Allison Transmission Provides More Than 10,000 Fully Automatic Transmissions for the Hyundai Mighty in 4 Years

Rhea-AI Summary

Allison Transmission has announced a significant milestone, with over 10,000 Allison-equipped Hyundai Mighty vehicles sold in the last 4 years since 2020. The popularity of Allison's fully automatic transmissions in these light-duty trucks has grown substantially, now equipping 50% of all Hyundai Mightys sold, up from 10% four years ago.

The success is attributed to the Allison 1000 xFE™ fully automatic transmission, which offers improved performance, increased productivity, and enhanced driver comfort compared to manual and automated manual transmissions. Key benefits include superior launch performance, smoother shifting, and elimination of clutch replacements, resulting in reduced downtime and increased economic value.

Positive

• Over 10,000 Allison-equipped Hyundai Mighty vehicles sold in 4 years
• Market share increased from 10% to 50% for Allison transmissions in Hyundai Mighty trucks
• Allison 1000 xFE™ transmission offers improved performance and productivity
• Increased economic value due to reduced downtime and eliminated clutch replacements

Negative

• None.

News Market Reaction

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-0.05% News Effect

On the day this news was published, ALSN declined 0.05%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Allison experiences significant growth alongside South Korea's top-selling light-duty truck.

INDIANAPOLIS, July 16, 2024 /PRNewswire/ -- Allison Transmission today announced that more than 10,000 Allison-equipped Hyundai Mighty vehicles have been sold in the last 4 years since its 2020 integration. Half of all Hyundai Mightys sold today are equipped with Allison fully automatic transmissions, up from 10% versus four years ago. The 10,000th Mighty truck with an Allison fully automatic transmission was delivered to Unchang Logitec, a leading Korean logistics company servicing South Korea's largest laundry service provider.

"Visiting university hospitals to pick up and return laundry involves a lot of highway traffic jams and city driving," said Kim Dae-sung, Director, Unchang Logitec. "Automatic vehicles are very comfortable to drive, even when the vehicle is stuck in traffic jams with repetitive stop-and-go traffic. We are very satisfied with the Allison-equipped Mighty automatic truck because it is easy to drive, fuel efficient, productive and durable."

Hyundai Mighty is a 2.5- and 3.5-ton light-duty truck, which has unrivaled market share in South Korea. Mighty automatic trucks have been on the rise in recent years, meeting market demand for driving comfort, fuel economy, reliability, serviceability and productivity. Allison has delivered more than 10,000 units of the Allison 1000 xFE™ fully automatic transmissions for the Hyundai Mighty since its launch in 2020. Mighty automatic trucks are used in a variety of applications, including pickup and delivery trucks, cargo trucks, refuse vehicles, firefighting trucks and specialty vehicles.

"We are thrilled to see the tremendous success of Allison-equipped Hyundai Mighty vehicles. The rise in popularity of fully automatic transmissions in Asia is a testament to the exceptional driving experience and unmatched performance that our transmissions offer," said Heidi Schutte, Allison Transmission Vice President EMEA, APAC & South America Sales. "Allison's commitment to driving comfort, fuel efficiency, reliability, and productivity has resonated with customers, and we are proud to be at the forefront of this transformative shift in the industry."

The Allison 1000 xFE™ offers improved launch performance, increased productivity, smoother shifting, easier operation and enhanced driver comfort, as compared to competitive manual and automated manual transmissions (AMTs). The Allison 1000 xFE fully automatic transmission utilizes a patented torque converter, which offers superior performance and eliminates clutch replacements. This results in increased economic value due to productivity and reduced downtime versus traditional manual and AMTs.

To learn more about how Allison xFE delivers more value through Extra Fuel Economy, visit allisontransmission.com.

About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has approximately 1,600 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

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SOURCE Allison Transmission Holdings Inc.

FAQ

How many Allison-equipped Hyundai Mighty vehicles have been sold since 2020?

Over 10,000 Allison-equipped Hyundai Mighty vehicles have been sold since 2020.

What percentage of Hyundai Mighty trucks are now equipped with Allison transmissions?

50% of all Hyundai Mighty trucks sold today are equipped with Allison fully automatic transmissions.

What are the benefits of the Allison 1000 xFE™ transmission for Hyundai Mighty trucks?

The Allison 1000 xFE™ transmission offers improved launch performance, increased productivity, smoother shifting, easier operation, enhanced driver comfort, and eliminates clutch replacements.

In which applications are Allison-equipped Hyundai Mighty trucks used?

Allison-equipped Hyundai Mighty trucks are used in various applications, including pickup and delivery, cargo transport, refuse collection, firefighting, and specialty vehicles.