Powered by: Motilal Oswal
2024-12-22 04:28:00 pm | Source: IANS
Kia to launch compact SUV `Syros` in India next year

Kia, South Korea's second-biggest carmaker by sales, said on Sunday it will launch the compact SUV “Syros" in India next year to boost sales. 

Kia, the maker of K5 sedans and Sorento SUVs, unveiled the new model for the first time in India on Sunday. The Syros SUV will be released in two trims, one with a 1.0-liter gasoline turbocharged engine and the other with a 1.5-litre diesel engine, the company said in a press release.

Starting with sales in India, Kia plans to introduce the compact car in the Asia-Pacific region, Latin America and the Middle East, it said, reports Yonhap news agency.

The new model is equipped with safety features such as the front collision avoidance, lane-keeping assistance, surround view monitor and driver awareness warning systems. The company didn't provide the vehicle's price.

Meanwhile, Kia India has announced up to 2 per cent price hike across its entire lineup, effective from January 1, “primarily due to rising commodity prices and escalating supply chain-related costs”.

“At Kia, we are committed to delivering exceptional, technologically advanced vehicles of the highest quality to our valued customers. However, due to the persistent rise in commodity prices, unfavourable exchange rates, and increased input costs, a necessary price adjustment has become unavoidable,” said Hardeep Singh Brar, senior vice president, sales and marketing, Kia India.

Despite these challenges, Kia is absorbing a significant portion of the cost increase, minimizing the financial impact on our customers, so they can continue enjoying their favourite Kia vehicles without major dent on their pockets, he added.

Kia has sold 1.6 million units in India and overseas markets combined to date. Its best-selling innovation, Seltos, has surpassed 670,000-unit sales, followed by Sonet with over 480,000 units, Carens with 214,400 units and Carnival with over 15,000 units.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here
Latest News
RBI introduces revised framework for ARC-borrower se...

Agri Commodity Technical Report 21 January 2025 - Ge...

India, Belgium to deepen trade and investment ties: ...

Commodity Intraday Technical Outlook 21 January 2025...

Gold gains as dollar dips; Donald Trump`s tariff pla...

TCS gains on inaugurating new delivery center in France

Landmark Cars surges on getting LoI to open new MG S...

Nifty Open Interest Put Call ratio rose to 1.03 leve...

Seoul shares turn lower amid rising woes over US pro...

South Korea's 2025 growth outlook to be slashed to 1...