Hyundai Set To Power Up In India, Asian Target Markets Missing — Panjiva


Hyundai Set To Power Up In India, Asian Target Markets Missing

Cons. Discr. - Autos 661 India 283

Hyundai plans to develop three new electric vehicles for production in India, starting with the Kona in 2H 2019, which will include export sales to emerging markets. That follows expansion plans from Toyota and Suzuki and comes as Hyundai’s shipments from India surged 26% higher in the three months to June 30 on a year earlier. So far emerging Asia has been a minor market for Hyundai’s Indian operations with the top markets being South Africa (16% of exports in the past 12 months), Algeria and Mexico while the largest Asian destination was its domestic market of South Korea (5%).

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