The commissioning of the conveyor line at the Lutsk Automobile Plant has been completed, where cars of the Hyundai family are now assembled. The first Hyundai Santa Fe SUVs made at LuAZ have already arrived at dealerships. Prices for these cars range from 125 to 165 thousand hryvnias, depending on the configuration, while for analogous versions of imported cars they fluctuate between 139.2 and 181.8 thousand hryvnias. On average, a Santa Fe of Ukrainian assembly costs 10 percent less. Automotive experts are convinced that this fact will greatly interest buyers, and demand for "Ukrainian Koreans" will be high.
In the future, LuAZ plans to also produce other Hyundai car models: Tucson, Elantra, Matrix.
Hyundai Motor Company's decision to organize car production at the facilities of the Lutsk Automobile Plant was prompted by the need to ensure closer proximity to consumers. The expansion of the production geography by the Hyundai concern is carried out within the framework of the brand's global development strategy and is aimed at satisfying the growing demand for cars of this trademark in Eastern European countries.
As of today, the Hyundai concern controls 2.6 percent of sales in Europe. By 2010, Hyundai Motor Company has set the goal of entering the top five global automakers.
The production of Hyundai trademark cars in Lutsk is carried out exclusively from branded components supplied by Hyundai Motor Company, with constant quality control at all stages of production by representatives of the concern.
After assessing the technical capabilities of the Lutsk Automobile Plant and analyzing the quality of the produced products, Hyundai Motor Company, together with the official distributor of the brand, JSC "Hyundai Motors Ukraine," decided to provide a five-year warranty service for cars manufactured at LuAZ.
The Lutsk Automobile Plant was chosen by Hyundai Motor Company as a production site that meets world automobile production standards in terms of its technical capabilities.