Hyundai sees Russia auto market growth slowing in 2019

MOSCOW (Reuters) - South Korea-based carmaker Hyundai Motor Co. expects growth in the Russian auto market to slow sharply next year, the head of its Russian branch said on Monday. Automakers have warned Russia's plan to raise value added tax in 2019 would hit car sales, which have only just started to recover from four years of stagnation.Hyundai forecasts car sales in Russia will grow 5-6 percent in 2019, after an expected increase of 12.8 percent this year, the company's Russian managing..