Trending

Stories

Hyundai’s January Sales Fall 12 Percent Amid Chip Shortage

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Hyundai Motor, South Korea’s biggest carmaker, has announced its sales fell 12 percent last month from a year earlier amid global chip shortages.

The company said that Hyundai Motor sold 2,82,204 vehicles in January, down from 3,21,068 units a year earlier.

Also Read

“We will adjust vehicle production schedules to ride out ongoing semiconductor shortages, while focusing on boosting sales of new models and enhancing profitability,” the company said in a statement.

The statement said that sales in South Korea declined 22 percent to 46,205 units from 59,501 during the period, as the lack of semiconductor parts continued to affect vehicle production and sales.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Overseas sales also dropped 9.8 percent to 2,35,999, from 2,61,567 amid the extended Covid-19 pandemic.

For the whole of 2021, Hyundai’s overall sales rose 3.9 percent to 3.89 million autos from 3.74 million units a year earlier.

It has set a sales goal of 4.32 million units for this year.

Meanwhile, Hyundai resumed the operation of the Asan plant after suspending it from January 3-28 to prepare for the production of electric vehicles, reports Yonhap news agency.

Hyundai Motor will halt the Asan plant from Jan. 3-28 to upgrade the facilities before beginning production of EVs next year, the company said in a regulatory filing.

The 3,00,000-unit-a-year Asan plant produces the Sonata sedan and the Santa Fe SUV.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King Twitter To End Free API February 9 MLS Season Pass Now Available On Apple TV App Tesla To Increase Giga Shanghai EV Production to 20,000 Weekly  OpenAI Releases Tool To Detect AI-generated Text
Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors Tesla’s S & Y Models Earn Best-in-Class Cars of 2022