In spite of being regarded as one of potentially the latest carmakers within the country, the gruesome response to Kia Seltos has helped Kia India consistently manufacture it to the third role on the month-to-month sales charts
Kia India has all over again made it to the third role of the month-to-month sales charts in March 2020. While it has actual two autos in its product portfolio, it has managed to outclass many older competitors like Honda and Toyota despite considerably premium positioning of both its units. While worthy of this success might well even be attributed to the sturdy ask for the Seltos, even the Carnival, which is a shapely expensive MPV, has been off to a first price delivery.
Alternatively, in spite making it to the third role, actual within the relief of Maruti Suzuki and Hyundai, Kia has suffered a large decline in its sales on MoM basis. In February, the company had offered 15,644 items. Alternatively, sales dropped to actual 8,583 items in March. This corresponds to a drop of 45.14%. Out of the total autos offered, 7,466 were of Seltos and 1,117 items were of Carnival.
Closing month, even Maruti Suzuki and Hyundai have skilled a large setback of their respective sales numbers. Maruti Suzuki India Ltd, the largest-promoting car maker in India, offered a total of 76,240 autos final month. It’s a ways a large 47% drop from 1,45,031 items offered in March 2019
On different hand, Hyundai Motor India Ltd, which has been the 2nd most smartly-liked carmaker within the country for a whole lot of years now, offered a total of 26,300 items in March 2020. In comparability, the carmaker had offered 44,350 autos in March 2019. It’s a ways a 41% drop on YoY basis.
Commenting on the drop in in sales, Kia India has said, “Owing to the global pandemic and countrywide lockdown, Kia Motors India had stopped its wholesale billings on March 16th 2020, warding off unnecessary unsold stock at its dealerships. Reckoning on the reserving numbers of Kia autos, the company is looking ahead to a obvious sentiment in merchants for Seltos and Carnival after the lockdown interval.”