LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Automobile News

Kia to challenge Maruti Suzuki Baleno, Hyundai Elite i20 with premium hatchback

South Korean firm Kia Motors Corp is developing a hatchback and a mid-size sedan to make its presence in the growing market. Kia Motors plans to start selling the two cars within a year of introducing its first product, a sport-utility vehicle, in India.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Kia to challenge Maruti Suzuki Baleno, Hyundai Elite i20 with premium hatchback
Kia Motors, which is owned about a third by Hyundai, has already discussed its plans to develop the two products—codenamed KP1 and KP2. Image source: Reuters
Written By: ZeeBiz WebTeam
Updated: Wed, Aug 22, 2018
01:07 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Hyundai, Kia AND Apple Inc - what is brewing between these companies for developing autonomous cars? See claims and counterclaims Hyundai, Kia AND Apple Inc - what is brewing between these companies for developing autonomous cars? See claims and counterclaims
Sold 1 lakh 'connected cars' in India, says Kia Motors Sold 1 lakh 'connected cars' in India, says Kia Motors
Hyundai, Kia agree to $210 million U.S. auto safety civil penalty Hyundai, Kia agree to $210 million U.S. auto safety civil penalty
Kia Motors launches Seltos anniversary edition at Rs 13.75 lakh Kia Motors launches Seltos anniversary edition at Rs 13.75 lakh
Kia Sonet launched in India today; price starts at Rs 6.71 lakh Kia Sonet launched in India today; price starts at Rs 6.71 lakh

In a bid to take on rivals Maruti Suzuki India Ltd and Hyundai Motor India Ltd, among others in the Indian auto market, South Korean firm Kia Motors Corp is developing a hatchback and a mid-size sedan to make its presence in the growing market. Kia Motors plans to start selling the two cars within a year of introducing its first product, a sport-utility vehicle, in India, said a Mint report, citing people with direct knowledge of the development.
 
Kia Motors, which is owned about a third by Hyundai, has already discussed its plans to develop the two products—codenamed KP1 and KP2— with its vendors in India after receiving an approval from its headquarters, said the report citing the people mentioned above.
 
“The hatchback that Kia is planning to bring into the Indian market will compete directly with Hyundai Elite i20 and Maruti Suzuki Baleno. This (strategy) makes sense since these are the segments that are doing well and will continue to attract customers in the future as well,” one of the persons told Mint.
 
He added, “In the midsize sedan segment also, the company will throw a challenge to the Maruti Suzuki Ciaz facelift and Hyundai Verna as the quality of the products will be good and the management of Kia both in India and Korea know the India market well enough.” 
 
Notably, the domestic passenger vehicle market comprises hatchbacks, sedans and compact SUVs, and the segment is reportedly dominated by Maruti Suzuki and Hyundai. SUVs have reportedly outpaced car sales growth in the past few years.
 
Watch this Zee Business video

With an initial capacity of 300,000 vehicles a year, the South Korean firm is building a factory in Anantapur district of Andhra Pradesh, and the factory is scheduled to open next year, the report added.

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.

TAGS:
Kia MotorsKia Motors' hatchbacks sedans
RELATED NEWS
Hyundai, Kia AND Apple Inc - what is brewing between these companies for developing autonomous cars? See claims and counterclaims Hyundai, Kia AND Apple Inc - what is brewing between these companies for developing autonomous cars? See claims and counterclaims
Sold 1 lakh 'connected cars' in India, says Kia Motors Sold 1 lakh 'connected cars' in India, says Kia Motors
Hyundai, Kia agree to $210 million U.S. auto safety civil penalty Hyundai, Kia agree to $210 million U.S. auto safety civil penalty
Kia Motors launches Seltos anniversary edition at Rs 13.75 lakh Kia Motors launches Seltos anniversary edition at Rs 13.75 lakh
Kia Sonet launched in India today; price starts at Rs 6.71 lakh Kia Sonet launched in India today; price starts at Rs 6.71 lakh

LATEST NEWS

India's Marvel! World's highest rail bridge arch on Chenab in Jammu and Kashmir nears completion, says Piyush Goyal

IMPLEMENTED NOW! Good news for government employees, PSU staff of this state - All details here

Ceasefire: Hotline contact! Modi government issues statement after discussion of India-Pakistan's DG Military Operations

PAN Aadhaar Link Online Last Date: This will happen if you don't do what Income Tax dept has said! Do now via SMS

Big gift for Tamil Nadu! PM Narendra Modi inaugurates these important projects - All details here

NSE glitch: Anil Singhvi demands investigation on market action between 3-3:30 pm; asks who caused huge jump in Bank Nifty and Nifty when FIIs were net sellers?

Bharti Airtel, Vodafone Idea, Reliance Jio: Market Share Focus to Delay Tariff Hikes highlights Jefferies

Stock Market Alert! Angel Broking makes it possible for Dalal Street investors to make money from Wall Street

CBSE class 10 Syllabus reduced in this subject: Attention students! CBSE board exam 2021 syllabus has been cut for social science subject; Know how to download

7th Pay Commission latest news: These government employees retirement age hiked in this state; check who all benefitted

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved