Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai commercial vehicles, strengthens their participation in overall transport modernization with another successful delivery of modern PUVs. At the inauguration of NOVADECI Transport Service Cooperative (NTSC), a subsidiary cooperative of the Novaliches Development Cooperative (NOVADECI), HARI, through authorized dealer Hyundai Trucks and Buses Commonwealth, successfully turned over 32 units of the HD50S Modern PUV Class 2, concretizing the cooperative’s commitment to contribute to the nation’s ongoing agenda in bettering mass transport services for the commuting public. The said inauguration was graced by Quezon City Mayor Honorable Josefina “Joy” Belmonte-Alimurung, together with notable representatives from the local government, transport, and finance sectors.
NOVADECI Board of Directors Chairwoman, Ms. Leonisa A. Fausto thanked Hyundai and other partners for making the project possible, with hopes of having their initiative serve as an inspiration not only to NOVADECI but also to the country’s entire transport sector.
In addition, Hyundai Trucks and Buses Commonwealth assured NOVADECI of their commitment to provide top service and maintenance for the modern PUVs turned over to the group, and to extend support that demonstrates the Hyundai Trucks and Buses determination to be a Partner in Every Way.
HARI President and CEO Ma. Fe Perez-Agudo lauded their company’s effort to energize the country’s transport sector, reinforcing that, “Hyundai shall continue taking steps to help shape the future of mobility in the Philippines that shall move more people, especially our healthcare and economic frontliners, toward more opportunities that shall help enrich their livelihood and contribute to the greater agenda of economic stability.”
With the HD48 GT Modern PUV recently launched by HARI, the company is confident that this new addition to their portfolio of people movers shall build on the current success that Hyundai has already established in the transport sector. Since HARI has expressed intent over supporting the government’s Public Utility Vehicle Modernization Program or PUVMP in 2017, the company has enjoyed a sizable gain in market share in the commercial vehicle industry, thanks to transport cooperatives that have trusted in Hyundai and made it their chosen PUV brand.
This year, HARI sold over 200 units of its Modern PUVs to a diverse roster of transport cooperatives nationwide, helping advance mass mobility initiatives in communities of Ilocos Norte, Pangasinan, Tarlac, Cavite, Bulacan, and Tacloban to name a few. In the first nine months of 2021, sales of Hyundai’s Modern PUVs jumped by 715.8% compared to the same period in 2020, cornering 10.8% market share in the CAT III (3T-6T) category.