Hyundai Philippines records strong growth in commercial vehicle segement

TRUCK & BUS NEWS

HARI predicts demand increase in commercial vehicles next year

Hyundai Asia Resources, Inc. (HARI), the Philippines’ official distributor of Hyundai passenger and commercial vehicles, begins preparing for the government's intended push for infrastructure next year. HARI begins by helping address both the passenger and commercial vehicle needs of local enterprises which do their part in improving the economy.

“We are broadening our corporate horizon at a very opportune time, allowing us to empower local enterprises. As HARI addresses freight, payload, and mass mobility needs, we open ourselves to small and medium enterprises, transport logistics, construction, mining, and various economic activities, not only in urban centers but also in emerging cities. The Philippine economy is at its momentum, and we are pleased to be at the forefront,” said HARI president and CEO, Ma. Fe Perez-Agudo.

According to HARI, data from the automotive sector shows that the industry is on-track in meeting its year-end target sales of 450,000 units. Meanwhile, the company themselves expects to close 2017 with a total sales of 37,500 units.

Credit is mainly attributed to HARI's commercial vehicles business, which grew by 883-percent from last year and is expected to continue growing in the following years. They aim to meet the commercial vehicle needs of establishments by introducing the new Xcient line of trucks, which are Euro 4 compliant. The company also mulls bringing in a truck and bus line from China to appeal to customers that prefer using China-made trucks.

“As opportunities open up to the automotive industry, we are driven to innovate better and faster--listening closely to the market in order to meet their demands. With the rollout of the PUV modernization program next year, the need for reliable transport solutions will certainly be front and center,” Agudo added.

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