Hyundai Motor's IONIQ 5 displays at Hyundai Mobility Japan's news conference in Tokyo, Japan, February 8, 2022. REUTERS/Kim Kyung-Hoon/File Photo
SEOUL (Reuters) -South Korea's Hyundai Motor Co and affiliate Kia Corp forecast on Wednesday that their combined global sales will rise about 2% in 2024, even as last year's sales fell short of target.
The duo sold 7.3 million vehicles in 2023, about 3% less than their combined target of 7.52 million, largely due to a difficult economic environment, including rising interest rates and inflation that pushed vehicles out of the reach of some buyers.
