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<keyword id="3507190" type="COMPANY" weightage="20" keywordseo="kia-motors-india">Kia Motors India</keyword> on Wednesday said its recently-launched compact sports utility vehicle (SUV) Sonet has got 50,000 bookings. In a statement, <keyword id="109790" type="COMPANY" weightage="20" keywordseo="Kia-Motors">Kia Motors</keyword> India - a wholly owned subsidiary of <keyword id="1055815" type="COMPANY" weightage="20" keywordseo="Kia-Motors-Corporation">Kia Motors Corporation</keyword> of South Korea - said: "This record booking number affirms its status as a game-changer by customers in the highly competitive compact SUV category. This milestone figure was attained within two months of opening of bookings on August 20, 2020." Kia Motors said that last month 9,266 units of the Sonet were dispatched, making it the leader of the compact SUV segment within 12 days of its price announcement and market launch. Curiously, the announcement comes on the day when Japan's Nissan Motor Corporation world premiered its new compact sports utility vehicle (SUV) Magnite and said it would be made in India for Indian and the global market. The Magnite will soon be fighting against Sonet, Hyundai Motor's Venue and others in the Indian market. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-ril-ioc-ongc-cipla-hindustan-zinc-prabhat-dairy-and-others/articleshow/78780036.cms" data-type="tilCustomLink">Top stocks to watch — RIL, IOC, ONGC, Cipla, Hindustan Zinc, Prabhat Dairy, and others</a> <a href="https://www.businessinsider.in/tech/mobile/news/checkout-samsung-galaxy-m51-mobile-review/articleshow/78780771.cms" data-type="tilCustomLink">Samsung Galaxy M51 review – insane battery life</a> <a href="https://www.businessinsider.in/defense/news/india-will-be-most-consequential-partner-for-us-in-indo-pacific-this-century/articleshow/78780949.cms" data-type="tilCustomLink">US Defence Secretary believes India will be the most consequential partner for US in Indo-Pacific this century</a>

Kia Sonet gets over 50,000 bookings in just 2 months

<ul><li><keyword id="42747" type="COMPANY" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword> has launched a subscription model for the <keyword id="4911297" type="PERSON" weightage="20" keywordseo="Electric-version">electric version</keyword> of its compact SUV Nexon.</li><li>It offers customers to select the tenure of their subscription from a minimum period of 18 months to 24 months and up to 36 months.</li><li>For 18 months, a customer will have to pay ₹47,900 monthly subscription fee, for 24 months ₹44,900 and for 36 months ₹41,900 per month. </li><li><a href="https://www.businessinsider.in">Check out the latest news and updates on Business Insider. </a></li></ul>In January, Tata Motors launched its electric SUV — Nexon, and now it has launched the ‘first-of-its-kind’ subscription model for this compact SUV, making it available to customers at a fixed monthly rental. The idea of a car subscription model is still gaining traction in India and this also provides a smart platform for Tata to boost the potential for electric cars in the near future. The company is offering <keyword id="7931165" type="COMPANY" weightage="20" keywordseo="tata-nexon-ev">Tata Nexon EV</keyword> at an all-inclusive fixed rental starting at only ₹41,900 per month. It offers customers to select the tenure of their subscription from a minimum period of 18 months to 24 months and up to 36. The subscription model is customised for corporates who prefer to lease, individuals with frequent inter-city job transfers, and expatriates who stay for a fixed tenure, among others, <a href="https://www.tatamotors.com/press/experience-the-pleasure-of-driving-an-ev-without-actually-buying-one-drive-home-indias-largest-selling-ev-tata-nexon-with-just-a-monthly-subscription/">the company said</a>. Subscription model for Tata Nexon EV <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tenure </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18 months </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">24 months </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">36 months </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Monthly Rental </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> ₹47,900 </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹44,900 </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹41,900 </td></tr></tbody></table> Tata Motors has partnered with leasing firm <keyword id="9708908" type="COMPANY" weightage="20" keywordseo="Orix-Auto-Infrastructure-Services">Orix Auto Infrastructure Services</keyword> to offer the service. Currently, this option will only be available in five metro cities— Delhi, Mumbai, Pune, Hyderabad and Bengaluru. "EVs are the future, and as the leader of this fast-growing segment, the company is committed to popularise their access and use in India," <keyword id="9242227" type="COMPANY" weightage="20" keywordseo="tata-motors-passenger-vehicles-business-unit">Tata Motors Passenger Vehicles Business Unit</keyword> President Shailesh Chandra said. The new Tata Nexon is priced at ₹14 lakhs - ₹16 lakhs (ex-showroom). It comes with all luxurious features such as auto AC with rear AC vents, height-adjustable headrests and a 7.0-inch touchscreen infotainment system, which offers Android Auto and Apple CarPlay as well. With this novel subscription model, the company is making it more convenient for interested users of EVs to experience their myriad benefits, he added. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/inside-look-of-kia-motors-new-compact-suv-kia-sonet-that-launches-today/slidelist/77405381.cms" data-type="tilCustomLink">A sneak preview of Kia Sonet — the latest ‘Made-in-India’ compact SUV car</a> <a href="https://www.businessinsider.in/stock-market/markets/news/manappuram-finance-and-muthoot-finance-share-price-chart-after-after-rbi-increased-the-loan-to-value-ratio-on-gold/articleshow/77388739.cms" data-type="tilCustomLink">RBI eases gold loan norms — you can now borrow more against gold jewellery</a>

Tata Nexon EV is now available on rent— these are the various plans

<ul><li><keyword id="19909974" type="General" weightage="100" keywordseo="maruti-suzuki" source="keywords">Maruti Suzuki</keyword> has reported a slight decline in sales year-on-year.</li><li><keyword id="19906967" type="General" weightage="80" keywordseo="tata-motors" source="keywords">Tata Motors</keyword> and <keyword id="19906087" type="General" weightage="80" keywordseo="hyundai" source="keywords">Hyundai</keyword> have reported an increase in sales in December 2023.</li><li>The overall passenger vehicles segment has reported an increase in sales in the last month of the year.</li></ul>As the month of December comes to an end, the <keyword id="46211" type="General" weightage="20" keywordseo="auto-sales" source="Orion">auto sales</keyword> data is giving us an insight about the performance of major automakers in the country in the last month of the year. While the country’s leading automaker Maruti <keyword id="20032993" type="General" weightage="80" keywordseo="suzuki" source="keywords">Suzuki</keyword> has reported a slight decline in sales, Tata Motors and Hyundai have reported a rise in sales. The overall passenger vehicle segment recorded an increase of 4.4% year-on-year, from 2,75,653 vehicles sold in December 2022 to 2,87,904 vehicles sold in December 2023. <cmsannotation type="cmsannotation" annotationid="Maruti Suzuki reports a decline" comment="subhead" text="Maruti Suzuki reports a decline">Maruti Suzuki reports a decline</cmsannotation> India’s leading carmaker Maruti Suzuki reported a slight decline in sales in December 2023. The company sold 1,37,551 vehicles in December 2023, down from 1,39,347 vehicles sold in December 2022, a decline of 1%. The company however managed to sell over 20 lakh vehicles in 2023. <cmsannotation type="cmsannotation" annotationid="Tata Motors and Hyundai report an increase in sales" comment="subhead" text="Tata Motors and Hyundai report an increase in sales">Tata Motors and Hyundai report an increase in sales</cmsannotation> Tata Motors and Hyundai Motor India (HMIL) reported an increase in sales. Indian automaker Tata Motors sold 43,470 vehicles in December 2023, up from 40,043 vehicles sold in December 2022, recording a 9% increase in sales. With this, the company managed to occupy the second spot in India’s PV segment, behind Maruti Suzuki. Tata Motors also reported a slight increase in sales of its commercial vehicles. The company sold 34,180 vehicles in December 2023, up from 33,949 vehicles sold in December 2022, recording an increase of 1%. Hyundai takes the third spot with 42,740 vehicles sold in December 2023, up from 38,831 vehicles sold in December 2022, recording an increase of around 10%. Hyundai has recorded sales of over 6 lakh vehicles in 2023, marking its highest ever domestic sales in the country. <cmsannotation type="cmsannotation" annotationid="Honda reports an increase in sales" comment="subhead" text="Honda reports an increase in sales">Honda reports an increase in sales</cmsannotation> Honda reported an increase in sales in December 2023, selling 7,902 cars in the country, up from 7,062 vehicles sold in December 2022, registering a growth of 12% year-on-year. <cmsannotation type="cmsannotation" annotationid="Mahindra and Mahindra sales rise by 24%" comment="subhead" text="Mahindra and Mahindra sales rise by 24%">Mahindra and Mahindra sales rise by 24%</cmsannotation> Indian automaker Mahindra and Mahindra recorded a sale of 35,174 cars in December 2023, up from 28,445 cars sold in December 2022, registering a 24$ increase in sales year-on-year. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/upcoming-new-cars-and-suvs-in-india-in-2024/slidelist/106319563.cms">Five-door Thar to Creta, Sonet facelifts – SUVs, upcoming cars to hit Indian roads in 2024</a> <a href="https://www.businessinsider.in/business/auto/news/new-electric-scooters-and-bikes-launching-in-india-in-2024/slidelist/106354504.cms">Electric Activa to the KTM E-Duke – e-scooters &amp; bikes set to hit Indian roads in 2024</a> <a href="https://www.businessinsider.in/business/auto/news/new-upcoming-electric-cars-in-india-in-2024/slidelist/106347950.cms">New upcoming electric cars in India in 2024</a>

Mixed December – While Tata Motors, Hyundai sales rise, Maruti Suzuki reports in the slow lane

<keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>'s wearable market shipped a record 48.1 million units in the third quarter this year, a 29.2 per cent year-over-year (YoY) growth, a new report showed on Wednesday. Apart from the new smartwatch and earwear models, smart rings became prominent in the third quarter, according to the data from International Data Corporation (IDC). The smart ring category is generating a lot of interest from consumers, particularly due to the interesting form factor and several launches in the past few months. "Smart rings add novelty to the wearable device space, with brands trying to position it as a fashion accessory and a non-intrusive health device. While currently there are very few models, we can expect more mainstream brands launching more affordable options next year," said <keyword id="3886166" type="General" weightage="80" keywordseo="upasana-joshi" source="Orion">Upasana Joshi</keyword>, Research Manager, Client Devices, IDC India. Ultrahuman led the smart ring category with an impressive 75.5 per cent market share, followed by <keyword id="19504357" type="General" weightage="80" keywordseo="pi-ring" source="Orion">Pi Ring</keyword> at 10.9 per cent, and boAt (<keyword id="6494266" type="General" weightage="80" keywordseo="imagine-marketing" source="Orion">Imagine Marketing</keyword>) with an 8.2 per cent market share in the third quarter. Overall, the domestic wearable market shipped 105.9 million units in the first three quarters of 2023, which is more than 100.1 million units shipped in 2022. The overall average selling price (ASPs) declined by 20.4 per cent from $27.2 to $21.7. "Brands have upped the game with high-end specifications at entry-level pricing. This combined with high-decibel marketing campaigns and promotions will drive Q4 shipments, resulting in strong double digit annual growth in 2023," said <keyword id="218502" type="General" weightage="50" keywordseo="vikas-sharma" source="Orion">Vikas Sharma</keyword>, senior market analyst, <keyword id="1531471" type="General" weightage="50" keywordseo="wearable-devices" source="Orion">Wearable Devices</keyword>, IDC India. boAt (Imagine Marketing) continued to dominate the overall wearable market with 29.7 per cent share, growing by 19.4 per cent. In <keyword id="5617680" type="General" weightage="80" keywordseo="tws" source="Orion">TWS</keyword> too, it maintained leadership with 37.9 per cent share, 33.3 per cent growth YoY. It stood third in the smartwatch category with 14.2 per cent market share. Noise (Nexxbase) stood second in overall wearables with 10.8 per cent share and flat 0.6 per cent YoY shipment growth. It dropped to second in the smartwatch category with 20.7 per cent market share and maintained its fourth position in the TWS segment at 7.7 per cent share, growing by 20.4 per cent YoY, the report mentioned. Smartwatches remained the fastest growing category with 16.9 million units, growing by 41 per cent YoY as incumbent vendors shipped aggressively to stock for the upcoming festive season. Within wearables, the share of earwear dropped to 64.4 per cent from 67.3 per cent a year ago, but shipments still grew 23.6 per cent to 30.9 million units, according to the report. SEE ALSO:<a href="https://www.businessinsider.in/tech/apps/news/google-to-stop-offering-unlimited-whatsapp-backups-heres-what-it-means/articleshow/105230545.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/apps/news/google-to-stop-offering-unlimited-whatsapp-backups-heres-what-it-means/articleshow/105230545.cms" target="_blank">Google to stop offering unlimited WhatsApp backups – here’s what it means for you and me</a><a href="https://www.businessinsider.in/sports/webstories/australia-vs-south-africa-icc-world-cup-2023-semi-final-preview/slidelist/105231156.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/australia-vs-south-africa-icc-world-cup-2023-semi-final-preview/slidelist/105231156.cms" target="_blank">Aus vs SA WC semi-final – Head-to-head, key players, likely XI and more</a><a href="https://www.businessinsider.in/business/auto/news/suvs-under-rs-10-lakh-in-india-in-2023/slidelist/105185630.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/suvs-under-rs-10-lakh-in-india-in-2023/slidelist/105185630.cms" target="_blank">Tata Nexon to Kia Sonet – SUVs under ₹10 lakh in India</a>

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Kia Sonet gets over 50,000 bookings in just 2 months

IANS

Tata Nexon EV is now available on rent— these are the various plans

Navdeep Yadav

Mixed December – While Tata Motors, Hyundai sales rise, Maruti Suzuki reports in the slow lane

Sourabh Jain

India's wearable market grows 29.2% in Q3, smart ring category shows promise

IANS

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