A major car maker on Thursday said it will sell 7.7 million Hyundai cars to South Korean buyers in the next six months.
Hyundai, which has a market share of around 40% of the world’s auto sales, said it plans to sell 1.3 million vehicles a month to Korean customers in the first quarter of 2019.
Hyundai is hoping to bring back the sales of the last two years, which totaled around 2.2 million cars a month.
The move is the latest move by a South Korean carmaker to increase its presence in Asia, where the country has a long history of exporting its cars to customers in Asia.
Hyundai said the new partnership with South Korea’s Kia Motors is a result of the country’s increasing automotive market share.
Hyundai has a global market share in the country of 10.7%.
Hyundai has been expanding into other markets, such as Japan, China and South Korea.
It announced last week that it will open an office in South Korea to tap into the Korean market.
Read more here: http://www.businessinsider.com/japan-to-market-7.7-million-samsung-china-chinese-senshi-sport-car-sold-for-7-billion-euro-from-japan/ _______________________________________________________________ ____________ __________________________________________