Thaco eyes 27 percent of car market share in 2017

16:46 | 20/04/2017 Car & Motor

The Truong Hai Automobile Corporation (Thaco) has set a goal of selling 58,384 cars in 2017, accounting for 27 percent of the auto market share.  

Illustrative image (Source: Internet)

The number includes 28,016 units of Kia, 29,818 units of Mazda and 550 units of Peugeot.

Meanwhile, the firm hopes to sell 53,636 trucks and buses, up 14 percent against 2016, and marking up 45 percent of the market share.
The figures were approved at the recent meeting of the firm’s shareholders.

Apart from commencing the construction of a factory manufacturing Mazda-brand touring cars with a capacity of 100,000 units per year, Thaco has also introduced the commercial minibus Huyndai Solati to the market.

The firm is implementing a project to develop new products, which will meet emission standard EU IV.

Last year, Thaco sold 110,548 vehicles, up 37 percent against 2015, accounting for 41.5 percent of the Vietnam Automobile Manufacturers’ Association (VAMA) members’ sales.

It also led the market in the year as with 32 percent of the share.

Thaco has assembled and distributed three brands: Kia of the Republic of Korea, Mazda of Japan and Peugeot of France, with Kia being the best seller in recent years.