Hyundai predicts the 3% growth of the Russian car market in 2022

Hyundai predicts that the Russian car market by the end of 2021 may grow by 3-4%, to 1.65 - 1.67 million cars. And the growth will be 3%, to 1.7 - 1.72 million units the next year. Alexey Kalitsev, Managing Director of Hyundai Motor CIS, informed TASS agency about it. In his opinion, a significant improvement in the situation with the supply of electronic components in early 2022 is not expected, however, in the second half of the year the situation may change for the better, which will lead to an increase in car sales.

As AUTOSTAT reported earlier, Russian Hyundai dealers sold 14,395 cars in November, which is 17% lower than a year before. By the results of eleven months of 2021, Hyundai sales in our country were 159,740 vehicles (+ 9%).

Mr. Kalitsev also said that Hyundai does not support the position of the Ministry of Industry and Trade of the Russian Federation, which proposed to extend the zero duty on the import of electric vehicles in the territory of the Eurasian Economic Union (EAEU). “We, as a manufacturer that plans to launch a lot of electric vehicles, are interested in extending the preferential regime,” said the managing director of Hyundai Motor CIS. According to him, Hyundai is counting on the extension of the zero duty, as well as on the fact that the Ministry of Industry and Trade will not increase the rates of the utilization fee for electric vehicles. Earlier in November, a draft resolution was published, according to which the Ministry of Industry and Trade of the Russian Federation proposes to increase the utilization fee for electric vehicles from the beginning of 2022 by almost nine times for new cars and four times for used ones.