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Azerbaijan to import Russian Hyundai

Azerbaijan to import Russian Hyundai

04 April 2011 11:33 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. This month Azerbaijan is likely to import Russia-assembled Hyundai automobiles, Azerbaijan Business Centre reported.

The Russian media report that speech is of C-class sedans Hyundai Solaris, produced at the St. Petersburg automobile factory. Up to date, this enterprise has signed contracts for delivery of Hyundai Solaris cars to a range of ex-Soviet republics, including Ukraine, Azerbaijan, Kazakhstan, Belarus, Uzbekistan, Moldova, Armenia and Kyrgyzstan.

In 2011, Hyundai intends to export 7,000-8,000 Russian Solaris, i.e. about 7.5% of the St. Petersburg factoryâ€™s total output of 105,000 vehicles.

Hyundai cars designed for export to the CIS countries will not be subjected to customs duty as an added value to their production in Russia exceeds 50%.

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