2014 has been an excellent year, says Hyundai India CEO

The company achieved highest market share of 21.6% for first time in India

Hyundai Motor India Ltd (HMIL) said that 2014 has been an excellent year for the company and it achieved the highest market share of 21.6% for the first time in India. The Korean automajor's Indian arm also said it has surpassed its target of selling 4 lakh vehicles in the domestic market.

Bo Shin Seo, managing director and CEO, HMIL, commented that 2014 has been an excellent year for Hyundai Motor India. The company recorded sales in 2014 at over 4.10 lakh units driven by growth across segments

He claimed that the company's products have witnessed good success in the respective segments.

"We intend to continue our growth in 2015 and with new products coming next year, we will create the right conditions to reinforce our claim to leadership over the long term,” said Seo.

Bo said, India plays important role in the market for Hyundai Motor Company.

He said network presence is one of the key strengths for the company, which it intends to grow further in 2015 with new products slated to be launched next year.