Hyundai Cars Price List in the Philippines June 2017
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- Last updated : Mar 31, 2017
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About Hyundai Cars
Hyundai – South Korean Pride on Filipino Shores
Hyundai Motor Company is a renowned multinational automobile manufacturing company from South Korea that was established in 1967. It has its headquarters in Seoul, South Korea and employs over 75,000 people all over the world. It also holds a 32.8% stake in a subsidiary division – Kia Motors. According to a survey conducted in 2008, Hyundai is the 8th largest car manufacturer in the world selling a total of 4.4 million units alone and 7.12 million units along with Kia.
Currently, it holds the 4th position in the list of leading multinational automobile manufacturing companies. It also has the largest manufacturing unit in the world, producing a total of 1.6 million units every year.
Hyundai Motor Company was founded by Chung Ju-Yung as an automotive division of Hyundai Engineering & Construction Company back in 1967. It released its first car model – Cortina, in a partnership with Ford in 1968. Hyundai started its solo career with incorporation of leading British engineers & designers John Simpson, Edward Chapman, John Crosthwaite, Peter Slater and Kenneth Barnet, under the active supervision of former British Leyland Managing director George Turnbull. Its first model – Pony – was installed with an advanced power train technology developed by Mitsubishi and was styled by famous ItalDesign's Giorgio Giugiaro.
Hyundai Asia Resource Inc
Hyundai Asia Resource Inc or HARI is a leading Hyundai dealer based in Philippines. It was established in 2001 and initially offered a product lineup of only one model – Starex. Since its foundation, its undergone an expansion currently appointing a work force comprising of 2000 people. It is motivated to aptly provide the motoring lifestyle as per the needs and aspirations of its Filipino customers.
According to company experts, HARI now provides premium Hyundai products & services to the Filipino market making it the 3rd largest Hyundai customer base surpassing America, Japan and other Asian countries. It has been awarded the "Asia Pacific Distributor of the Year" for years 2005, 2006 & 2008. Other notable awards include – 2006 Hyundai Elite Award, 2009 Award of Excellence for outstanding sales & 2008 Best DEP Award.
Hyundai Motor Company is currently headed by board chairman and CEO Chung Mong-Koo. He was formally involved in a case of corruption and was charged for embezzlement of over $106 million by the South Korean government in 2006. As a result, he was forced to step down as company head and was replaced by Vice Chairman Kim Dong Jin. However, after retirement of Hyundai Motor Co CEO Yang Seung Suk, Chung Mong-Koo has resumed his position as company CEO, that he now shares with Kim Eok-Jo. Hyundai Resources Asia Inc is currently headed by President & CEO Maria Fe Perez-Agudo. She has been awarded the 2011 Philippines "Ernst & Young Entrepreneur of the Year."
Hyundai debuted in motor sports at the 1998 and 1999 F2 class World Rally Championships. It also unveiled a personalized and specific world rally car – Accent WRC based on Hyundai Accent in 1999. Other notable motor sports achievements include Swedish World Rally Championships, Rally Argentina, etc. It has also worked with some notable world famous drives including Kenneth Eriksson, Alister McRae, Juha Kankkunen – a four-time world champion, Freddy Loix, Armin Schwarz, etc. Hyundai's i20 WRC deserves a special mention because of its much-awaited debut in 2014 World Rally Championships held in Monte Carlo.
Hyundai Resources Asia Inc offers a wide range of car models for customers to choose from including Passenger vehicles, Recreational car and other commercial vehicles. Specific car models offered include Genesis Coupe, Azera, Sonata, Elantra, Accent, Accent Hatch, Grand i10, i10, Eon, Grand Santa Fe, Tuscon, Grand Starex and H100. These cars have been specifically tuned to capture hearts of families, as well as next generation Filipino motorists.
In addition to the above-offered products, HARI also has a very reliable service network to address customer issues and sort them out in the most-effective manner possible through trained & skilled professional technicians. Its department stores also provide genuine Hyundai accessories to its customers, which can be easily identified by the "100% Genuine" & company seal on its packaging.
Marketing & Sales
Hyundai markets its products in over 193 countries through an efficient and integrated network of 6000 dealership or show rooms all around the world. It had an average production output of about 4,721,156 units last year that amounted to a humongous total revenue of $86 billion while making a net income of about $8.4 billion. It has established manufacturing plants in India, Pakistan, Czech Republic, China, North America and Turkey. Hyundai saw an overall 11% increase in sales in 2005 by selling over 2,533,695 units worldwide. It became the 2nd largest company in South Korea making over $57.2 billion in sales in 2004. HARI has over 36 dealership stores all over Philippines and has witnessed a total yearly growth of 6% in July by selling over 1,952 units.