Hyundai concern refused to comment on information about returning to Russia

The day before, a number of domestic media reported that the company is considering the Russian market one of the medium -term in the framework of the Kia brand car strategy. However, now the RIA Novosti news agency said that official representatives of the concern could not confirm this information.

According to the South Korean news agency Yonhap, the new Hyundai Motor Group market strategy implies annual sales of about 50 thousand cars in Russia by the end of this decade. Based on this information, a number of Russian media concluded that South Korean models can soon return to the domestic market.

Kia included Russia in a sales plan for 2025 Media: Hyundai and Kia are preparing to return to Russia, the profit of the former Hyundai plant in St. Petersburg is disclosed

Representatives of the Hyundai Motor Group said they cannot confirm this information. The concern said that Russian journalists replicated the news based on extreme assumptions. In this regard, the company stops responding to a news agenda in Russia.

In early March, insiders reported that Toyota wishes to return to the Russian market. The Japanese brand studies the possibility of resuming supplies, waiting for the abolition of sanctions.

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