Hyundai Sees Russia Auto Market Progress Slowing In 2019

Share with your Friends
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

South Korea-based carmaker Hyundai Motor Co. expects progress within the Russian auto market to sluggish sharply subsequent yr, the pinnacle of its Russian department mentioned on Monday. Automakers have warned that Russia’s plan to boost the value-added tax in 2019 would hit automotive gross sales, which have solely simply began to recuperate from 4 years of stagnation. Hyundai forecasts automotive gross sales in Russia will develop 5-6 p.c in 2019, after an anticipated improve of 12.eight p.c this yr, the corporate’s Russian managing director Alexei Kalitsev instructed reporters.

Hyundai plans to maintain its 10 p.c market share in Russia subsequent yr and improve gross sales to 190,000 automobiles from 180,000 in 2018.


Share with your Friends
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
TOP NEWS  Automobili Pininfarina Companions With Rimac For EV Know-how