The South Korean market for commercial vehicles over 2 tons gvw declined by more than 5% to 59,190 units in the fourth quarter of 2023 from 62,497 units a year earlier.

HL Mando Corporation is a South Korean manufacturer of automotive chassis systems based in Seoul, while Tianrun is a leading Chinese manufacturer of internal combustion engine parts, mainly for commercial vehicles.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the fourth quarter of 2023, with sales falling by more than 14%.

Hankook is to supply its AH37 and DL11 medium and long-distance tyres for fitting on Hino’s L-series trucks produced at Hino Motors Canada Ltd in Woodstock, Ontario, Canada, which are sold across North America market.

Tata Daewoo claims to have a presence in more than 90 markets worldwide, which includes using knock-down (KD) assembly operations in seven countries.

Isuzu to source batteries for its electric trucks from LGES.

The new Xcient has top of the range Isringhausen seats and front-axle air suspension.

Hyundai Motor Company has signed a distribution agreement for its Elec City battery-powered buses with an agency in Indonesia.

While the city of Jakarta commits to being fully electric by 2030, the Indonesian and South Korean governments have signed a bilateral cooperation agreement to develop a public transportation network using battery-powered buses across cities in Indonesia.

According to the agreement, Hyundai will manufacture and supply the chassis cab, while Iveco Group will handle local customisation and European distribution through its sales network.

The market for commercial vehicles over 2 tons gvw in South Korea declined sharply in the third quarter of 2023, by almost 16% to 53,168.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by over 8% to 326,720 units in the third quarter of 2023.