The company, which is a joint venture between Japan’s Toyota Motor Company and Kirloskar Group, sells a range of vehicles including Innova Crysta and Fortuner in the domestic market.
Government sources said that they were also looking at including electric bicycles under the capital subsidy scheme seeing its growing popularity and the need to bring down its cost for customers.
The Japanese two-wheeler maker also introduced an updated version of 155 cc bike YZF-R15 with a price starting at Rs 1.67 lakh.
The firm announced in July that its electric scooter had received a record-breaking 100,000 reservations within the first 24 hours, making it the most pre-booked scooter in the world.
The price hike has been necessitated to offset the impact of steadily increasing commodity prices, the company said in a statement.
Introduced in September 2020, Sonet has contributed almost 17 per cent to the segment and 32 per cent to the company’s overall sales.
According to the industry on the 10th, KIA India will expand its lineup starting with the release of ‘Seltos X Line’ in the early of this month. Seltos X Line is the new model that emphasizes its sporty body design.
Despite the uneven spread of monsoon in its strong markets of the north and east parts of the country, the company is confident that it will be able to continue its growth momentum.
At a time when Asian car makers have captured the market in the US, it was nothing but natural for the American automobile companies — General Motors and now Ford — to sputter and stop in India if they get their basics wrong.
The Ciaz is powered by a 1.5-liter petrol engine and is equipped with Suzuki’s ‘Smart Hybrid’ technology that enhances fuel efficiency.
Total domestic sales were at 1,10,080 units, as compared to 1,16,704 units in the same month last year, down 6 per cent, it added.
SMG Gujarat, which supplies vehicles exclusively to MSI, has an additional installed production capacity of 7.5 lakh units per annum.
Kia released a teaser for the new Sportage GT line on August 26. The New Sportage: European-spec has reportedly slightly smaller body size than the US model.
The MSIL circulated communications of warning and threats of imposing high penalties in case dealers offered extra discounts without prior approval, the CCI order said.
The feat was achieved on August 9, coinciding with the company’s 10th anniversary.
The company also said that the XUV700 model will be available in gasoline as well as all aluminium diesel engines with new generation six-speed manual and automatic transmission options.
Accordingly, in a report, Grant Thornton Bharat said that the policy is likely to affect major changes in the Indian automotive industry.
Showcased at the event held at Pragati Maidan in New Delhi over the weekend, the scooter can clock a speed of 25 kms per hour.
Some of these products aren’t new, as a few gadgets have been made available in China for a while now. But most of them are new to Europe, reports GSMArena.