Hyundai Motor's production volume overseas 2022, by factory
Kia Motors and Genesis Motor, it forms the Hyundai Motor Group. This group is the third largest vehicle manufacturer in the world, after the Japanese Toyota and the German Volkswagen group.
Hyundai's overseas vehicle production
As a multinational, world-ranking manufacturer, which operates around the globe, Hyundai does not rely solely on its domestic plants for manufacturing. Alternatively, Hyundai has eleven automobile manufacturing companies producing Hyundai-branded vehicles in eight different countries, as can be seen in the statistic. Together, the eleven companies and their local plants produced around 2.7 million vehicles in 2019 - which extends far beyond the 1.8 million vehicles from Hyundai's three domestic plants. The plants in India, run by the joint venture HMI, produced the most Hyundai-branded vehicles by far, with approximately 706 thousand produced in 2022. Closing in on second was HMMA's US plants, which turned out over 332.9 thousand vehicles. However, in contrast to most other countries, in which production has been steadily increasing throughout the past few years, Hyundai's two Chinese companies have produced fewer vehicles than previous years. A noticeable slump could also be seen in its Russian plant, with production falling from over 234 thousand in 2021 to around 44 thousand in 2022.
Hyundai's overseas sales figures
In 2019, Hyundai’s overseas figures fells by around 184,000 vehicles compared to the previous year. This is mostly due to a sales slump in China; most other markets have shown sales growth. One of Hyundai’s responses has been to switch its focus from China to India. India is considered a market with huge potential for growth. It already has the fourth largest automobile market in the world, but it also has a very low rate of approximately 30 vehicles per 1,000 people. Hyundai Motor India is the second ranking carmaker in India, with around 15 percent of market share. It has also exhibited steadily growing annual production and sales figures over the past several years. Hyundai and its subsidiary Kia are both investing heavily in India, in the form of new plants and investment in local companies.
Hyundai Motor Company is South Korea's leading automobile manufacturer. Together with its subsidiaries: Hyundai's overseas vehicle production
As a multinational, world-ranking manufacturer, which operates around the globe, Hyundai does not rely solely on its domestic plants for manufacturing. Alternatively, Hyundai has eleven automobile manufacturing companies producing Hyundai-branded vehicles in eight different countries, as can be seen in the statistic. Together, the eleven companies and their local plants produced around 2.7 million vehicles in 2019 - which extends far beyond the 1.8 million vehicles from Hyundai's three domestic plants. The plants in India, run by the joint venture HMI, produced the most Hyundai-branded vehicles by far, with approximately 706 thousand produced in 2022. Closing in on second was HMMA's US plants, which turned out over 332.9 thousand vehicles. However, in contrast to most other countries, in which production has been steadily increasing throughout the past few years, Hyundai's two Chinese companies have produced fewer vehicles than previous years. A noticeable slump could also be seen in its Russian plant, with production falling from over 234 thousand in 2021 to around 44 thousand in 2022.
Hyundai's overseas sales figures
In 2019, Hyundai’s overseas figures fells by around 184,000 vehicles compared to the previous year. This is mostly due to a sales slump in China; most other markets have shown sales growth. One of Hyundai’s responses has been to switch its focus from China to India. India is considered a market with huge potential for growth. It already has the fourth largest automobile market in the world, but it also has a very low rate of approximately 30 vehicles per 1,000 people. Hyundai Motor India is the second ranking carmaker in India, with around 15 percent of market share. It has also exhibited steadily growing annual production and sales figures over the past several years. Hyundai and its subsidiary Kia are both investing heavily in India, in the form of new plants and investment in local companies.