Glastonbury is as popular than ever, but complaints about the lineup reveal its generational challenge 
Booked to travel through the Middle East? Here’s why you shouldn’t cancel your flight 
Oil Prices Dip as Middle East Peace Hopes Grow Amid Iran-U.S. Talks 
IMF Warns Middle East War to Deepen Economic Divide Across Latin America and Caribbean 
Locked up then locked out: how NZ’s bank rules make life for ex-prisoners even harder 
Asian Currencies Hold Steady Amid Iran Peace Talks and BOJ Rate Hike Uncertainty 
How Technology Is Reshaping Modern Business: From Operations to Customer Experience 
NiSource Signs Long-Term Energy Deals with Alphabet and Amazon to Power Indiana Data Centers 
Dollar Retreats as Strait of Hormuz Reopens, Easing Safe-Haven Demand 
Why have so few atrocities ever been recognised as genocide? 
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey 
Heritage, desire and diplomacy: why China still values scotch whisky 
The pandemic is still disrupting young people’s careers 
U.S. and Philippines to Build 4,000-Acre Tech Hub Under Pax Silica Initiative 
Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that 
KKR's $820M Investment Fuels Samsung SDS AI Expansion, Sending Group Shares Soaring 
Hyundai Motor Group, including Hyundai Motor Co. and sister company Kia Corp., projects to surpass 9 million cumulative vehicle sales in India by Q4, 2023. The milestone achievement comes as the two companies hold a significant 21.3% joint market share in the world's third-largest auto market. This remarkable success, 25 years after the Santro's introduction, has been catalyzed by tailored models and the soaring popularity of SUVs like the Seltos.
If this positive trend persists, Hyundai and Kia's combined sales in India are expected to exceed 9 million units by the fourth quarter of this year. Hyundai entered the Indian market in 1998 and has been producing the Santro at its plant in Chennai. Kia, on the other hand, commenced operations in the country in 2019 after establishing its Anantapur plant in the central region.
In the first half of this year, Hyundai and Kia held a joint market share of 21.3 percent in the Indian market, consolidating their position. With India's population of 1.4 billion, it ranks as the world's third-largest automobile market, following China and the United States.
It was recently reported that Kia Corp. had exceeded 1 million units of cumulative vehicle production in India, driven by increased sales of customized models. The company began manufacturing vehicles at its Indian plant in July 2019, starting with the Seltos subcompact SUV. Other models assembled in India include the Sonet SUV, Carens multipurpose vehicle, and Carnival van.
In the January-June period, Kia reported selling 136,108 vehicles in India, reflecting a 12 percent growth compared to the same period last year. With aspirations to achieve a market share of 10 percent in the Indian passenger vehicle market, up from the current 6.7 percent, Kia continues to expand its presence in India.
Kia has a total of eight Korean plants and seven overseas plants, with an overall annual capacity of 3.84 million units. These include plants in Gwangmyeong, Hwaseong, Gwangju (Korea), China, the United States, Slovakia, Mexico, and India.
Photo: Duncan Winslow/Unsplash
