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Kia Motors Corp
Automaker Kia India on Saturday reported a 23.8 per cent rise in total sales at 25,026 units in February compared to 20,200 units sold in the same month last year. The recently launched compact SUV Syros registered sales of 5,425 units in February with over 20,000 bookings, Kia India said in a statement. SUVs Sonet and Seltos clocked 7,598 and 6,446 units respectively while MPV Carens registered 5,318 units and Carnival Limousine had sales of 239 units last month, it added. "Kia India continues to grow steadily, driven by strong customer demand and our commitment to delivering cutting-edge mobility solutions...With a diverse and evolving product lineup, Kia India continues to respond to market demand with agility and precision," Kia India Senior Vice President and Head of Sales and Marketing, Hardeep Singh Brar said.
Increase in tax on electric vehicles will make it difficult for the electrification journey of the Indian automotive industry, Kia India Managing Director and CEO Gwanggu Lee said on Thursday. The company, which unveiled its new company SUV Syros, is looking at around 17 per cent sales growth next year at 3 lakh units as compared to 2.55 units expected this year. A big burden for EVs is still the high price, Lee told PTI here in an interaction. "So without any tax incentive from the government it is very difficult," he said when asked about the impact on possible increase in tax on EVs. New EVs at present attract 5 per cent GST. There has been speculation that the GST rate on used EVs, currently taxed at 12 per cent, may be reclassified into the higher 18 per cent tax slab. Kia India currently sells two EV models -- EV6 with price starting at Rs 60.96 lakh and EV9 tagged at Rs 1.3 crore. Lee cited the example of Canada where sales of EVs crashed when the incentives on EVs were .
Kia India on Tuesday said its total wholesales increased 17 per cent year-on-year to 23,523 units in September. The automaker had dispatched 20,022 units to dealers in September 2023. "Our continuous exceptional sales performance is driven by the overwhelming response from customers during the festive season of Ganesh Chaturthi and Onam," Kia India Senior Vice President and National Head of Sales & Marketing Hardeep Singh Brar said in a statement. The automaker has also prioritised expanding touchpoints, ensuring that mobility solutions are accessible to all customers across the country, he added.
Kia India on Thursday said it will increase prices of its range of vehicles by up to 3 per cent from April 1, 2024. The decision is attributed to the escalation in commodity prices and supply chain-related inputs, the automaker, which sells models like Seltos, Sonet and Carens, said in a statement. It marks the first price adjustment by the company this year, Kia India said. Commenting on the development, Kia India National Head Sales and Marketing Hardeep Singh Brar said the company consistently strives to deliver premium and technologically advanced products to customers. "However, due to the continuous increase in commodity prices, adverse exchange rate and rising input cost, we are compelled to implement a partial price hike," he added. The company is absorbing a significant portion of the increase, allowing customers to continue driving their favourite Kia cars without a major dent in their pockets, Brar stated. Kia has sold almost 1.16 million units in India and overseas .
Kia India on Friday said it is voluntarily recalling 4,358 units of a petrol variant of its mid-sized sports utility vehicle Seltos to replace the electronic oil pump controller. The company is recalling Smartstream G1.5 Petrol Seltos with IVT transmission, manufactured between February 28 and July 13, 2023, the South Korean automaker said in a statement. The recall has been prompted by a potential error in the electronic oil pump controller, which may impact the performance of the electronic oil pump in the specified transmission variant, it added. The company said it has informed the Ministry of Road Transport & Highways (MoRTH) about the voluntary recall initiative. Since the safety of car owners is a top priority, the company is proactively replacing the electronic oil pump controller in the affected units for a seamless ownership experience, the statement said. The automaker will directly reach out to the owners of the vehicles concerned to update them about the voluntary ...
Kia India on Tuesday said it has appointed Gwanggu Lee as the new Managing Director and CEO with immediate effect. Lee succeeds Tae Jin Park, who retires after a 36-year journey with Kia Corporation including a four year stint with Kia India, the automaker said in a statement. Lee has held leadership positions in various capacities in both developed and developing economies, including roles in the US, Canada, Italy, Mexico, Kia Headquarters in Central and South America, and Kia Europe Headquarters in Germany. His recent role as President at Kia Mexico played a pivotal role in the company's substantial growth and establishment as a production and export hub, the company said. With two segment-breaking updates -- the new Seltos and the new Sonet, and a host of more innovative products on the way, Kia India is surely on the right path to sustainable business growth, Lee stated. "My vision is to unlock the next phase of growth through inspiring Kia brand experiences thereby creating m
Automaker Kia India on Thursday said its total wholesales increased 3 per cent to 24,770 units in May. The company undertook a plant maintenance shutdown from May 15-20. It had dispatched 24,079 units to dealers in May 2022. While the overall domestic sales stood at 18,766 units, exports accounted for 6,004 units in May 2023. Sonet sales stood at 8,251 units last month, while Seltos and Carens dispatches stood at 4,065 and 6,367 units, respectively. The company also reported sales of 83 units of its electric offering EV6. "Although we faced some production limitations due to our plant annual maintenance shutdown for a week in May which impacted our numbers, we are confident of strong performance in coming months," Kia India National Head (Sales & Marketing) Hardeep Singh Brar said in a statement. The company is witnessing a growing demand for the iMT range, he added. "This month, iMT has contributed 38 per cent of our total sales," Brar said.
Automaker Kia India on Wednesday said it crossed 2 lakh export milestone in FY23 and continues to see robust demand from various regions like the Middle East and Mexico. The company said it has shipped cars to around 95 countries till date. Kia said Seltos remains the top contributor to Kia's export numbers, with 1,35,885 units dispatched to over 95 countries. The automaker reported 22 per cent growth in exports in March quarter 2023 as compared the same period last year, it added. We are proud to showcase the manufacturing prowess of our next-gen Anantapur facility to the world by making, innovating, and investing in India and contributing to the government's vision, Kia India Chief Sales & Business Officer Myung-sik Sohn said in a statement. This also showcases how India, as a manufacturing hub, is ready to cater to the growing demand for SUVs globally, he added. Kia India said it continues to witness robust demand for Seltos, Sonet and Carens in overseas markets like the Middl
Kia India on Wednesday announced opening the bookings for the 2023 version of its electric vehicle EV6 from April 15. The 2023 EV6 will be available in two variants -- GT Line and GT Line AWD at an ex-showroom price of Rs 60.95 lakh and Rs. 65.95 lakh respectively, the company said in a statement. "For this year, we are focussing on importing more products to cater to the audiences who couldn't get their hands on the premium car last year by expanding our dealer network," Kia India MD & CEO Tae-Jin Park said. The company, which had sold 432 units of EV6 in 2022, further said it plans to expand the 150 kW high-speed charger network from the existing 15 dealerships to all 60 outlets. * ** ** ** ** ** ** ** Tata Motors appoints Inchcape as commercial vehicles distributor in Thailand * Tata Motors on Wednesday announced a partnership with Inchcape plc for distribution of its commercial vehicles in Thailand. Inchcape comes with a rich experience, expertise and strong understanding of