Thursday, December 19, 2024

Kia India bets on new models for a robust 2025

Kia India anticipates robust sales growth in 2025, driven by economic recovery and new models like the Syros compact SUV. Despite a flat 2024, the company projects 300,000 unit sales next year, banking on India's expanding middle class and the rising preference for SUVs, particularly in the compact segment. However, potential EV tax hikes pose a concern for market growth.

from Auto-Industry-Economic Times https://ift.tt/DaztRhf

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Mahindra to buy nearly 59% stake in SML Isuzu for Rs 555 crore at deep discount

Mahindra & Mahindra (M&M) is set to acquire a 58.96% stake in SML Isuzu for ₹555 crore, aiming to bolster its presence in the commer...