Wednesday, 17, July, 2024

Hyundai Motor Co. said Monday it has signed a US$14 million deal to supply 182 trucks to the Uzbek ministry for environmental protection.

Hyundai Motor plans to deliver the ordered vehicles to the Central Asian country by February 2018. The customized trucks will be used by sanitation workers in Tashkent, the company said in a statement.

It is the second truck order from Uzbekistan, following the first in 2001 when Hyundai received a deal to supply 200 trucks to the same ministry, it said.

In a move to diversify its sales, Hyundai Motor said it will increase output of customized commercial vehicles, such as buses and trucks, in emerging markets.

In the January-October period, Hyundai's overall sales fell 5.6 percent to 3.67 million vehicles from 3.89 million units a year earlier.

Under the deal, POSCO Daewoo, the trading arm of POSCO, will join Hyundai as a partner in charge of the shipment of the trucks and their delivery in Uzbekistan, a company spokesman said.


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