• HARI Achieves Double-digit Sales Growth for 2017

    “Listening and understanding the voice of customers led to HARI’s significant growth in 2017. Our success is our customers’ success.” --Ma. Fe Perez-Agudo, HARI President and CEO   Performance and Drivers   Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai vehicles in the Philippines, closed its 2017 sales with a record-high of 37,678 units, a 12% sales growth from 33,695 units in 2016.   The Passenger Cars (PC) segment grew by 7% in 2017, registering sales at 25,529 …

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  • HARI Gears Up for TRAIN

      January 22, 2018, Bonifacio Global City. Management of Hyundai Asia Resources Inc. (HARI) welcomed Department of Finance (DOF) Assistant Secretary Ma. Teresa S. Habitan for an exclusive briefing on the impact of the Tax Reform for Acceleration and Inclusion (TRAIN) Law (RA 10963) on automotive firms and related industries, such as fuel and real estate. She also discussed the second TRAIN package, which proposes the reduction of corporate income tax rates and the rationalization of business …

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  • Hyundai, GK Kick off Next Leg of Partnership for Share Prosperity with new vehicle donation for fast-rising social enterprises

    Hyundai Asia Resources, Inc. (HARI), through its corporate social responsibility (CSR) arm HARI Foundation, Inc. (HFI), renewed its commitment to support Gawad Kalinga’s (GK) social entrepreneurship program with the donation of five vans that will further drive GK’s spirit of innovation and enterprise to more parts of the country. The vehicle turnover ceremony capped the 5th Global Social Business Summit which was held at the Hyundai Center for Green Innovation located in GK Enchanted Farm in …

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  • Together is always better: Hyundai, Gawad Kalinga Explore New Approaches for Shared Prosperity at 5th Global Social Business Summit

    Hyundai Asia Resources, Inc. (HARI), through its corporate social responsibility (CSR) arm HARI Foundation, Inc. (HFI), renewed its commitment to support Gawad Kalinga’s (GK) social entrepreneurship program at the 5th Global Social Business Summit held at the Hyundai Center for Green Innovation. HFI President Ma. Fe Perez-Agudo joined a panel of leaders from the public and private sectors to tackle the topic, “A Fresh Connection for Communities: New Approaches for Shared Prosperity.” At the …

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  • Hyundai Empowers Industries in Batangas City

    At the groundbreaking of Hyundai Trucks and Buses Batangas were: (L-R) from Hyundai Asia Resources, Inc. (HARI) VP – Commercial Trade Jimmy Trazo, SVP – Trade Operations and Development Cluster Numeriano Cortez, Jr., EVP and CFO Ladislao Avila, Jr., and President and CEO Ma. Fe Perez-Agudo; from Shaw Automotive Resources, Inc. (SARI), President Felix Limcaoco III, SVP & COO Doroteo Sornet, and VP for Operations Maria Antonietta Alonzo.   Hyundai Asia Resources, Inc. (HARI) President and CEO …

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Hyundai, keen on infrastructure agenda; eyes Mindanao as next auto hub

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Hyundai General Santos, the first dealership in Mindanao to be given a “Narra” pre-certification by the Philippine Green Building Initiative for Best Green Practices and the first Hyundai dealership in Mindanao to implement the new Global Dealership Space  Identity (GDSI) standard.

 

In support of the national government’s infrastructure agenda, Hyundai Asia Resources, Inc. (HARI), aims to scale its capacity and resources anticipating a boost in transport and construction come 2018. HARI, with four dealerships in Mindanao to date – Cagayan de Oro, General Santos, Southern Mindanao (Davao), and Zamboanga City – looks to developing its network buoyed by the region’s strong economic performance reported in May 2017.

 

According to regional growth statistics, Davao grew by 9.4 percent in 2016, thanks to its industry sector, as construction surged to 25.8 percent (from 10.2 percent) in the same year[1]. Meanwhile, Northern Mindanao posted a record-high growth in the last six years, with its gross regional domestic product reaching P305 million in the same period.[2]

 

“Infrastructure helps in leveling the field for growth, allowing cities and provinces to maximize their full potential particularly for Mindanao. It’s encouraging not only for Hyundai, but for the rest of the business community to expand our presence in the country further,” HARI President and CEO, Ma. Fe Perez-Agudo said.

 

In the 2017 World Economic Forum Competitiveness Index, the Philippines’ ranking was dragged down by its current weak state of infrastructure; with the global institution calling on public and private sector to address this huge gap in development.[3]

 

Heeding this call, the ‘Build, Build, Build’, the government’s massive infrastructure program, is expected to take off in 2018, with a P1-trillion allotment in the National Budget.[4] This will increase public construction tenfold, with private sector expecting to follow – as government accelerates spending for main roads, bridges, seaports, airports nationwide.

 

Parallel to the government’s widespread efforts is the completion of Hyundai’s commercial division dealership facilities in ten key locations nationwide by end of the first quarter of 2018. Situated in growth centers in CALABARZON, Western Visayas, and Mindanao, these facilities cover a wide-range of trucks, buses, and special-purpose vehicles to service large-scale and commercial accounts and SMEs. With construction on the rise, Hyundai’s commercial division foresees expanding to 20 locations by 2020.

  
 

[1] http://www.sunstar.com.ph/davao/local-news/2017/05/05/94-growth-recorded-davao-regions-economy-540149

[2] http://www.sunstar.com.ph/cagayan-de-oro/business/2017/05/05/northern-mindanao-grdp-posts-76-growth-540129

[3] https://www.rappler.com/business/183395-philippines-global-competitiveness-index-2017-wef

[4] https://www.rappler.com/move-ph/issues/budget-watch/176588-duterte-submit-2018-national-budget-congress