Economy, Auto

Hyundai’s CKD Truck Entry Likely

Hyundai’s CKD Truck Entry LikelyHyundai’s CKD Truck Entry Likely

Hyundai Motor is likely to resume knockdown exports to Iran of its Mighty medium-duty trucks, as the automaker is undergoing the legal review of a deal to export auto parts to SDM, a local company.  

According to Dong News website, the company plans to reach an agreement by next month at the earliest.

“SDM will be able to launch Mighty as its first automobile,” the report said.

Concrete numbers are yet to be fixed, but the annual output is expected to reach between 2,000 and 3,000, given the size of the local market.

Hyundai has already agreed with SDM immediately after the removal of sanctions imposed on Iran that it will supply parts for the model upon SDM’s request.

Prior to sanctions, Hyundai had a contract with Iran Khodro Diesel to produce trucks in their factory, including the Mighty and Chorus models.

The company announced it is still in search of a local partner to conduct a knockdown for sedans.