ID :
202021
Thu, 08/18/2011 - 06:05
Auther :
Shortlink :
https://oananews.org//node/202021
The shortlink copeid
Hyundai becomes largest passenger car seller in Mongolia
SEOUL, Aug. 18 (Yonhap) -- Hyundai Motor Co., South Korea's largest carmaker, said Thursday that it has become the No. 1 seller of passenger cars in Mongolia in the first half of the year.
The company said it sold a total of 583 new vehicles in the country in the January-June period for a market share of 37 percent. In 2010, Hyundai ranked third in market share after selling 189 cars.
Hyundai outpaced Japan's Toyota Motor Co. and Nissan Motor Co., which sold 524 and 185 passenger cars, respectively, in the six month period.
In the first half, a total of 1,572 new cars were sold in the country, with sales likely to reach around 1,000 units in the second half, Hyundai said.
Hyundai also said that it has been selected by the Mongolian government to supply taxis to replace old vehicles that have been cited for bad fuel economy and air pollution.
Ulan Bator has been moving since 2008 to implement policies designed to upgrade its public transportation systems.
Under the deal, the carmaker will supply 1,200 Avante compact cars that will further solidify Hyundai's control of the taxi market. At present, around 85 percent of all taxis in the country are made by the company.
The company said it sold a total of 583 new vehicles in the country in the January-June period for a market share of 37 percent. In 2010, Hyundai ranked third in market share after selling 189 cars.
Hyundai outpaced Japan's Toyota Motor Co. and Nissan Motor Co., which sold 524 and 185 passenger cars, respectively, in the six month period.
In the first half, a total of 1,572 new cars were sold in the country, with sales likely to reach around 1,000 units in the second half, Hyundai said.
Hyundai also said that it has been selected by the Mongolian government to supply taxis to replace old vehicles that have been cited for bad fuel economy and air pollution.
Ulan Bator has been moving since 2008 to implement policies designed to upgrade its public transportation systems.
Under the deal, the carmaker will supply 1,200 Avante compact cars that will further solidify Hyundai's control of the taxi market. At present, around 85 percent of all taxis in the country are made by the company.
