cambodia or Pakistan.

Hyundai’s efforts will not stop there. "In order to boost our daily production capacity by 16 units, our production lines are undergoing renovation," says Kim Jong-yu, Managing Director of Hyundai Construction Equipment India.