Hyundai Becomes Top Seller in Vietnamese Auto Market
27 June, 2021
Hyundai sold 24,420 cars in Vietnam in the first five months of the year, overtaking Toyota (24,112) to be the most notable seller there. Its affiliate Kia sold 23,440 cars to rank third.
Japanese carmakers such as Toyota and Mazda had dominated the Vietnamese market for years since making inroads there in the 1970s. But a fresh era began this past year as Hyundai took the top spot regarding annual sales for the very first time in the united states, boosted by the popularity of its i10 and Accent compact sedans.
The carmaker has a joint-venture factory with a capacity to manufacture 100,000 cars annually, which was built in 2017 after it first entered the marketplace in 2011.
Hyundai can be expanding its market occurrence in other Southeast Parts of asia.
In India, Hyundai and Kia sold a combined 36,501 cars last month, edging out perennial leader Maruti Suzuki (32,903 cars), a subsidiary of Japanese carmaker Suzuki. The Korean carmakers' strong sales were driven by Hyundai’s small SUV Creta and Kia's Seltos.
Additionally, Hyundai is currently creating a plant in Indonesia with the purpose of making some 150,000 electric cars annually as a way to meet potential demand in the emerging Southeast Asian market. The plant is scheduled to be completed by late this season.
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