Increase in commercial sales ‘expected’ at Hyundai

South Korean car manufacturer Hyundai has stated that it is expecting to shift more of its larger vehicles in the future, it has been reported.

According to The Hankyoreh, the firm has commented that it has invested some 600 billion won (£367 million) into the development of diesel engines for use with commercial models.

It added that four, six and ten-litre systems have been put together over a period of 39 months in order to boost the firm’s presence in the sub-sector.

By 2010, the company is hoping that its efforts are rewarded with a 33 per cent increase of bus and truck sales, pushing its annual volume to 80,000 from the 60,000 it currently sells.

In addition, the South Korean news source commented that Hyundai commercial vehicle vice president Lee Jae-yoon would like the manufacturer to enter the US and European markets by 2011.

Hyundai Motor Company was originally founded in 1967 and its headquarters can be located in Seoul.

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