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We have a long-term perspective on the Indian market, said Park
The third-largest market in the world, India, has enormous potential, as we are all aware. In line with this, the corporation has set a goal of growing its market share in passenger vehicles from 7% to 10%.
Furthermore, Park admitted that the company’s present models are insufficient
for its market share objective, which is why he proposed introducing new ones. “In this order, three new models can be introduced by 2025, of which two will be EV models,” he declared. According to him, up to 20% of all sales in 2030 are likely to be electric vehicles.
By the year 2028, Kia India intends to boost both
manufacturing and the number of its sales centers, from 300 to more than 600. The updated Seltos, a well-liked vehicle from Kia, is intended to enhance the company’s sales. In the Indian market, Seltos was crucial in helping Kia gain the first traction. Even today, it still accounts for 55% of the company’s overall sales.
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This five-seater premium entry-level hatchback Car has
an ex-showroom pricing range of Rs 6.45 lakh to Rs 10.40 lakh. Two petrol engines and one diesel engine are available for the Tata Altroz. In addition to this, it now offers the option of CNG, and reservations are being taken for it.
The pricing for the CNG variant starts at Rs. 7.55 lakh (ex-showroom, Delhi)
making it the most inexpensive premium CNG hatchback. In comparison, the prices for the CNG versions of the Baleno, Glanza, and Grand i10 Nios Car start at Rs. 8.35 lakh, Rs. 8.50 lakh, and Rs. 7.58 lakh, respectively.
Its 1.2-litre petrol engine with naturally aspirated petrol produces
73.5 PS and 103 Nm while the same engine with CNG produces 86 PS and 113 Nm. Additionally, the 1.5L diesel engine produces 90PS/200Nm, while the 1.2L turbocharged petrol engine produces 110PS/140Nm.
Both a 5-speed manual and a 6-speed DCT automatic gearbox are available for the Car.
Dual front airbags, rear parking sensors, a speed alert system, seat belt reminders, ABS, EBD, and ISOFIX child seat mounts are among the safety features included with the hatchback. Global NCAP awarded the Altroz a 5-star safety rating in the crash test.
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Best Cars under 10 lakhs
- The price of the Maruti Suzuki Alto starts from Rs.3.99 lakhs.
- The price of the Hyundai Grand i10 Nios starts from Rs.5.73 lakhs.
- The price of Maruti Suzuki WagonR starts from Rs.5.54 lakhs.
- Tata Tiago’s price starts at Rs 5.54 lakh.
- The price of the Maruti Suzuki Swift starts from Rs.5.99 lakhs.
- The price of Tata Punch starts from Rs 5.99 lakhs.
- The price of the Maruti Suzuki Dzire starts from Rs.6.51 lakhs.
- The price of the Renault Triber starts from Rs.6.33 lakhs.
- The price of the Maruti Suzuki Baleno starts from Rs.6.61 lakhs.
- Mahindra Bolero Neo’s price starts at Rs.9.63 lakhs.
The Alto K10 is the list’s least expensive Car.
A 1.0-liter petrol engine that produces 67 PS and 89 Nm powers the Alto K10. It has technology for idle-engine start/stop. It comes with a 5-speed manual gearbox as standard and an AMT as an option. This engine produces 57PS and 82.1Nm while running on CNG. It only has a manual 5-speed gearbox. It provides up to 33.85 kilometers per gallon of CNG.
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It has been prepared by Polaris,
an American automaker. 203 HP is produced by the 2.0-liter, 4-cylinder engine that powers the Slingshot R. It features one rear wheel and two front wheels. In just 4.9 seconds, it can reach a speed of 100 kmph. It can go as fast as 201 kmph.
The motorcycle lacks doors
and a roof but has two seats and a steering wheel like a vehicle. Also, the business has positioned a plaque between the two seats with the explicit instruction that a helmet is required for use when driving. The bike also has a 37.1-liter gasoline tank, which makes it appropriate for lengthy trips.
The Polaris Slingshot R has a size and appearance similar to a sports car.
Keyless entry, a 7-inch Bluetooth display, USB phone connectivity, navigation, a display with Apple CarPlay, control buttons on the steering wheel, and a speaker system are just a few of the sophisticated features it possesses. The motorcycle comes in 5 different colors.
On the official website of the business,
the Polaris Slingshot R is listed at $33,999 plus a $799 logistics fee for local delivery. This bike costs about Rs. 1.5 crore and was imported into India from Dubai.
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Over the coming years
the South Korean company intends to spend the money on a variety of things, including EV infrastructure development and manufacturing. It presently only offers one battery-electric model for sale in the nation, but it intends to launch a locally-made product in 2025.
Kia has already made plans to introduce 14 battery-powered vehicles
“At first, there was discussion about whether to use Chinese or American technology, but in the end, India debuted 5G using its own homegrown technology. We have proven that India is capable of being independent. We have demonstrated that Indian scientists and business organizations are capable of rising to the challenge, Sarma added.
Hardeep Singh Brar, vice president & head of sales & marketing for Kia India
stated that the company’s manufacturing facility in Andhra Pradesh is prepared to begin producing EVs in an interview with PTI on the sidelines of the Auto Expo. This $2 billion would be used for manufacturing, infrastructure development, and research and development, he said. The South Korean automaker has invested over $1 billion in its manufacturing facility in the nation, and the projected investment will account for little under one-third of that total, he continued.
He responded to a question regarding the types of electric models
the business intended to release by saying, “We (Kia) have already announced globally that we will be investing USD 22 billion to come up with 14 battery electric vehicles, and obviously we will be looking at some of these products for the India market as well. He continued, “One of the EVs would undoubtedly target the mass market and be built from the ground up with the Indian market in mind. In 2025, it will be launched. So, there is one EV that is certain right now, and as I mentioned, we are evaluating more options from the portfolio that will be available globally by 2027.”
He said that the investment timetable will be consistent
with the company’s global investment plan, which runs until 2027. The company also declared its debut in the market for purpose-built vehicles (PPVs). Filling a gap for specialized institutions. A police cruiser and an ambulance based on the business’s model Carens were displayed. The company also produces models like Seltos and Sonet. According to Brar, “We feel there is a sizable demand for purpose-built cars. And we (Kia worldwide) want to be global leaders in this specific area by 2030.
On Wednesday, the company also showcased two concepts for electric SUVs:
the Kia Concept EV9 and Kia KA4. “Our electrification journey in India began with the introduction of the EV6. And with the concept EV9, we are now showcasing our future vision. We wish to demonstrate our strength in the well-liked UV market with KA4, “. Tae-Jin Park, managing director and CEO of Kia India, stated. He continued, “With the PBVs, the company has successfully identified a gap. In the Indian market and is providing innovative mobility solutions for specialized institutions.”
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