Vietnamnews Hyundai conquers Vietnam’s city automotive market | All Tech Sir

Tan Phan 2023 January 16 | 18:03 PT

Hyundai conquers the Vietnamese urban car market

The Hyundai i10 was the best-selling A-segment automotive in Vietnam in 2022. Photograph courtesy of TC Motor

South Korea’s Hyundai dominated Vietnam’s small metropolis automotive market final 12 months after Vietnamese and Japanese producers stopped promoting A-segment fashions within the nation.

The A phase is outlined by the European Fee as metropolis vehicles, the smallest class of passenger vehicles.

Hyundai offered 10,752 items of its i10 mannequin in Vietnam final 12 months, whereas native Vietnamese producer VinFast offered 10,661 items of its hottest Fadils mannequin.

Fadil was Vietnam’s best-selling automotive in 2021. It was additionally one of the best vendor of 2022. automotive within the first half of the 12 months earlier than VinFast pulled it from the market in mid-July when the corporate went electric-only. technique of transportation. VinFast not manufactures vehicles that use fossil fuels.

in 2022 Within the Vietnamese automotive market, Kia additionally offered 3,979 of its Morning fashions, whereas 1,953 Honda Brios and 488 Toyota Wigos had been additionally offered within the nation.

Two Japanese fashions on the checklist, the Brio and the Wigo, had been additionally pulled from the market within the second half of final 12 months as a result of their engines didn’t meet the Euro 5 emission requirements required by the Vietnamese authorities.

Brio has been on the Vietnamese marketplace for greater than 3 years, however the mannequin has not modified since 2020. facelift. It’s scheduled to reappear in Vietnam later this 12 months.

VinFast plans to interchange the Fadil with a small electrical CUV mannequin referred to as the VF 5. It would price 458 million. VND ($19,407) excluding battery, with deliveries beginning in April.

Imported Japanese fashions similar to Wigo and Brio have a model benefit, however their costs are greater than South Korean fashions assembled in Vietnam.

In phase A, clients are sometimes interested by low preliminary funding prices and varied choices for brand new variations. Each the Hyundai i10 and the Kia Morning meet each of those expectations.

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