Hyundai Motor Brazil Factory Sold 1.8 Million Units Over 10 Years

[Image source=Yonhap News]

[Asia Economy Reporter Yoo Hyun-seok] Hyundai Motor Company's Brazil plant has recorded sales of approximately 1.8 million units in 10 years since its entry.

According to Hyundai Motor IR data on the 25th, the cumulative sales volume of Hyundai Motor's Brazil plant, which first started operations in September 2012, was counted at 1,758,810 units.

Domestic sales in Brazil were 1,719,868 units, and exports were 38,942 units. The Brazil plant produces two locally specialized models: the HB20 and the compact SUV Creta.

The HB20 is a Brazil-local strategic model and a Flex-Fuel vehicle that can use two types of fuel: bioethanol and gasoline.

Since its launch in 2012, the HB20 has gained great popularity, surpassing 10,000 units in monthly sales within just four months.

In the first quarter of this year, it ranked first in domestic sales with 18,716 units, and last year, it sold a total of 86,455 units, ranking second.

The Creta, a compact SUV launched in 2017, is also produced in Brazil as well as Russia and Indonesia.

In the first quarter of this year, it sold 12,667 units, ranking sixth, and last year, it sold 64,759 units, ranking tenth.

The Brazil plant located in Piracicaba, S?o Paulo, is Hyundai Motor's key base in Latin America, with an annual production capacity of 180,000 units and a site area of 1.39 million square meters, equivalent to 184 football fields.

Hyundai Motor Brazil Corporation turned from a net loss of 4.9 billion KRW in the first half of last year to a net profit of 76.1 billion KRW in the first half of this year, and its market share in Brazil showed an upward trend, recorded as 9.0% (4th place) in 2019, 10.11% (4th place) in 2020, and 11.62% (4th place) last year.

This content was produced with the assistance of AI translation services.