ADM Group Hyundai Corporation Singapore FINCOM Launch Uzbekistan Automotive Leasing Joint Venture

ADM Group, Hyundai Corporation Singapore, and FINCOM Leasing Company have officially launched a joint venture aimed at expanding vehicle financing opportunities in Uzbekistan. Announced on August 5, the collaboration is designed to improve access to automotive leasing while supporting continued growth of the country's automotive sector. The initiative combines the strengths of manufacturing, international finance, and leasing expertise to create new financing solutions for customers purchasing vehicles through ADM's nationwide dealership network.

The project will begin with an initial investment of approximately USD 40 million. Over the next five years, the partners intend to develop an investment and leasing portfolio worth up to USD 100 million. The investment is expected to strengthen automotive financing availability while providing additional support for vehicle ownership across the market through structured leasing programs.

During the first phase, the newly introduced leasing solutions will focus exclusively on Kia vehicles manufactured in Uzbekistan and sold through ADM's dealership network. As the partnership progresses, ADM plans to broaden the offering by including additional vehicle brands represented within its portfolio, including CHERY, HAVAL, TANK, Changan, and Hyundai Truck & Bus, giving customers access to a wider selection of financed vehicles.

Each partner will contribute specialized expertise to support the venture's long-term objectives. Hyundai Corporation Singapore will provide access to international financial instruments, global industry experience, and established corporate governance practices. FINCOM Leasing Company will oversee leasing product development, operational management, and customer service, while ADM will contribute its extensive dealership network, manufacturing capabilities, and vehicle distribution infrastructure throughout Uzbekistan.

The collaboration is intended to create a stronger automotive financing ecosystem by combining global financial resources with local manufacturing and distribution capabilities. By integrating the strengths of all three organizations, the joint venture seeks to improve vehicle affordability, expand leasing accessibility, and contribute to the continued development of Uzbekistan's automotive industry.

Frequently Asked Questions

What is the purpose of the ADM Group, Hyundai Corporation Singapore and FINCOM joint venture?
The joint venture aims to expand automotive financing opportunities in Uzbekistan by introducing new leasing solutions supported by international financial expertise and local automotive capabilities. The partners will begin with an investment of approximately USD 40 million and plan to build a leasing and investment portfolio of up to USD 100 million over five years. Initially, financing will be offered for Kia vehicles manufactured in Uzbekistan, with additional vehicle brands expected to be included as the partnership expands.