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Karsan to Produce New Hyundai Trucks

As a result of the agreement with South Korean Hyundai Karsan has started the production of new HD Series light truck. Min said “Turkey has become a leaping board”.

It is reported that Karsan has started the production of new HD Series light trucks under the scope of its exclusive production and distribution agreement with Hyundai Motor Company. Hyundai Motor Company Vice President of Commercial Vehicles W.S.Min, who spoke at the meeting related to the subject stated that even though 2009 had been a tough year with respect to automotive sector Hyundai Motor Company had attained 3,1 million in sales through increasing its sales figures by 11 percent. Min, who noted that they have become the fifth largest automobile producer in the world with their performance, continued as:

OUR COOPERATION WILL CONTINUE

“In commercial vehicle class we have made a strong entry to light truck market in Turkey in 2007 along with Karsan. In the market, which has been dominated by two Japanese companies until this period, we have carried forward our market share to 8 percent in 2008 and to 20 percent in 2009. We couldn’t have achieved this without the commercial and industrial experience of Karsan, its engineering capacity, qualified work force and willingness to work. Our goal is to be one of the leading commercial vehicle brands in Turkey by maintaining our cooperation with Karsan.”

INDIGENOUSNESS RATE 10 PERCENT

Karsan CEO Murak Selek, who indicated that they have started the production of new HD Series vehicles that comply with Euro 4 norms by prioritising customer satisfaction, stated that the indigenousness rate in the series was close to 10 percent and they have anticipated that rate to increase in future periods. “We will undertake an active role with Hyundai in the area for the next period and have export oriented activities. We are continuing our analysis in the surrounding markets. We are co-determining the role which will be given by Hyundai to Karsan towards its plans for the region within the framework of its global strategy. However I am pleased to say that Karsan and Turkey would assume the role of a leaping board for Hyundai for its expansion to the region from the Far East.” said Selek.

Hyundai Vice President of Coomercial Vehicles W.S. Min, Karsan CEO Murat Selek and Karsan Company Marketing Manager Vançın Kitapçı has posed as shaking hands at the ceremony.

We are heading towards value added fields

It was learnt that Karsan would start bus production through its cooperation with Italian firm BredaMenaribus in the last quarter of the year. Murak Selek draw attention to the fact that Turkey which is the number one bus producer in Europe has a great attraction in terms of domestic and foreign market oriented activities. “Towards our vision we are headed to the high value added areas in which Turkey is confident.” said Selek.

17.04.2010

 
 
 
 
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