South Korea’s Hyundai Motor Group on Monday said it positioned third in the first half of global vehicle deals on increased top-of-the-line model deals notwithstanding the absence of semiconductor chips.
Hyundai Motor, its independent Genesis brand and Hyundai’s smaller member Kia Corp sold 3.299 million vehicles in the global market in the January-June period, following Toyota Motor Group’s 5.138 million units and Volkswagen Group’s 4.006 million units, as per their sales information.
In the first six months, expanded deals of Genesis models, the all-electric Hyundai IONIQ 5 and the pure electric Kia EV6 pushed up the Korean carmaker’s sales positioning, reported Yonhap news organisation.
The group position bounced from fifth with deals of 3.475 million automobiles in the first half of 2021. The Korean automaker’s first-half sales fell 5.1 per cent from a year sooner, faring better compared to its worldwide rivals.
Agency Reports explained that Toyota Group’s deals declined six per cent, Volkswagen Group’s dropped 14 per cent, Stellantis’ shed 16 per cent, and General Motors plunged 19 per cent. Stellaris is a 50:50 joint venture set up through the consolidation of US carmaker Fiat Chrysler Automobiles NV and French automaker PSA Groupe.