June 2, 2024
1 min read

Kia India’s May Sales Rise 3.9% Year-on-Year

The automaker said it also dispatched 2,304 units from India to overseas markets in the month…reports Asian Lite News

Kia India on Saturday said it has registered the sale of 19,500 units in May, a growth of over 3.9 per cent (year-on-year) compared to 18,766 units in the corresponding month of the last year.

The automaker said it also dispatched 2,304 units from India to overseas markets in the month, taking the production figure of Kia to 21,804 units.

With this, the company surpassed the 2.5 lakh export milestone to over 100 countries, it said in a statement.

Seltos contributed the majority, with almost 60 per cent of exports from India accounted for by the model. Sonet and Carens followed Seltos with 34 per cent and 7 per cent, respectively, of the overseas dispatches.

“With a robust network expansion strategy in place, we shall continue to grow in the rest of the year and cross 1 million domestic sales milestone soon,” said Hardeep Singh Brar, SVP and Head Sales and Marketing at Kia India.

Launched in January 2024, the new Sonet emerged as the highest-selling model for Kia India in May, with 7,433 units, closely followed by Seltos and Carens with 6,736 and 5,316 units, respectively.

“So far in this year, we have been aggressive in introducing new competitive variants of our models, which has contributed significantly to our sales,” said Brar.

The company has sold more than 9.8 lakh units in the domestic market, with Seltos contributing almost 50 per cent of the total.

Kia India commenced mass production in August 2019 and has an installed annual production capacity of 300,000 units.

ALSO READ: Steel Industry Experts Discuss Tech Trends and Challenges at ICONS-2024

Previous Story

Kamboj’s tenure ends as India’s Permanent Representative to UN

Next Story

Maruti Suzuki Sales Dip 2% in May

Previous Story

Kamboj’s tenure ends as India’s Permanent Representative to UN

Next Story

Maruti Suzuki Sales Dip 2% in May

Latest from Business

Airbus delivers first jet from new China line

Airbus has delivered the first A320neo from its second Tianjin assembly line, expanding production capacity as China’s aviation market continues to grow, reports Asian Lite News Desk Airbus has delivered the first

Hong Kong retains global finance crown in Asia

Hong Kong retains third place in the latest global financial centres index, leading Asia-Pacific while ranking first worldwide in fintech and financial sector development, reports Asian Lite News Desk Hong Kong has

Oracle cuts jobs as AI spending surges

The move follows a substantial reduction in Oracle’s workforce during the company’s latest financial year. Company filings show that its employee count fell by around 21,000, or 13 per cent, during the

India Remittances Surge Over Decade

Digital connectivity has strengthened these links by allowing migrants to share knowledge and expertise remotely while continuing to work and remain economically active overseas…reports Asian Lite News Desk India’s remittance economy has

Apple Bundles TV, Arcade With iCloud+

Apple said the expanded iCloud+ package will roll out in more than 100 countries and regions through the end of September Apple has expanded its technology and subscription ecosystem in India with
Go toTop

Don't Miss

UAE-India Partnership Eyes Future Industries

More than 500 leaders gathered in Ahmedabad as Investopia strengthened

New Delhi approves India-Bangladesh pact on water withdrawal

A Joint Monitoring Team shall be set up by both