According to reports, Kia India is planning to boost profits by raising prices of some models and launching new models.
Kia vehicles are being liked a lot in India
Kia is planning to further strengthen its sales trend in the Indian automobile market. India is the fourth largest automobile market in the world. In such a situation, now the company is planning to increase the prices of some models in India to increase its profits. The Seltos X line is a new model that comes with a sporty body design.
In this you get 7 factors which include matte granite, pattern color and indigofera leather. These make it different from the old Seltos model. It was first shown as a concept car at the LA Auto Show 2019. But this time the X line that has been released is a bit different from the auto show vehicle. It has been released only for the Indian market.
It is being said that Kia can also release MPV ie Multi Purpose Vehicle models here by next year. According to the industry, the MPV model will be based on the Seltos models. At the same time, it is also being said that Kia Soul will be released in the Indian market.
With the new Seltos trim, Kia is looking to further accelerate its growth in the Indian market here. Kia’s growth is quite good. In such a situation, the company also crossed the 300,000 units mark in the month of July. This figure has come to the fore at a time when it has been less than 2 years since Kia entered India. Kia is currently at the top in terms of entry of new companies in India.
KIA sold 16,750 units last year, up 54.3% year-on-year. Seltos was the top seller with 8,619 units, followed by Sonet with 7,752 units and Carnival with 379 units. The carmaker’s production has remained stagnant due to the shortage of automobile semiconductors, but KIA grew its sales by 11% over the last month and showed a different growth rate. Both India’s top automobile brands, Maruti Suzuki and Hyundai Motor showed a decline in sales.
In the last month, the market share of KIA increased by 0.22% to 6.44%. The sales ranking also jumped from 5th to 4th position in July, beating Mahindra. The sales of Seltos played a major role in the rapid growth of Kia in India. Since its first launch in the Indian market in August 2019, Seltos has sold over 200,000 units in 2 years, accounting for more than 2/3 of all current sales of Kia India.
read this also:
The craze of Tata Tigor EV increased in Mumbai, so many people booked, know what is special
Ford India gave big relief to the employees, the company will continue operation in this engine plant