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KG Mobility, Renault Korea threaten Hyundai, Kia in midsize SUV market KG Mobility and Renault Korea Motors have made strong challenges with their new models in the midsize SUV segment, which has been largely dominated by Hyundai Motor Group, according to industry data on Monday.  According to the Korea Automobile and Mobility Industry Association, KG Mobility's Actyon and Renault Korea's Grand Koleos, both SUV brands introduced this summer, sold 1,686 units and 3,900 units, respectively, in September. Their combined market share totalled 24.8...
KG Mobility, Renault Korea threaten Hyundai, Kia in midsize SUV market
KG Mobility, Renault Korea threaten Hyundai, Kia in midsize SUV market
Source: IANS
2024-10-14 09:58:24 am
Hyundai plots India SUV rollout as domestic competition mounts ahead of IPO Hyundai Motor, long the most successful foreign automaker on Indian roads, is hoping to regain market share from increasingly formidable domestic rivals by launching a series of new SUVs as it gears up for a $3 billion public listing in the country. The SUV rollout will begin with its first India-made electric vehicle early next year and the launch of at least two gasoline-powered models tailored for the market starting in 2026, said three sources with knowledge of the company's plans....
Hyundai plots India SUV rollout as domestic competition mounts ahead of IPO
Hyundai plots India SUV rollout as domestic competition mounts ahead of IPO
Source: Reuters
2024-08-29 11:06:36 am
Mahindra & Mahindra posts 5 pc net profit drop in Q1, sales up on strong SUV demand Mahindra & Mahindra on Wednesday reported revenue growth of 11.2 per cent (year-on-year) at Rs 27,133 crore in the first quarter of FY25, while net profit fell 5 per cent to Rs 2,613 crore YoY.   The PAT, excluding gains on KG Mobility and MCIE sale, stood at Rs 2,120 crore, recording a growth of 23 per cent YoY, said the company. The company’s standalone EBITDA increased by 16 per cent to Rs 4,116 crore compared to Rs 3,551 crore posted in the same period last year. &...
Mahindra & Mahindra posts 5 pc net profit drop in Q1, sales up on strong SUV demand
Mahindra & Mahindra posts 5 pc net profit drop in Q1, sales up on strong SUV demand
Source: IANS
2024-08-01 09:26:28 am
Hyundai Motor accepts preorders for Casper Electric mini SUV Hyundai Motor, South Korea's largest automaker, on Tuesday started receiving preorders for the company's Casper Electric mini SUV in South Korea, the company said.  The EV will be sold under the name Inster in overseas markets. It will launch first in South Korea this summer, followed by Europe, the Middle East and Asia Pacific. The company said it has started accepting preorders for the long-range "Inspiration" variant of the Casper Electric, which was unveiled a...
Hyundai Motor accepts preorders for Casper Electric mini SUV
Hyundai Motor accepts preorders for Casper Electric mini SUV
Source: IANS
2024-07-09 10:03:42 am
India`s auto sector cruises in top gear as higher demand drives up sales India?s auto sector is cruising in top gear in the current financial year with leading players notching up higher sales of cars, two-wheelers and commercial vehicles driven by higher demand in a growing economy.The launch of new models, especially in the SUV segment has driven up the sales of passenger vehicles, while two-wheeler sales have surged on the back of higher rural incomes, according to auto sector executives.The demand for commercial vehicles has also increased, reflecting the high...
India`s auto sector cruises in top gear as higher demand drives up sales
India`s auto sector cruises in top gear as higher demand drives up sales
Source: IANS
2024-07-02 02:02:51 pm
Hyundai Motor register decline, Kia logs growth in overall sales in June Automaker Hyundai Motor India has registered a decline of 1.22 per cent in overall auto sales in the month of June, while Kia India reported a growth of 9.8 per cent, the companies said on Monday. Hyundai Motor registered total sales of 64,803 units -- domestic 50,103 units and exports 14,700 units -- in June 2024, as compared to 65,601 units sold in June last year. The automaker also completed the first half (H1) of 2024, with total sales of 3,85,772 units, achieving a growth of 5.68 p...
Hyundai Motor register decline, Kia logs growth in overall sales in June
Hyundai Motor register decline, Kia logs growth in overall sales in June
Source: IANS
2024-07-01 05:46:08 pm
Indian carmakers post SUV-led June sales growth amid heat waves Carmakers Mahindra & Mahindra and the Indian units of Toyota Motor Corp and Kia Motor reported higher car sales in June, boosted by demand for sports utility vehicles (SUV) even as heat waves weighed on purchase decisions. Each month, automobile makers in India release wholesale numbers, or vehicle sales, to dealers. The sales numbers are seen as a key indicator of private consumption in India. The auto sector contributes around 7% to the country's economy. According to month...
Indian carmakers post SUV-led June sales growth amid heat waves
Indian carmakers post SUV-led June sales growth amid heat waves
Source: Reuters
2024-07-01 04:53:46 pm
Monthly Update : SUVs continue their good run, exports recovery on track by LKP Securities Sector performance The month of May has shown strong volume performance for the SUV segment, while CVs have shown some positivity. Improvement in sentiments, absorption of price hikes, new model launches and slow and steady revival of rural markets has led to good growth in 2Ws on YTD basis and SUVs. CVs have performed well on low base, especially the lighter segment. 2W exports have put up a decent growth on yoy basis despite the Red Sea crisis. In the month of May, the temporary muted na...
Monthly Update : SUVs continue their good run, exports recovery on track by LKP Securities
Monthly Update : SUVs continue their good run, exports recovery on track by LKP Securities
Source: LKP securities Ltd
2024-06-03 03:52:55 pm
Kia debuts its new SUV 'EV3' globally, offers up to 600 km of range Automaker Kia on Thursday revealed its new all-electric SUV -- EV3, globally, offering a driving range of up to 600 km and 10 to 80 per cent battery charging in 31 minutes.   According to the company, the new EV SUV will be introduced first in South Korea in July this year, followed by its European launch in the second half of the year. The company also plans to further expand the sales of EV3 into other regions, with subsequent launches to be expected after the European market ent...
Kia debuts its new SUV 'EV3' globally, offers up to 600 km of range
Kia debuts its new SUV 'EV3' globally, offers up to 600 km of range
Source: IANS
2024-05-23 06:25:41 pm
Kia unveils revamped EV6 electric vehicle Kia, South Korea's second-largest automaker, on Tuesday announced the release of a redesigned and upgraded version of its EV6 electric vehicle, which was first introduced in 2021. The revamped crossover SUV features a fresh design and is equipped with a fourth-generation 84 kWh battery and an advanced infotainment system based on Hyundai Motor Group's software defined vehicle (SDV) technology. Kia said it accentuated the dynamism of the new EV6 under the company's design phi...
Kia unveils revamped EV6 electric vehicle
Kia unveils revamped EV6 electric vehicle
Source: IANS
2024-05-14 10:08:35 am
Mahindra Auto sells 41,008 SUVs in India in April, registering 18 pc growth Mahindra & Mahindra (M&M) on Thursday announced that it sold a total of 41,008 SUVs in the domestic market in April, registering an 18 per cent (year-on-year) growth compared to the same month of last year when it sold 34,694 SUVs. The company also mentioned that it sold 41,542 units of passenger vehicles in the utility vehicle segment, including both domestic and export numbers. The SUV maker's overall auto sales for April stood at 70,471 vehicles, a growth of 13 per cent, ...
Mahindra Auto sells 41,008 SUVs in India in April, registering 18 pc growth
Mahindra Auto sells 41,008 SUVs in India in April, registering 18 pc growth
Source: IANS
2024-05-02 03:00:09 pm