Hyundai wants to increase their shares 4.4 % in U.S market
|   Sunday, July 14, 2013
Hyundai one of the leading auto manufacturer in all over the world According to recent news Hyundai motors aims that their sales in the market of the United States of America will rise approximately 4.4 percent this year. On the other hand they are managing constrain production with slow expansion globally. Officials of Hyundai motors reaffirming their target that was set in the month of February CEO of North American plant accepts on passes Friday that the shares of Hyundai motors in the United States market is going down.
The vehicle production capacity annually will remain same because it will reflect the high quality product.

Spokesman of Hyundai claim that, they are running their production plant round the clock with maximum shifting and over time. These steps took because they want to make their shares high and for that they are ready for everything what they can do in order to meet the requirement of the market. This decision will lead to 110 % capacity constraints. Last year Hyundai could not meet the requirement of the market that is the reason Hyundai lost his shares in the market. John, CEO of North America plant refused to answer about the question either they are going to open their new plant over there or not.

In the month of May Hyundai plans to build their new plant outside South Korea. Automobile analysts claimed that due to the dispute of labor over there and falling currency of South Korea the plan to open a new plant was cancelled. Now the officials of company have said that, there are no immediate plans to open new plant in the United States or any other area. In the last month the sales have risen to about 9 % and annual pace is the strongest since November 2007.

Hyundai still aims to achieve their target of 734 thousand vehicles as well as their shares could rise 4.7 % in the United States market. This target has set by keeping the figure of 2012 which was 703 thousand vehicles and the share was 4.9 %. Officials of a company have claimed that the sales will increase in the 2nd half of this year. Analysts have noticed that Hyundai is one of the fastest and growing automobile manufacturers for the last year. But unfortunately their sale could not meet the market requirement due to lack of management or material availability. It has also noticed that their inventory was the second lowest since the last 44 days.

Expert advice that Hyundai should focus on their inventory rather than focusing on their new plant Recently Hyundai started its third shift of production in order to meet the annual production of 60 thousand vehicles. This could make Hyundai stable and constrain the United States market this year. No further plans right now said by the officials of Hyundai, but to meet the demand and to fulfill the requirement is their first priority. Hyundai is working hard and surely they will achieve what they want.
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