"Avtotor" is going to expand the production of commercial vehicles Hyundai

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The company "Avtotor Holding" and the new Russian distributor of Hyundai Truck & Bus - «Hyundai Motor Company» on November 18th, 2015 signed a memorandum on expanding of cooperation. The document has the character of an agreement about intents to develop long-term plans for production in the Kaliningrad area of commercial vehicles Hyundai.

The Memorandum provides the development by the parties of long-term plan of development of car production, which includes increasing the volume and range of the cars, the deepening of production technology, improved localization. The document provides the possibility of various forms of cooperation, including the establishment of a joint venture, informed the press service of "Avtotor".

It will be required about six months in the elaboration of these areas of cooperation. In the case of confirmation of economic efficiency, the realization of these intentions of the agreement is scheduled to begin on April 1st, 2016.

Recall the history of cooperation "Avtotor" with the South Korean manufacturer Hyundai starts with the launch in 2011 of a pilot production of trucks HD78. Since September of 2012 the Kaliningrad plant began the mass production of trucks Hyundai. To date, the range of commercial vehicles includes models HD65, HD78, HD120, HD170 with a wide range of add-ons.

24 november 2015