Kia India register a total sale of 16,331 vehicles in October 2021
Kia India registered a total sale of 16,331 units in October 2021 with the Kia Seltos leading the sales numbers.
The Seltos became Kia India's best-selling mid-SUV for the month once again, with 10,488 units sold, followed by the Sonet and Carnival with 5,443 and 400 units sold, respectively. Despite the continuing semiconductor scarcity, Kia India has maintained a consistent performance, led by Seltos sales.
Another significant success has been declared by Kia India. In CY21, Kia India exceeded the 1.50 lakh sales record. Kia sold 1,59,641 units in CY21 through October, compared to 1,07,657 units in the same time of 2020, a 48 percent increase year over year. However, it's worth noting that Kia's revenues were down 22.3 percent year over year in October 2021, which can mostly be ascribed to a semiconductor chip shortage.
Tae-Jin Park, MD and CEO, Kia India said, "The adverse supply chain situation has been an opportunity lost for us; however, our customers' and vendors' continuous support has enabled us to maintain a healthy performance throughout the year. As we foresee the issue to continue for the next few months, we assure our customers to keep optimizing our production to the maximum level and ensure delivery at the earliest. We are keeping a close eye on the situation and are ready to take the necessary steps as and when required."
The automobile industry, as well as many other industries throughout the world, has been dealing with a semiconductor shortage since the onset of the COVID-19 pandemic. Because of the large disparity between demand and availability for semiconductors, car delivery times have grown.
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