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Mexico (1) Sales grow fourth consecutive year in 2024, but growth slows
ss sedan, was also released. The second and third best-selling models, the entry-level subcompact sedan Hyundai Grand i10 and the C-class SUV Hyundai Creta, are imported vehicles produced in India, and both saw significant sales growth in 2024. Following these, Kia's C-class SUVs, the Seltos and Sonet, began to be imported from China in 2024. Imported vehicles account for approximately 60% of domestic Mexican sales, with the main countries of ...
Market & Tech Reports Updated at: 2025/04/30
Hyundai and Kia: Expanding HEV/EV models, strengthening US business
hallenges in 2024. In India, the group's production remained down (-2% YoY) as both Kia and Hyundai reported declines of 2% YoY. Kia, however, improved its Indian production performance after experiencing a double-digit fall in output of 22% YoY in Q2 2024, supported by strong production of the Kia Sonet (+29% YoY) and Kia Carens (+18% YoY). The group's production in China abruptly lost momentum (-5% YoY) as Kia could not maintain surging trip...
Market & Tech Reports Updated at: 2025/04/07
Bharat Mobility Global Expo 2025: BEVs in India
WLTP range on a full charge. Kia India unveiled the all-new 2025 Kia EV6 facelift at the Bharat Mobility Global Expo 2025. It also presented the all-new Syros model, the all-electric EV9, Carnival Hi Limousine, and its existing Indian product lineup, which includes the Carens, Seltos, and Sonet, along with their X-Line variants. 2025 Kia EV6 EV6 The refreshed EV6 features a powerful 84-kWh battery, providing an impressive...
Market & Tech Reports Updated at: 2025/02/13
Chinese Market H1 2024: New Vehicle Sales Exceed 14M Units, NEVs 4.9M
e to 164,000 units. Sales are strong for the Territory and Nautilus, which are also exported. The Hyundai Group's passenger car sales in the first half of 2024 increased 15.2% y/y to 209,000 units. The Kia brand did relatively well, increasing 73.1% y/y to 110,000 units. Sales of the global model Sonet, which went on sale in April 2024, reached 21,000 units in the first half of the year. Passenger car sales volumes and market shares by Chines...
Market & Tech Reports Updated at: 2024/08/20
Korean Market and OEM Activities: Slowdown in EV Demand, Expanding HV lineup
l production capacity will be expanded to 250,000 units by 2030 when the construction of the plant is completed. Kia China 750 166 Jiangsu Yueda Kia Motors Co., Ltd. (former Dongfeng Yueda Kia Motor)’s plant manufactures the Yipao, Pegas, Carnival, Forte, Sportage, K5, K3, KX3, and EV5. EV6 and Sonet (2024-planned). Export of the Sonet, K5, and Sportage began in 2024. Export destinations will be expanded from current 50 countries to over 80 c...
Market & Tech Reports Updated at: 2024/07/25
Bharat Mobility Global Expo 2024 (1) EVs and Passenger Vehicles in India
l Hydride) battery. Additionally, Lexus also presented the Lexus UX 300e, an all-electric luxury crossover at the Expo. It has a range of 400 kilometers, 150 kW power and 300 Nm torque. At the Expo, Kia Motors exhibited its product range including the luxury electric model EV6, Seltos SUV, Sonet, and Carens, along with the X-Line variants of Kia Sonet, Seltos, and Carens. Kia Motors also showcased specialized versions of the Carens, i...
Market & Tech Reports Updated at: 2024/03/08
Indian OEMs Investment and Future Plans (1)
nge of 631 km per full charge (As per ARAI). Hyundai Exter Hyundai Ioniq 5 at Auto Expo 2023 India Kia Motors is one of the younger players in the Indian Automobile Industry. This Hyundai group company operates a plant in Anantapur Andhra Pradesh and produces SUVs and MPVs like Seltos, Sonet, and Carens. The company also sells EV6 electric car in the Indian market. Investment, future plans and upcoming models KIA EV9 Concept...
Market & Tech Reports Updated at: 2023/12/28
Korean Market and Brands: Public and Private Sectors Building EV/Battery Production Capacity
EV9 (2024-planned) Mexico 400 (3 shifts) 265 Manufactures the Forte (Cerato/K3), Rio, and Hyundai Accent. Kia plans to launch the new Rio in Q4 2023. It will invest USD 408 million by 2024 to build five new facilities and employ 800 new workers. India 373 343 Manufactures the Seltos, Carnival, Sonet, and Carens. Kia plans to produce a compact EV model for emerging countries from 2025. In January 2023, Kia announced plans to invest INR 20 bil...
Market & Tech Reports Updated at: 2023/07/05
Indian Auto Expo 2023 (1): EVs and Passenger Vehicles
Kia unveiled its all-electric SUV concept - the Kia Concept EV9, and the Kia KA4, a luxury RV at the event. A separate exhibition zone also exhibited Kia's futuristic connected car technologies, such as Kia Connect and EV6 charging stations. Kia also displayed its existing products, the Seltos, Sonet, Carens, and the electric vehicle EV6 at the event. Kia also announced its entry into the “Purpose Built Vehicles” (PBV) segment with the...
Market & Tech Reports Updated at: 2023/02/06
Indian Market Sentiment Improves in 2021
2% Sedan (Midsize/Executive/Premium) (4250mm-5000mm) 2.9% 2.9% Compact SUV 17.4% 23.6% UV+MPV 19.4% 22.6% Vans 4.3% 3.9% (Source: MarkLines Data Center) The compact SUV segment has witnessed solid growth due to the market introduction new model launches such as the Nissan Magnite, Kia Sonet, Hyundai Venue, Tata Nexon, Renault Kiger, etc. in recent years. The Compact SUV segment reported a market share of 23.6%, reflecting strong gro...
Market & Tech Reports Updated at: 2022/07/15
Korean market and domestic brand trends: Semiconductor shortages reducing production and sales
nufactures the Ceed, ProCeed, Sportage, Xceed, and Ceed Sportswagon. U.S. 340 255 Manufactures the Sorento, K5 (Optima), Telluride, and Hyundai Santa Fe. Mexico 400 (3 shifts) 220 Manufactures the Forte (Cerato/K3), Rio, and Hyundai Accent. India 300 228 Manufactures the Seltos, Carnival, and Sonet. Kia plans to start the production and sales of the Carens, an all-new 3-row 7-seat crossover SUV, in the first quarter of 2022. Hyundai Motor...
Market & Tech Reports Updated at: 2022/03/01
India: Automotive sales impacted by Covid-19
cars. Here are the segment type sales of passenger cars in India in 2020. Segment Market share Mini 10.7% Compact 45.4% Compact SUV 20.9% Utility vehicles 15.9% Vans 4.3% Others 2.8% (Source: MarkLines Data Center) Tata Altroz premium hatchback (Source: Tata Motors) Kia Sonet compact SUV (Source: Kia) New Model Launches Below are the major product launches by Indian OEMs in 2020. The year witnessed the launch...
Market & Tech Reports Updated at: 2021/03/15
CASE Development in India (Part 2): Mobility
EM Technology Models Hyundai BlueLink Venue, Creata, Aura, Tucson, Creta Tata Motors iRA (Intelligent Real-Time Assist) Nexon and Nexon EV Ford FordPass EcoSport, Figo, Aspire, Endeavour, freestyle MG Motor iSMART Hector, Hector Plus, ZS EV, Gloster Kia Motor UVO connect Seltos, Carnival, Sonet Honda Honda Connect City Mahindra BlueSense XUV500, XUV300 Nissan NissanConnect Kicks Jeep Uconnect Compass Maruti Suzuki Suzuki Conne...
Market & Tech Reports Updated at: 2021/02/10
Korean market and trends of domestic brands: Tax breaks boosting domestic sales
elluride, and Hyundai Santa Fe. Mexico 400 (3 shifts) 273 Manufactures the Forte (Cerato/K3), Rio, and Hyundai Accent. Kia Motors resumed production with one shift from June 2020. India 300 55 Manufactures the Seltos and Carnival. Kia Motors plans to start the manufacturing and sales of the new Sonet compact SUV in the fall of 2020. This USD 1.1 billion plant went on stream in August 2019. Hyundai Motor Group’s total annual production cap...
Market & Tech Reports Updated at: 2020/11/12
Hyundai Motor Group: increasing electrified vehicle lineup with 44 models in 2025
to expand its model lineup for SUVs. It entered a new segment for SUVs by introducing the Venue subcompact SUV. In 2020, Kia plans to launch the new Sorento flagship SUV in Korea, Europe and the U.S. In the Indian market where Kia entered in 2019, it will introduce the new Carnival MPV and the new Sonet compact SUV. Regarding expansion of production facilities, Kia established a new plant with an annual production capacity of 300,000 units in...
Market & Tech Reports Updated at: 2020/06/22
Indian Auto Expo 2020: GWM and Haima announce new entry into Indian market
market, Haval Concept H and Vision 2025 Haima Automobile: Debuted in Indian market with SUV models "8S" and "7X" Maruti Suzuki: Unveiled Futuro-e electric coupe-like concept Hyundai India: KONA Electric and NEXO FCEV, the first connected models in India VENUE and new ELANTRA Kia Motors: Unveiled Sonet future global compact SUV MG Motor: Marvel X - Level-3 Intelligent Driving "Auto Expo 2020" India Expo Mart entrance Auto Expo, whic...
Market & Tech Reports Updated at: 2020/02/20
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