Hyundai Becomes Largest Passenger Car Seller In Mongolia

SEOUL, Aug 18 (Bernama) -- Hyundai Motor Co., South Korea's largest carmaker, said on Thursday that it has become the No 1 seller of passenger cars in Mongolia in the first half of the year. Yonhap news agency reported that Hyundai also has been selected by the Mongolian government to supply taxis to replace old vehicles, that have been cited for bad fuel economy and air pollution. Under the deal, the carmaker will supply 1,200 Avante compact cars that will further solidify Hyundai's control of the taxi market. At present, around 85 percent of all taxis in the country are made by the company. The company said that it has sold 583 new vehicles in Mongolia, outpacing Toyota Motor Co. and Nissan Motor Co., which sold 524 and 185 passenger cars, respectively, in the January to June period. In the first half, a total of 1,572 new cars were sold in the country, with sales likely to reach around 1,000 units in the second half, Hyundai said. Source: BERNAMA news agency