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Seltos rolls out of Kia Motors’ India plant

Since the commencement of pre-booking on July 16, Kia Seltos has already gathered 23,311 bookings.

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Kia Motors Indian Plant

Amaravati, Aug 8 (IANS) Seltos, the first car manufactured for India by South Korean auto major Kia Motors, rolled out of its plant in Andhra Pradesh’s Anantapur district on Thursday.

The world’s eighth largest automaker rolled out the production version of the sports utility vehicle (SUV), which will be launched on August 22.

The company announced the commencement of mass production of Seltos after testing the vehicle over 20 lakh km in different climatic conditions and some of the most challenging terrains in India.

The first Kia Seltos was rolled off the assembly line by South Korea’s ambassador to India, Shin Bong-kil, and Managing Director and Chief Executive Officer (CEO) at Kia Motors India, Kookhyun Shim.

“The roll-out of the first Seltos is an emotional moment for all of us, especially for the people at the plant as we worked together relentlessly to build the future of Kia Motors in India. The invaluable contribution made by the government of Andhra Pradesh has enabled us to achieve our target of manufacturing the Seltos in record time. The first Seltos is the symbol of our promise and commitment to the Indian market,” said Kookhyun Shim.

“The Seltos will be BS-VI compliant right from its launch. It will be available in a highly efficient, brand new smart stream engine that will come in three variants: 1.5 Petrol, 1.5 Diesel and first in segment 1.4 Turbo Petrol, offering the perfect balance of performance and efficiency,” the company said.

The Seltos will be launched on August 22 and bookings are being accepted across all Kia dealerships along with the Kia official website.

Since the commencement of pre-booking on July 16, Kia Seltos has already gathered 23,311 bookings.

The Seltos is available for test drives across all Kia dealerships.

Kia’s manufacturing facility in Anantapur is spread over 536 acres and has an annual capacity of 300,000 vehicles. The plant will also be capable of producing hybrid and electric vehicles.

The plant in Anantapur is equipped with the most advanced global technologies such as robotics and artificial intelligence and is remarkably environment-friendly with capabilities like 100 per cent water recycling within the plant, the company said.

The plant also houses a five-acre training facility offering basic technical course (BTC) in automobiles for skill development to provide all skills necessary for an entry-level job on the factory floor.

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Auto component industry’s turnover falls over 10% in H1

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Auto sector slowdown

New Delhi, Dec 6 : The slump in vehicle sales adversely impacted the financial performance of India’s auto component manufacturing industry during the period between April and September 2019, industry data showed on Friday.

According to data furnished by the Automotive Component Manufacturers Association of India, the industry turnover during the period under review declined by 10.1 per cent to Rs 1.79 lakh crore ($26.2 billion) over the first half of the previous year.

The industry body cited factors such as subdued vehicle demand, recent investments made for transition from BSIV to BSVI emission norms, liquidity crunch, lack of clarity on policy for electrification of vehicles among others, that adversely impacted the expansion plans of the sector.

However, auto components’ exports grew by 2.7 per cent to Rs 51,397 crore ($7.5 billion) in H1 2019-20 from Rs 50,034 crore ($7.3 billion) in H1 2018-19.

“Europe accounted for 32 per cent of exports followed by North America and Asia, with 30 per cent and 26 per cent respectively,” the association said.

“The key export items included drive transmission and steering, engine components, body or chasis, suspension and braking etc.”

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Maruti Suzuki to raise vehicle prices from Jan 2020

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Maruti Suzuki

New Delhi, Dec 3 : Automobile major Maruti Suzuki will increase vehicle prices from January 2020.

According to the company, the price increase is necessitated on account of increase in input cost.

Besides, the auto major said the “price increase shall vary for different models”.

“Over the past year, the cost of the company’s vehicles has been impacted adversely due to increase in various input costs,” it said in a regulatory filing.

“Hence, it has become imperative for the Company to pass on some impact of the above additional cost to customers through a price increase across various models in January 2020.”

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Inventory adjustment, slowdown dent two-wheeler Nov sales

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100cc motorcycle TVS Sport

Mumbai, Dec 3 : Inventory adjustment along with economic slowdown continued to decelerate two-wheeler segment sales in November on a year-on-year basis.

Accordingly, two-wheeler major Hero MotoCorp sold 516,775 units of scooters and motorcycles in November from 610,252 units sold during the corresponding period of last year.

“Hero MotoCorp has scaled up the production of its BS-VI vehicles, while discontinuing the production of several BS-IV models in an effort to migrate completely to the new emission era,” the company said in a statement.

“The company has stopped production of more than 50 variants of its BS-IV range of products while rapidly increasing the production of BS-VI vehicles.”

Another, two-wheeler major Honda Motorcycle & Scooter India’s total sales in November 2019 stood at 396,366 units, down from 418,367 units sold during the corresponding month of the previous year.

Two-and-three wheeler manufacturer, TVS Motor Company registered sales of 266,582 units in November 2019 as against sales of 319,965 units in the corresponding month of last year.

“Shifting of Diwali season to the earlier month and planned adjustment of BS IV stocks is reflecting in the sales growth difference between November 2018 and November 2019,” TVS Motor said in a statement.

On the other hand, Suzuki Motorcycle India reported a rise in its domestic sale to 60,855 units during the month under review from 53,058 units sold in November 2018.

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