Hungarian automotive industry: week 5 2021
Fotó: Facebook/szijjarto.peter.official
Hydro Extrusion Hungary Kft. to invest HUF 3 billion in Székesfehérvár unit, Hilti to build new plant in Kecskemét, Mercedes-Benz continue to top premium segment in Hungary. Let’s recap what last week brought in Hungary’s automotive sector. Clicking on the highlighted items will open the full stories.
The Székesfehérvár-based plant of Hydro Extrusion Hungary Kft. is investing a total of HUF 2.8 billion into the pre-production of parts and components for new-generation electric vehicles.
Machine producer Hilti are building a new production plant in Kecskemét with government support. The investment will create 73 jobs.
Magyar Suzuki Corporation began the year as a market leader in the segment of passenger cars as well as motorcycles.
Mercedes-Benz led sales volumes in Hungary’s premium segment for the fifth consecutive year in 2020.
Volkswagen are considering sourcing components affected by the current semiconductor shortage directly from microchip manufacturers.
Owing to the current microchip shortage, Dacia announced last week that they had to halt production at the car maker’s Romanian plant.
The Bosch Group registered profits in 2020 despite all but one of their divisions reporting shrinking revenues last year.
The Green Bus pilot project will continue in Székesfehérvár from February 8th, with a fully-electric bus joining the town’s community transport fleet for a full month.
Although in January, Hungary’s new car sales fell significantly year-on-year, for the whole year a similar growth rate is expected as we saw in 2020.
The import market of used cars saw an even more significant decline.
It was a different story for AutoWallis Nyrt., whose sales volume grew by nearly 40 percent last year, and their servicing activities also saw a marked increase.
In Q4 2020, electric and alternative drive vehicles accounted for one third of all new car sales in the European Union.
Last year, nearly 4,000 lease contracts were signed as part of the government’s car purchase initiative for seven-seater family cars, resulting in an accumulated financing of HUF 12 million by leasing firms for large family vehicles.
