Kia Motors registers 50 pct growth in Nov 2020; Sonet dominates compact SUV market in India
Kia Motors on Tuesday announced that it posted a robust growth of 50% over the same period last year. The company registered a total sales of 21,022 units in November 2020 with Sonet dominating the compact SUV market in India with 11,417 units sold.
Kia Motors on Tuesday announced that it posted a robust growth of 50% over the same period last year. The company registered a total sales of 21,022 units in November 2020 with Sonet dominating the compact SUV market in India with 11,417 units sold. With only three products for the market, Kia has established itself as a disruptor in the Indian automobile industry with a consistent spot in the top 5 automakers list.
Seltos too maintained its positive run in the Indian market with 9,205 units sold in November 2020. With the improved sentiment and encouraging sales, Kia is looking to increase its growth trajectory and cement its position as one of the top car manufacturers in the country.
With two of the best-performing SUVs in the Indian market and witnessing constant growth post opening up of the economy in May, Kia Motors India is well equipped to lure in more and more customers to the Kia family.
“With its offerings in India, the company has been able to break the clutter and offer Indian consumers what has been missing in the current landscape. Despite challenging conditions caused by COVID-19 disruptions, Kia Motors India has not only delivered the vehicles as per promised timelines, but has also ensured uninterrupted production at its Anantapur plant to meet market demand,” the company said in a statement.
“I am delighted to witness the wide acceptance we have received in India for our vehicles. Since the Covid-19 outbreak, we were quite hopeful about the festive month and the results are overwhelming. Not only urban, but customers from tier II, III, and IV markets too are acknowledging the need for personal mobility to maintain personal safety. While there is still a lot of uncertainty in the market due to the pandemic, the overall consumer sentiment has significantly improved and we are all prepared to offer a safe and hassle-free ownership experience to our customers. We are expecting the market sentiment to improve more in coming months and we are confident that we will be able to continue this positive momentum in future as well,” Kookhyun Shim, Managing Director & Chief Executive Officer, Kia Motors India said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.