Ho Tai Motor's First Quarter Revenue Hits Second Highest in History; Auto Market Expected to Grow This Year
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Ho Tai Motor forecasts Taiwan's auto market to grow to 440,000 units this year, boosted by commodity tax reductions for passenger cars under 2000cc. Its TOYOTA and LEXUS brands captured a combined 33.1% market share in March, with TOYOTA leading. The company has set an annual sales target of 165,000 units.