Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Tata Motors and Kia India on Monday announced plans to hike vehicle prices from January to offset the impact of rising input costs. Tata Motors said it will hike the price of its passenger vehicle portfolio, including electric vehicles, by up to 3 per cent from January next year. The price hike is being undertaken to partially offset the rise in input costs and inflation, the Mumbai-based auto major said in a statement. "Effective January 2025, the price increase will vary depending on model and variant," it added. Tata Motors sells a range of passenger vehicle models ranging from Tiago hatchback to SUVs Harrier and Safari. Kia India, which sells models like Seltos and Sonet, said it will increase prices of its entire model range by 2 per cent from January. The price hike, effective from January 1, 2025, is primarily due to rising commodity prices and escalating supply chain-related costs, the automaker said in a statement. Kia India Senior Vice President Sales and Marketing -
The Centre has imposed Rs 7,300 crore penalty on eight automakers, including Hyundai, Mahindra, and Kia, for violating fleet emission norms in FY22-23
In the luxury segment, Audi takes the top spot
It is not just the Centre. During the last several months, certain state governments like Telangana and Karnataka have decided to reintroduce road taxes on EVs, adding another layer of complexity
Nvidia plans new AI chips every year. The POCO F6 has been launched in India. Kia has introduced the EV3, featuring a new AI assistant powered by OpenAI's ChatGPT
The Kia EV3 SUV is the company's first electric vehicle to feature an artificial intelligence powered voice assistant, backed by OpenAI's ChatGPT
The two auto majors plan to focus on the production of lithium iron phosphate cells. This will make them pioneers in the space
South Korean auto majors Hyundai Motor Company and Kia Corporation on Monday announced a partnership with homegrown battery maker Exide Energy Solutions Ltd for electric vehicle battery localisation in India. Hyundai Motor Company and group firm Kia Corporation have signed a Memorandum of Understanding (MOU) with Exide Energy Solutions Ltd, a leading Indian battery company, as part of their electric vehicle (EV) expansion plans, Hyundai Motor Group said in a statement. Hyundai Motor and Kia aim to localise their EV battery production, specifically focusing on lithium-iron-phosphate (LFP) cells in line with the expansion of their EV plans for the Indian market, it added. "This strategic move will position them as the pioneers in applying domestically produced batteries in their upcoming EV models in the Indian market," the statement said. India is a key market for vehicle electrification due in part to the government's carbon neutrality goals, which makes securing cost competitivene
Kia is recalling more than 427,000 of its Telluride SUVs due to a defect that may cause the cars to roll away while they're parked. According to documents published by the National Highway Traffic Safety Administration, the intermediate shaft and right front driveshaft of certain 2020-2024 Tellurides may not be fully engaged. Over time, this can lead to unintended vehicle movement while the cars are in park increasing potential crash risks. Kia America decided to recall all 2020-2023 model year and select 2024 model year Tellurides earlier this month, NHTSA documents show. At the time, no injuries or crashes were reported. Improper assembly is suspected to be the cause of the shaft engagement problem with the recall covering 2020-2024 Tellurides that were manufactured between Jan. 9, 2019 and Oct. 19, 2023. Kia America estimates that 1% have the defect. To remedy this issue, recall documents say, dealers will update the affected cars' electronic parking brake software and replace
Kia India on Friday said it is planning to have around 700 sales and service touchpoints in 300 cities by the end of the year. The automaker, which sells models like Seltos and Sonet, has 522 such touchpoints across 236 cities. The company said it is focussed on strengthening its presence in Tier-1 and Tier-2 markets, contributing 40 per cent to its total network strength. Kia India is also focused on expanding its touchpoints in the Tier-4 and upcountry markets, it added. "We have expanded our touchpoints network from 285 to 522 since starting our operations in India. As part of Kia's 2.0 strategy, we are aiming to close the year with over 700 touchpoints, thereby making Kia more accessible to our esteemed customers," Kia India National Head Sales & Marketing Hardeep Singh Brar said. The automaker is also committed to sustainability by introducing the green workshop concept and encouraging all its dealer partners to transition to eco-friendly workshops, he added. Kia India also
Kia India on Wednesday announced onboarding multiple charge point operators (CPOs) for EV charging and the addition of a new feature, 'K-Charge', in its charging app. The new feature in the 'MyKia' app allows users to discover over 1,000 EV charging stations nationwide, the company said in a statement. Besides, the carmaker has also extended access to this charging network to non-Kia customers, Kia India said. Kia has collaborated with five CPOs -- Statiq, ChargeZone, Relux Electric, Lion Charge, and E-Fill -- to enable this initiative, the company said. "K-Charge is not just a convenience initiative for our customers but a step towards making sustainable mobility convenient and accessible for everyone. We strongly believe that the technology transition towards a complete EV future ought to be smooth, and the K-Charge, integrated into the 'MyKia' app, is a well-thought-out step in that direction," Hardeep Singh Brar, national head of sales and marketing at Kia India, said. With th
Kia India on Wednesday said its sales increased 4.4 per cent year-on-year to 24,351 units in October. The company had dispatched 23,323 units in October 2022. Last month, Seltos led the sales for the company with 12,362 units while Sonet sales stood at 6,493 units, followed by Carens with 5,355 units and the EV6 with 141 units in the domestic market. "During the festive season, our customers' positive outlook has helped us achieve our fourth-highest monthly sales ever in India. The fact that our products like Seltos, Sonet, and Carens continue to dominate in their respective segments despite multiple new launches by competition is a major accomplishment," Kia India National Head, Sales & Marketing Hardeep Singh Brar, said in a statement. The company is working towards maintaining the same momentum in the coming months, he added.
Hyundai and Kia are recalling nearly 3.4 million vehicles in the U.S. and telling owners to park them outside due to the risk of engine compartment fires. The recalls cover multiple car and SUV models from the 2010 through 2019 model years including Hyundai's Santa Fe SUV and Kia's Sorrento SUV. Documents posted Wednesday by the U.S. National Highway Traffic Safety Administration say the anti-lock brake control module can leak fluid and cause an electrical short, which can touch off a fire while the vehicles are parked or being driven. The automakers are advising owners to park outdoors and away from structures until repairs are done. Dealers will replace the anti-lock brake fuse at no cost to owners. Kia says in documents that it will send notification letters to owners starting Nov. 14. For Hyundai the date is Nov. 21. Hyundai reported 21 fires in the affected vehicles in the U.S., and another 22 thermal incidents including smoke, burning and melting of parts, the documents say.
HMIL to introduce five EVs by 2032; Kia targets 10% market share
The models that are likely to be recalled include Hyundai 2023-2024 Palisade, 2023 Tucson, Sonata, Elantra, and Kona vehicles and 2023-2024 Seltos, 2023 Kia Soul, and Sportage
Automaker Kia India expects its sales to grow by 8-10 per cent this year as compared with 2022 on the back of improved chip supplies and introduction of the updated Seltos in the market, according to a senior company official. The South Korean carmaker, which sells models like Carens, Sonet and Seltos in the Indian market, sold a total of 3.4 lakh units in the domestic and export markets last year. "So last year our domestic sales were about 2.54 lakh units while exports stood at around 80,000 units. So we did about 3.34 lakh units overall. So this year we are looking at about 8-10 per cent growth," Kia India National Head (Sales and Marketing) Hardeep S Brar told PTI in an interaction. He noted that the company has outpaced the overall passenger industry growth in the first half of the year and expects to do the same in the second half as well. "For the first six months industry has grown at 10 per cent. We have grown at 12 per cent. So like every other year we have outpaced the .
Kia India on Tuesday unveiled the updated version of its mid-sized sports utility vehicle Seltos, as it aims to garner a 10 per cent market share in the domestic passenger vehicle (PV) segment. The automaker, which currently has a market share of around 7 per cent in the domestic market, also aims to double its existing sales network to 600 plus outlets from over 300. "Seltos is the product with which we entered India, and since then, the journey of Kia India and the Seltos has been almost identical. We have a segment disruptor and a segment winner in the new Seltos and are confident to take forward the strong legacy of the Brand Seltos to lead the premium RV market," Kia India Managing Director and CEO Tae-Jin Park said. This strategic launch is key to the company's ambitions of attaining a 10 per cent market share soon, he added. "We feel that there is a lot of growth potential in the mid-SUV segment, and the new Seltos will grow the premium end of it," Park noted. With the ...
Kia, South Korea's second-biggest carmaker, said on Sunday it will launch its all-electric EV9 flagship SUV in the domestic market this week as part of its electrification efforts
New York City has filed a lawsuit against Hyundai and Kia, joining a host of other cities beset by a social media fuelled wave of car thefts due to a flaw that made some car models highly susceptible to theft. Viral how-to videos on TikTok and other sites show how to start the cars using only USB cables and a screwdriver. The reason is that some models sold by Hyundai and Kia in the US came without engine immobilisers, a standard feature on most cars since the 1990s that prevent the engine from starting unless the key is present. The lawsuit, which was filed with the US District Court in the Southern District of New York late Tuesday, alleges that Hyundai Motor America and Kia America Inc failed to keep up with other automakers by not adopting immobiliser technology that ensured car ignitions could not be started without their keys. "Hyundai's and Kia's business decisions to reduce costs, and thereby boost profits, by foregoing common anti-theft technology have resulted in an epidem
Hyundai and Kia have agreed to a $200 million settlement to resolve class-action litigation with owners of certain Hyundai and Kia vehicles without push-button ignitions