Hyundai Trucks & Buses now third among CVs in the country

Updated Jun 07, 2021 | Same topic: Automotive Industry Updates

Hyundai holds a 19.1% market share in the CV segment.

Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai commercial vehicles (CVs) in the country, managed to rank third in the local CV segment. This is a testament to the Korean car brand’s drive to continuously improve its services in the local CV industry.

Hyundai Philippine commercial vehicles

Hyundai PH's CV game is going strong

In its April 2021 year-to-date (YTD) sales report, HARI sold 711 CV units, a 672.8 percent increase as compared to the same period last year. The sales number translates to 19.1 percent in the overall sales in the local CV segment which is enough for HARI to clinch the third spot in the ranking.

Part of the car brand’s growth in the local CV industry is its dependable and reliable construction trucks that consist of the HD36L Maxculado, HD65, HD65X, and Xcient trucks. These Hyundai CVs have made their mark in three of the truck categories including Category III, Category IV-A, and Category V.

Hyundai Country front view

The Hyundai County bus

As for the Bus segment sales, HARI recorded a whopping 76.5 percent market share by selling 52 units headed by the County. Take note that the car brand managed to accomplish the said feat despite the travel restrictions amid the global health crisis which limited the use of buses and people-haulers.

Moreover, HARI has rolled out various efforts to advance the Public Utility Vehicle (PUV) Modernization Program in areas such as Pangasinan and Cavite. With this, the HD50 Class 2 Modern Jeepney and HD50S Modern PUV Class 3 helped improve the CV presence of the car brand in the country.

Hyundai HD600L front view

Hyundai will continue improving its CV lineup for entrepreneurs and the economy

HARI will remain strong amid the challenges during these trying times to not only improve its services in the CV industry, but also support Filipino entrepreneurs with their businesses. This will boost and move the economy for a better new normal.

“We welcome this new achievement of Hyundai Trucks and Buses in the Philippines as a big win, not only for us at HARI and our dealer network, but even more inspiringly, this is a triumphant milestone for Filipino entrepreneurs, because of their boldness to keep on going by partnering with brands like Hyundai to help move the economy for the better in every way possible,” said HARI President and CEO Ms. Ma. Fe Perez-Agudo.

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Rex Sanchez

Rex Sanchez

Author

Rex started off his career in the aviation industry before entering Philkotse as a staff writer. Two things excite him the most: first is staying up to speed with the latest news in the industry that uses engines as their heart and soul. The second is imparting them in a well-detailed manner. His passion for anything with wheels started when he was young – from Tamiyas to family-friendly sedans, and anything in between.

Someday, Rex only wishes to drive on random highways with friends in a third-gen Mitsubishi Delica with aftermarket sunroofs, if he couldn’t get the Starwagon Super Exceed edition.

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