: Kia India crosses 5 lakh sales milestone within 3 years #FinanceIndia #StockMarketNEWS #Business Staff Reporter Panaji Kia India has surpassed the 5,00,000 domestic sales milestone in just under

@StockMarketNEWS Mon 25 Jul, 2022

Posted in: #FinanceIndia #StockMarketNEWS #Business

Kia India crosses 5 lakh sales milestone within 3 years #FinanceIndia #StockMarketNEWS #Business
Staff Reporter

Panaji

Kia India has surpassed the 5,00,000 domestic sales milestone in just under 3 operational years, making it the quickest to achieve the feat. If exports are included, its cumulative dispatches go up to 6,34,224 units from its Anantapur manufacturing facility. Backed by the strong performance of Carens, the company secured its last 1 lakh sales in just 4.5 months. With its performance in the Indian market, the company contributes more than 6% to the global sales of Kia Corporation.

Kia India’s flagship model for India, the Seltos, continues to lead overall sales. The model adds 59% to the total tally, followed by the Sonet with more than 32%. Climbing the chart rapidly, Carens contributed close to 6.5% to the company’s domestic sales in just 5 months of its launch. Seltos maintains its stronghold in the mid-SUV segment, contributing more than 40% to the vehicle sales in its category. While Sonet continues its healthy run in the compact SUV segment with a 15% share, Carens is rising with more than 18% contribution to its segment.

Myung-Sik Sohn, chief sales officer, Kia India, said, “In 3 years, we have not only established ourselves as the trend leading and inspiring brand but have also led the adoption of new technologies. I proudly say today that we have earned a space in the hearts of Indian consumers, and that’s our biggest achievement.???

“India remains a priority market, and 3 out of 5 product offerings in the country are not only manufactured locally but also exported to different global markets. Recently, we brought to life our vision of becoming a ‘sustainable mobility solutions provider’ brand in India with the launch of EV6 and installing the fastest passenger vehicle charger of 150kWh. India is a country with immense potential, and we aim to continue contributing to the growth of manufacturing in India by continuously bringing in world-class products and technologies,??? he said.