Hyundai Excel

Hyundai Excel

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Hyundai is one of the most famous brands of current transport market. It is one of the first 100 most valuable brands of the world, is operating business in around 193 countries at the moment and selling vehicles through 5000 showrooms and dealership. It is a self-grown South Korean brand of automobiles established in 1960’s, currently a part of the biggest Hyundai KIA Automobile Group. The company has faced steady growth in past few decades in different countries of the world. The first founder of Hyundai was “Chung ju Yung”, who was born into a poor family in Korea. Yung was quick to fill the void, having raised enough capital for the investment from his very profitable construction business, started in 1947. One year after its birth, the Hyundai Motor Company signed a technology-share agreement with Ford in 1968. Soon after Hyundai's access to Ford's resources, the first Hyundai car was developed: the Cortina. This model was quickly followed by the release of the Pony, Hyundai's first entirely Korean designed and built model. Its blueprints however, were not all-Korean, the company having used Japanese technology from Mitsubishi to develop the car. Moreover, Hyundai would only cross US borders later, in 1986, with the release of the Excel. The subcompact car was an instant hit with its fairly small price tag accounting for most of its popularity. The Excel was such a hit that it sold in over 100,00 units in the first seven months. At the beginning of 90’s, the company made huge investment in improving the design and technology and the company became one of the quality car manufacturer companies.
                                                                                                                          Posted By:Jahan