Anjali Sharma
GG News Bureau
NEW YORK, 27th Feb. According to the data showed on Monday the combined overseas production of Hyundai Motor and Kia, including in India surpassed 3.68 million units in 2023, the biggest offshore output since the outbreak of the Covid-19 pandemic.
According to data from the Korea Automobile Manufacturers Association, Hyundai Motor and Kia, South Korea’s leading automakers, produced 3,678,831 finished vehicles at 13 overseas production bases last year, news media reported.
Hyundai produced 2,243,069 vehicles in 8 countries the United States, India, China, Turkey, Czech Republic, Brazil, Indonesia and Singapore and Kia produced 1,435,762 vehicles in the U.S., China, Slovakia, Mexico and India.
In 2023, the combined output represents a 2.9 percent increase compared with 2022.
It marked their biggest tally in four years since 2019 before the onset of the pandemic.
Data said that per nation, vehicles produced from India amounted to 1.08 million units, followed by those from the U.S., China and Slovakia, with 727,000 units, 394,249 units and 352,240 units, respectively.
It added that an overall growth trajectory in production, the consistent production decline in China stood out. The combined output of the companies in China amounted to 1.83 million units in 2016.
Russia stood out as Hyundai, which has operated a production base in Saint Petersburg, did not produce a single vehicle in the country last year.
Hyundai had produced over 200,000 units annually in Russia from 2012 to 2022.
The production sharply declined to 40,000 units in 2022 and has remained suspended since the outbreak of the Ukrainian War.
The company opened Motor Group Innovation Center in Singapore.
