Hyundai Joins Automotive Giants in South African Assembly Focus

By Skills Junction

Imperial Holdings Ltd has reached an agreement with Hyundai Motor Company to begin manufacturing delivery trucks as part of the latter’s expansion focus on the African continent.

Hyundai Automotive South Africa has invested more than R100 million in a new Johannesburg plant which will be manufacturing at least three different models under its truck portfolio, with capacity beginning at 5,000 vehicles going up for sale across Botswana and Namibia, as well as South Africa.

Imperial Holdings, the owner of South Africa’s largest car-dealer network was the natural choice for the automotive giant to assist in its regional development and the company is confident that the relationship will be beneficial from the offset.

“Africa is about commercial vehicles,” Manny de Canha, Chief Executive Officer of Imperial’s Associated Motor Holdings, said in an interview. “We want to encapsulate Africa in our distributorship going forward.”

Hyundai isn’t the first major global carmaker to pinpoint Africa as a key growth region, with both Toyota and General Motors now assembling models in South Africa.

On the whole, automotive exports in the country increased by eight percent in 2013 according to data attained from the National Association of Automobile Manufacturers.

 

Image credit: Art Konovalov / Shutterstock.com

Share

Featured Articles

Musk’s multibillion hostile Twitter takeover – the timeline

As billionaire entrepreneur Elon Musk buys Twitter for US$44bn, we draw up a timeline, from the buying of shares to the critical tweets and unsolicited bid

Sustainable moves businesses can make to win customers, IBM

With half of consumers saying environmental sustainability is more important today than a year ago, businesses should up their eco action, says IBM report

Banks and consultancies top workplaces to grow career in UK

Financial and professional services firms rank highest in LinkedIn Top 25 best workplaces list – from Barclays, Lloyds and HSBC, to PwC, Deloitte and EY

Top 10 women in technology in Europe

Leadership & Strategy

The value of ESG links sustainability to business returns

Sustainability

Top 10 European football clubs by revenue 2022 – Deloitte

Corporate Finance