According to Reuters reported on August 24, Hyundai Motor Co., the world's fifth-largest automaker, issued a statement on August 23 stating that from August, Hyundai's factory in Russia will begin exporting Accent and Ceta to Georgia. Exported to the Republic of Tunisia as the flagship model in Russia.
Hyundai started production of Creta cars at the St. Petersburg Fortress in Russia in August and plans to sell Creta to Kazakhstan, Belarus, Ukraine, Georgia and some countries in the Middle East.
This year, Hyundai's Russian company has exported 2,500 cars overseas. Ford sold a Russian-made car to Belarus in June due to sluggish sales in Russia.
The oil price plummeted and the sanctions imposed on the Ukrainian incident caused Russia to experience an economic crisis. It was predicted that the Russian auto industry would fall by 10% in 2016. Russia's new car sales in June fell 12.5%, and sales in July fell sharply by 16.6% to 110,000.
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