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<keyword id="19906967" type="General" weightage="100" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword> is looking to consolidate its position in the <keyword id="20027167" type="General" weightage="20" keywordseo="SUV" source="keywords">SUV</keyword> segment as it marks its entry into the highly competitive mid-size space which is currently dominated by South Korean and Japanese carmakers. The Mumbai-based auto major on Monday launched a midsize SUV coupe <keyword id="20400827" type="General" weightage="20" keywordseo="Curvv" source="keywords">Curvv</keyword> with petrol and diesel powertrains with a price starting at Rs 9.99 lakh. The company has already unveiled the electric version of the model in August. The model would be competing with the likes of <keyword id="2883300" type="General" weightage="20" keywordseo="Hyundai-Creta" source="Orion">Hyundai Creta</keyword>, <keyword id="7720018" type="General" weightage="20" keywordseo="Kia-Seltos" source="Orion">Kia Seltos</keyword>, Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, and Honda Elevate, among others. "Curvv is being positioned in the fast-growing, mid-size SUV segment, which is roughly 16% of the whole industry (passenger vehicle) size. If translated into numbers, it would be like 7 lakh units a year," Tata Motors Passenger Vehicle MD Shailesh Chandra told PTI in an interaction. The segment is very competitive with various brands having a product already in the market, he noted. Therefore, if one enters this segment so late, then it will have to think of coming up with a slightly differentiated approach, Chandra said. "And that was the thinking behind Curvv, which comes with an SUV coupe body style. We saw that this was gaining popularity globally, especially in the premium or luxury segment," he added. Further, he said: "So we thought, why don't we bring this into the crowded segment as a fresh, refreshing kind of a body style." When asked about sales expectations from the model, Chandra said: "We have come with this model, with the best in class features. It's a differentiated product in this and therefore we think it is going to perform well." He noted that Tata Motors currently has a market share of around 19% in the SUV segment and expects the new model to help it grow further. "We'll gain from where we are. The market leader in SUVs would be, say, 21-22 %, so it's a crowded segment. It's not that one player is holding the roost here. "All the top 3-4 players in SUVs are around the same market share figure," Chandra said. He noted that the company is also looking to enhance its dealer network by around 10-15 % in the next one year. "We have a very aggressive plan of expanding dealerships. We will need to have an enhanced network. We will have to make them bigger, also in size. And therefore, for EVs, we have started separation of the outlets. So there will be expansion in touchpoints, not only on the sales side, but big time on the service side as well," Chandra said. <keyword id="20400828" type="General" weightage="20" keywordseo="tata-curvv" source="keywords">Tata Curvv</keyword> comes with two petrol and a diesel engine option. "The introduction of the Curvv further enhances our SUV portfolio as a comprehensive mid-SUV product with multiple powertrains, several first-in-segment features, a brand new capable architecture - ATLAS and Level 2 ADAS," Chandra said. Besides Curvv, Tata Motors sells models like Punch, Nexon, Harrier and Safari in the domestic market.

Tata Motors eyes gains in SUV space as it drives in its Curvv

<keyword id="19896016" type="General" weightage="20" keywordseo="new-delhi" source="keywords">New Delhi</keyword>, <keyword id="20034542" type="General" weightage="20" keywordseo="kia-india" source="keywords">Kia India</keyword> 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 <keyword id="20037256" type="General" weightage="20" keywordseo="seltos" source="keywords">Seltos</keyword> 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. <keyword id="19997865" type="General" weightage="20" keywordseo="kia" source="keywords">Kia</keyword> <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> 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 &amp; 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 intends to increase its certified pre-owned network to 100 outlets by the end of 2024. It currently has 59 such outlets across the country.

Kia India looks to expand sales, service network to 700 touchpoints by year-end

<keyword id="19997865" type="General" weightage="20" keywordseo="kia" source="keywords">Kia</keyword> India on Friday said it is voluntarily recalling 4,358 units of a petrol variant of its mid-sized sports utility vehicle <keyword id="20037256" type="General" weightage="20" keywordseo="seltos" source="keywords">Seltos</keyword> 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 &amp; 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 recall. Kia sells models, including Seltos, Sonet and Carens, in the Indian market. SEE ALSO:<a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-add-subscribers-as-vis-subscriber-base-continues-to-decline/articleshow/107934565.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-add-subscribers-as-vis-subscriber-base-continues-to-decline/articleshow/107934565.cms" target="_blank">Reliance Jio and Airtel add subscribers as Vi’s subscriber base continues to decline</a><a href="https://www.businessinsider.in/tech/mobile/webstories/iqoo-neo-9-pro-vs-oneplus-12r-which-mid-range-phone-should-you-buy/slidelist/107938249.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/iqoo-neo-9-pro-vs-oneplus-12r-which-mid-range-phone-should-you-buy/slidelist/107938249.cms" target="_blank">iQOO Neo 9 Pro vs OnePlus 12R – which mid-range phone should you buy?</a><a href="https://www.businessinsider.in/business/auto/news/kawasaki-ninja-500-sports-bike-launched-in-india-at-5-24-lakh/slidelist/107916430.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/kawasaki-ninja-500-sports-bike-launched-in-india-at-5-24-lakh/slidelist/107916430.cms" target="_blank">Kawasaki Ninja 500 sports bike launched in India at ₹5.24 lakh</a>

Kia recalls 4,358 units of Seltos to replace electronic oil pump controller

New Delhi, Automaker Kia India on Thursday said it will increase prices of Seltos and Carens by up to 2 per cent from October 1, according to a senior company official. However, the company will not hike the prices of its entry-level model Sonet. "We are looking to take about a 2 per cent price increase on Seltos and Carens from October 1," Kia India National Head (Sales and Marketing) Hardeep S Brar told PTI. The company had last hiked prices in April this year as it upgraded its portfolio to conform to Real Driving Emission (RDE) norms, he said. "While many of the companies have already taken the price increase post-April, we, however, did not take...besides the raw material prices are going up.. and we introduced the new Seltos and a lot of investment has gone into the product..so we think it is time that we take the price increase," Brar said. Kia India also sells an electric model EV6 in the country.

Kia India to hike Seltos, Carens prices by up to 2% from Oct

South Korean auto major <keyword id="20190176" type="General" weightage="20" keywordseo="hyundai-motor" source="keywords">Hyundai Motor</keyword> Group on Thursday said it is looking to expand the annual production capacity across <keyword id="19906087" type="General" weightage="20" keywordseo="Hyundai" source="keywords">Hyundai</keyword> and <keyword id="19997865" type="General" weightage="20" keywordseo="Kia" source="keywords">Kia</keyword> brands in India to 15 lakh units per year, as part of its mid-to-long-term strategy in the country. Outlining the company's strategy for the India market, Hyundai Motor Group (HMG) Executive Chair Euisun Chung said the automaker plans to roll out more <keyword id="19962337" type="General" weightage="20" keywordseo="EVs" source="keywords">EVs</keyword>, while also utilising the country as an export hub for the neighbouring countries. Chung visited India on April 23 to review the group's mid-to-long-term strategies to solidify its position as a leading mobility provider. Hyundai Motor Group is expanding its manufacturing footprint in the Indian region with the establishment of an annual production system of 1.5 million vehicle units for Hyundai Motor India and Kia India combined, the automaker stated. Hyundai Motor India will start operating its Pune plant, acquired from General Motors last year, in the second half of the next year. Hyundai Motor is currently making improvements to the facility to create a production hub capable of building more than 200,000 units annually, it said. With the addition of the Chennai plant's production capacity of 824,000 units, Hyundai Motor will have an annual production capacity of over one million units when combined with the Pune plant, it added. Besides, Kia India's yearly production capacity will also be expanded to 431,000 units within the first half of this year. "Combined together, Hyundai Motor Group will have the ability to produce approximately 1.5 million units annually in India," HMG said. The group also plans to expand its EV lineup and create an EV ecosystem to accelerate customer uptake and expand charging infrastructure. It will also strengthen its SUV sales leadership in India, HMG said. Hyundai Motor India plans to unveil its first locally produced EV in India next year, it said. Starting with the mass production of its first <keyword id="21425421" type="General" weightage="20" keywordseo="electric-SUV-model" source="keywords">electric SUV model</keyword> at the Chennai plant at the end of 2024, the company plans to further produce five EV models by 2030, it added. Hyundai Motor India will also utilize its sales network hubs, expanding the number of EV charging stations to 485 by 2030, HMG said. Kia India will also start production of its local EV model in 2025 and plans to further expand its EV models, it added. The company will also focus on building EV charging infrastructure, it stated. "India is among the fastest-growing economies globally, and as this growth continues the strategic importance of Hyundai Motor India will only increase," Chung said while addressing employees in a town hall meeting. He further said, "by leveraging our strong reputation and competitive quality in India, we aim to expand exports to neighbouring countries, making India the global export hub to boost our regional market competitiveness." Chung said that by around 2030, the automaker expects to see a substantial expansion in the EV market in India. "In anticipation of this evolution, Hyundai is focused on developing locally tailored EVs aimed at establishing us as a leading global EV brand," he added. "We also plan to proactively build charging stations at strategic locations 'including dealerships' to facilitate the adoption of EVs," Chung said. Hyundai Motor India sells models like Creta, Verna while Kia India sells models like Seltos, Carens and Sonet in the country. 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Hyundai plans to scale up production capacity, introduce more EVs in India

New Delhi, <keyword id="4151067" type="General" weightage="50" keywordseo="kia-india" source="Orion">Kia India</keyword> 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 <keyword id="17897717" type="General" weightage="50" keywordseo="brand-seltos" source="Orion">Brand Seltos</keyword> 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 refreshed look, most powerful engine in the segment, and host of safety and smart features, the new Seltos inevitably will emerge as the most preferred drive for new-age customers, he added. Seltos brand currently contributes 55 per cent to Kia India's overall sales. It is one of the biggest brands for the Kia Corporation, with one out of every ten Kia cars sold globally being a Seltos. The new Seltos comes with all-new interiors and various safety features, including level 2 advanced driver assistance systems. The model is powered by 1.5-litre petrol and diesel powertrains mated with manual and automatic transmissions. Kia will open the bookings for the model, which would be available in 18 trims, on July 14 and commence sales on July 25.

Kia eyes 10% market share in PV segment as it unveils updated Seltos

<keyword id="20034542" type="General" weightage="50" keywordseo="kia-india" source="keywords">Kia India</keyword> on Tuesday said it has appointed <keyword id="20034541" type="General" weightage="50" keywordseo="gwanggu-lee" source="keywords">Gwanggu Lee</keyword> as the new Managing Director and CEO with immediate effect. Lee succeeds Tae Jin Park, who retires after a 36-year journey with <keyword id="19997865" type="General" weightage="100" keywordseo="kia" source="keywords">Kia</keyword> 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 more value and long-lasting impact for our customers, partners, and employees alike," he added. Kia currently sells five models, including Seltos, Sonet and Carens, in the Indian market. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/new-creta-to-punch-ev-cars-hitting-indian-market-in-january-2024/slidelist/106479554.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/new-creta-to-punch-ev-cars-hitting-indian-market-in-january-2024/slidelist/106479554.cms" target="_blank">New Creta to Punch EV – Cars hitting Indian market in January 2024</a><a href="https://www.businessinsider.in/business/auto/news/tata-motors-hyundai-sales-rise-maruti-suzuki-reports-a-decline-in-december-2023/articleshow/106474205.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/tata-motors-hyundai-sales-rise-maruti-suzuki-reports-a-decline-in-december-2023/articleshow/106474205.cms" target="_blank">Mixed December – While Tata Motors, Hyundai sales rise, Maruti Suzuki reports in the slow lane</a> <a href="https://www.businessinsider.in/tech/mobile/news/iqoo-12-vs-oneplus-11-vs-samsung-galaxy-s23-the-battle-of-the-affordable-flagships/articleshow/106200031.cms">iQOO 12 vs OnePlus 11 vs Samsung Galaxy S23 – the battle of the affordable flagships</a>

Kia India names Gwanggu Lee as new MD, CEO

Automaker <keyword id="6372046" type="General" weightage="20" keywordseo="kia" source="Orion">Kia</keyword> 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 <keyword id="7719901" type="General" weightage="80" keywordseo="seltos" source="Orion">Seltos</keyword> and <keyword id="12647263" type="General" weightage="80" keywordseo="carens" source="Orion">Carens</keyword> 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," <keyword id="17580649" type="General" weightage="80" keywordseo="kia-india-national-head" source="Orion">Kia India National Head</keyword> (Sales &amp; Marketing) Hardeep Singh <keyword id="3972428" type="General" weightage="80" keywordseo="brar" source="Orion">Brar</keyword> 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. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/ather-announces-new-e-scooter-450s-with-3-kwh-battery-pack/articleshow/100675350.cms">Ather announces new e-scooter '450S' with 3 kWh battery pack</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/indias-manufacturing-sector-hits-31-month-high-growth-in-may/articleshow/100675339.cms">India's manufacturing sector hits 31-month high growth in May</a>

Kia India sales up 3% in May at 24,770 units

New Delhi [India], November 29: The SUV segment is witnessing tremendous growth in India. Attractive designs, feature-loaded cabins, higher ground clearance for broken roads, and butch road presence are some of the reasons behind the surging popularity of SUVs. Mahindra &amp; Mahindra, with its strong SUV heritage, currently has three of the hottest-selling SUV models in its portfolio - the <keyword id="6871125" type="General" weightage="20" keywordseo="xuv700" source="Orion">XUV700</keyword>, <keyword id="177599" type="General" weightage="20" keywordseo="thar" source="Orion">Thar</keyword>, and <keyword id="13987144" type="General" weightage="20" keywordseo="scorpio-n" source="Orion">Scorpio N</keyword>. Owing to the high demand from customers, these vehicles command waiting periods ranging from 3 months to as long as 16 months! Mahindra XUV700: Up to 9 Months Waiting The XUV700, launched in 2021, is Mahindra's new flagship SUV. With its aggressive styling, premium interiors, potent engine options and generous features, the XUV700 has struck a chord with Indian SUV buyers. Pricing &amp; Positioning The XUV700 is a midsize SUV priced from Rs 14.03 lakhs to Rs 26.57 lakhs (ex-showroom). It competes primarily with 5/7-seater SUVs like Tata Safari, MG Hector Plus, Hyundai Alcazar and Skoda Kodiaq. Design &amp; Engineering The XUV700 has a bold and muscular exterior profile accentuated by the sleek LED headlamps integrated with the grille. The interior follows a black and beige dual-tone theme with soft-touch materials and premium finishes. Underpinning the SUV is a monocoque chassis made using high-tensile steel for rigidity and safety. Variants &amp; Colour Options It is offered in 2 broad trims - MX and AdrenoX (AX), comprising AX3, AX5 and AX7 variants. Colour options include Everest White, Midnight Black, Dazzling Silver, Red Rage and Electric Blue. Engine, Transmission &amp; Mileage The XUV700 lets buyers choose between two powerful engine options - a 2.0-liter turbocharged petrol and a 2.2-liter diesel motor. The petrol engine churns out 200 horsepower while the oil burner produces 185 horses. Both engines come mated to 6-speed manual as well as automatic transmissions. The top-end AX7 diesel variant also offers an optional all-wheel drive system for enhanced grip and control. In terms of fuel efficiency, the official ARAI testing claims the XUV700 delivers anywhere between 16-20 km/litre, depending on the exact variant you pick. Interior, Comfort &amp; Safety Features The XUV700's cabin offers an expansive space and a long list of features. It gets a large 10.25-inch touchscreen, panoramic sunroof, 7-inch digital driver display, connected car features, 6-way powered driver seat, dual-zone climate control, 12-speaker Sony sound system and more. Safety is comprehensively addressed with up to 7 airbags, ABS with EBD, ESP, hill-hold control, tyre pressure monitoring system and ADAS tech. The ADAS suite includes adaptive cruise control, autonomous emergency braking, lane departure warning, blind-view monitoring and more. Why is it in High Demand? The XUV700 strikes an excellent balance between features, performance and price. The SUV looks ultra-modern, offers a premium connected car experience at par with cars from higher segments, provides spirited performance, and focuses on safety. Attractive pricing has sealed the deal for buyers as the XUV700 offers terrific value. Mahindra Thar: 15-16 Months Waiting Period The new 2nd generation Thar went on sale in 2020. With its iconic retro design, unrivalled off-roadability and modern creature comforts, the SUV has become a hot seller, with waiting times extending to 15-16 months. Pricing &amp; Positioning The new Thar is priced from Rs 10.98 lakhs to Rs 16.94 lakhs (ex-showroom). It fills the slot of an affordable compact off-road SUV, similar to Force Gurkha. Design &amp; Engineering The new Thar carries forward the charm of the original Thar with its boxy profile, round headlamps and removable doors/roof. The interiors now get a major upgrade with touchscreen infotainment, steering-mounted controls, rear parking sensors, remote key and more. It retains rugged mechanics like a 4WD drivetrain, mechanical locking differentials, low-range gearbox and high ground clearance. Variants, Colors &amp; Seating Options It is offered in AX(O) and LX variants with a choice of 6 colours and a 4-seater configuration. Engine, Transmission &amp; Mileage Engine options include - 1.5L diesel, 2.0L turbo petrol and 2.2L diesel. Gearbox choices for these motors are 6-speed manual and automatic. ARAI mileage ranges from 15-18 km/l. Interior, Comfort &amp; Safety Features The cabin now features a 7-inch touchscreen, power windows, remote keyless entry, rear parking sensors, tilt adjustable steering and more. Safety is taken care of by dual airbags, ABS with EBD, rear parking sensors, seat belt reminders and more. Why is it Popular? The Thar blends iconic design, excellent off-road hardware, and modern comfort &amp; convenience features. Its capabilities to conquer rough terrain are unparalleled in its price range. The new Thar offers a unique driving experience - open-air motoring with the wind in your hair! Mahindra Scorpio N: Up to 11 Months Waiting Period The "Big Daddy of SUVs," the all-new 3rd generation Scorpio N, is the latest addition to Mahindra's SUV portfolio. Launched in 2022, the SUV has received a strong response, with bookings exceeding 1 lakh units, resulting in waiting periods of up to 11 months. Pricing &amp; Positioning The Scorpio N is positioned as an affordable 7-seater midsize SUV with prices ranging from Rs 13.26 lakhs to Rs 24.54 lakhs (ex-showroom). It rivals the MG Hector, Tata Harrier and Kia Seltos. Design &amp; Engineering The Scorpio N sports a radical design overhaul inside and out. The sophisticated new styling is complemented by a high-quality cabin loaded with features. Underpinning it is an advanced new 3rd generation body-on-frame platform. Variants, Colors &amp; Seating Options It is sold in Z2, Z4, Z6 and Z8 variants. Dual-tone colour themes are available across variants. Choice of 6 or 7-seater layouts. Engine, Transmission &amp; Mileage The Scorpio N lets you pick between two powertrain options - a 2.2-litre diesel engine and a 2.0-litre turbo-petrol motor. The oil burner churns out 132 PS of peak power while the turbo-petrol generates a healthy 203 horses. Both these engines come mated to 6-speed manual as well as automatic gearbox options. So whether you prefer self-shifting or the convenience of an auto, the Scorpio N has got you covered. In terms of efficiency, Mahindra claims the SUV can deliver up to 18 km/l as per ARAI tests. Real-world mileage is likely to be in the 12-15 km/l ballpark, which is quite respectable for this class of vehicle. Interior, Comfort and Safety Features The feature-loaded cabin gets an 8-inch touchscreen, UVO-connected car tech, 12-speaker Sony sound system, dual-zone climate control, 6-way powered driver seat, panoramic sunroof and more. The safety kit consists of 6 airbags, ABS with EBD, hill descent control, rear parking camera, TPMS and more. Higher variants also add on ADAS tech. Why is it in demand? The Scorpio N impresses with its striking new design, premium interiors, powerful engine performance and extensive features. Generous space for seven adults, strong build quality, and Mahindra's trusted brand name further attract buyers. The Bottom Line Attractive pricing, modern designs and extensive feature lists make the XUV700, Thar and Scorpio N a hit among SUV buyers. As a result, customers are facing long waiting periods of 3 to 16 months, depending on the chosen model and variant. However, the lengthy wait is well worth it, considering the excellent package Mahindra has put together with these new-age SUVs. (ADVERTORIAL DISCLAIMER: The above press release has been provided by ATK. will not be responsible in any way for the content of the same)

Thar, Xuv700, Scorpio N are the Mahindra's highest waiting cars

<keyword id="70910" type="General" weightage="20" keywordseo="hyundai-motor" source="Orion">Hyundai Motor</keyword> India Ltd is on track to achieving 60 per cent of its total domestic <keyword id="6357824" type="General" weightage="20" keywordseo="sales" source="Orion">sales</keyword> from <keyword id="60427" type="General" weightage="20" keywordseo="suvs" source="Orion">SUVs</keyword> this year with models like Creta and the newly launched Exter accelerating the growth, according to company COO Tarun Garg. With exports accelerating in the last three months, the company is also confident of sustaining its overseas shipments momentum despite concerns over global geopolitical situation. "We will end up with more than 60 per cent at the end of the year which is what we said at the beginning of the year...We are now almost reaching there," Garg told PTI. He was responding to a query on how much would SUVs contribute to the company's overall sales considering the traction its models have witnessed in the market. He further said,"For us the good thing has been that SUV contribution has moved to 63 per cent in October and year-to-date at 59 per cent as against industry SUV percentage of 48 per cent. So that has really helped us to outperform the industry in terms of January to October numbers." Hyundai Motor India Ltd (HMIL) clocked total sales of 68,728 units in October 2023 as compared to 58,006 units in the same month a year ago, a growth of 18.48 per cent. In the January-October period this year, total sales stood at 6,43,535 units as against 5,78,956 units in the year-ago months , a growth of 11.15 per cent. In the <keyword id="6382118" type="General" weightage="20" keywordseo="domestic-market" source="Orion">domestic market</keyword>, sales during the period were at 5,09,910 units as compared to 4,65,678 units in the corresponding period last year, up 9.49 per cent. At the beginning of 2023, Garg said the contribution of SUVs to the company's total sales was 53 per cent. Explaining reasons behind the growth of HMIL's SUV sales, he said,"The Creta continues to be an outperformer.With the year-till-date growth of 16 per cent it maintains the segment leadership. Also, Exter is doing very well." Hyundai Creta competes with the likes of Kia Seltos, Maruti Suzuki's Grand Vitara, among others in the Indian passenger vehicle market. On the exports front, Garg said the company is also on track to meeting its target of 1.6 lakh units for the year with the last "two to three" months turning out to be good. "From July, we have been able to increase our <keyword id="6390515" type="General" weightage="20" keywordseo="capacity" source="Orion">capacity</keyword> by about 4,000 units a month and that gives us some leeway in terms of managing domestic and exports demand," he said, adding the company has been able to fulfill "backorders" in this quarter for exports. Another factor for increase in exports is that the "Latin American markets have been doing quite well and that has really helped us to put in very healthy export numbers," Garg said. He, however, acknowledged that there are concerns over the global geopolitical developments, specially in Israel and the Middle East. "We are keeping our fingers crossed but as of now the order inflow has been reasonably okay," Garg said, adding the supply flexibility has helped HMIL export more in the last three months.

Hyundai Motor India set for SUVs accounting over 60% of total sales this year: COO Tarun Garg

Automobile manufacturer <keyword id="6372046" type="COMPANY" weightage="20" keywordseo="kia">Kia</keyword> on Tuesday relaunched its brand in India, and will now be known as <keyword id="4151067" type="COMPANY" weightage="20" keywordseo="Kia-India">Kia India</keyword>, instead of <keyword id="3507190" type="COMPANY" weightage="20" keywordseo="kia-motors-india">Kia Motors India</keyword>. "This is a proud and historic moment for us as India becomes the first country to transition to the new brand identity after our headquarters in South Korea. Our decision to increase the production capacity stems from our deep customer understanding where a faster delivery of our products can enhance their buying experience tremendously," said Kookhyun Shim, Managing Director and Chief Executive Officer, Kia India. "We are confident that this transformation will accelerate our growth by not only strengthening our premium positioning in the market but also making us one of the most aspirational brands for consumers." Till date, Kia India has launched three vehicles for Indian market - the Seltos, the <keyword id="24087" type="COMPANY" weightage="20" keywordseo="carnival">Carnival</keyword>, and the Sonet, and has become the youngest brand to be the 4th largest automaker in India with class-leading product offering, service quality and reliability. Kia India became the fastest automaker to reach the historic milestone of registering 2.5 lakh unit sales in just over one and half years of its operation. SEE ALSO: <a href="https://www.businessinsider.in/india/news/favipiravir-shortage-may-get-filled-up-in-a-couple-of-weeks-provided-people-dont-hoard/articleshow/82268973.cms">Favipiravir shortage may get filled up in a couple of weeks provided people don't hoard</a> <a href="https://www.businessinsider.in/international/news/india-will-receive-the-first-batch-of-russia-covid-19-vaccine-sputnik-by-may-1/articleshow/82269061.cms">India will receive the first batch of Sputnik V COVID-19 vaccine by May 1 — in time for the third phase of its vaccination drive</a> <a href="https://www.businessinsider.in/science/health/news/who-is-doing-everything-to-help-india-with-its-covid-19-crisis-as-gavi-waits-for-vaccine-exports-to-begin-again/articleshow/82270068.cms">WHO is ‘doing everything’ to help India with its COVID-19 crisis as GAVI waits for vaccine exports to begin again</a> <a href="https://www.businessinsider.in/politics/elections/news/election-commission-bans-all-victory-processions-on-or-after-counting-in-tamil-nadu-assam-goa-west-bengal-and-kerala-assembly-elections/articleshow/82269994.cms">Election Commission bans all victory processions on or after counting on May 2</a>

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