SEOUL -- Hyundai Motor Co., South Korea's top automaker, said on Thursday it aims to sell 320,000 vehicles on its home market in the second half, up 15 percent from a year ago, amid signs of a recovery in consumption.
Hyundai, the world's seventh-largest car maker, plans to raise its domestic market share to 52 percent by the year-end from 50 percent now, spokesman Jake Jang said.
Shares in the country's seventh-largest stock with a market value of $13.19 billion, rose 2.4 percent to an all-time high of 63,700 won, outpacing a 0.83 percent gain in the wider market.
"It's crucial for Hyundai Motor to establish an unchallenged base in the home market so we can take a leap forward to become a global leader," Jang quoted vice chairman Kim Dong-jin as telling senior employees in charge of local sales.
Hyundai has stated it wants to be among the world's top six auto firms by 2010.
It sold a monthly record 232,515 vehicles in June, up 18 percent from a year ago, as its new Grandeur premium sedan and best selling Sonata wooed customers back to showrooms.
Local sales rose 10.2 percent to 51,038 units, while exports jumped 21 percent to 181,477 units.
Hyundai has set a 2005 sales target of 1.74 million vehicles, including 1.14 million of exports and 605,000 units of domestic sales. It sold 1.68 million vehicles in 2004.
The sales outlook for the local auto industry, which accounts for a tenth of South Korea's exports, has been further brightened by a fall in the won currency and as a flood of new models has rekindled consumer demand at home.