April 23, 2024
Automobiles
Hyundai Mobis sales ranking falls
[THE INVESTOR] Hyundai Mobis ranked seventh in a global car parts makers’ sales last year, down one notch from a year earlier, an industry association said on Aug. 1.
The country’s biggest auto parts maker by sales took seventh place, with sales of 30.5 trillion won (US$27.20 billion) in 2016, the Korea Automobile Manufacturers Association said, citing data from Automotive News in the US.
Back in 2006 when Automotive News began to announce the rankings, Hyundai Mobis took the 25th spot and its rankings continued to improve to reach eighth place in 2012. It then kept the post of the sixth-largest car parts maker for three years in a row through 2015, KAMA said.
Hyundai Mobis earns about 70 percent of its sales from deals with Hyundai Motor and Kia Motors The three companies are key affiliates of Hyundai Motor Group.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The country’s biggest auto parts maker by sales took seventh place, with sales of 30.5 trillion won (US$27.20 billion) in 2016, the Korea Automobile Manufacturers Association said, citing data from Automotive News in the US.
Back in 2006 when Automotive News began to announce the rankings, Hyundai Mobis took the 25th spot and its rankings continued to improve to reach eighth place in 2012. It then kept the post of the sixth-largest car parts maker for three years in a row through 2015, KAMA said.
Hyundai Mobis earns about 70 percent of its sales from deals with Hyundai Motor and Kia Motors The three companies are key affiliates of Hyundai Motor Group.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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