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March 04, 2022 06:18 AM

Hyundai is unsure when Russian output will resume

Hyundai unsure when output at its St Petersburg plant will resume after it was suspended on March 1.

Reuters
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    Hyundai Solaris production Russia

    Hyundai builds about 200,000 vehicles per year in Russia including the Solaris sedan.

    SEOUL -- Hyundai said it has not decided when to resume operations at its assembly plant in St Petersburg, Russia, citing ongoing issues with components delivery.

    "Hyundai Motor Company is deeply concerned by the situation in Ukraine. We can confirm operations of the Hyundai Motor Manufacturing Russia (HMMR) are suspended until further notice due to ongoing global logistics issues with components delivery," the automaker said in a statement to Reuters.

    Stay Up To Date

    Click here for a roundup of how Russia’s invasion of Ukraine is impacting the auto industry.

    "The safety of our employees and caring for our customers remains the utmost priority of Hyundai Motor. We sincerely hope the situation is resolved peacefully as soon as possible," it added.

    Operations at the St Petersburg plant have been suspended since March 1.

    The South Korean automaker, which together with affiliate Kia is among the world's top 10 biggest automakers by sales, builds about 200,000 vehicles per year in Russia, about 4 percent of its global production capacity.

    DAILY NEWSLETTER: Sign up and get the top news of the day in Europe every business weekday.

    Global automakers and truckmakers, including U.S. automaker General Motors and Germany's Daimler Truck, this week suspended some business in Russia following its invasion of Ukraine.

    Earlier this week, Volvo Cars said it would suspend car shipments to the Russian market until further notice, becoming the first international automaker to do so as sanctions over the invasion continue to bite.

    Related Article
    How Russia's invasion of Ukraine is impacting automakers
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