Asian Markets End Year on AI Optimism as Precious Metals and Currencies Shine 
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates 
Valero Makes First Venezuelan Crude Purchase Under New U.S.-Caracas Deal 
The American mass exodus to Canada amid Trump 2.0 has yet to materialize 
FAA Says It Is Not Blocking Boeing 737 MAX 7 and MAX 10 Certification 
Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that 
NTSB Opens Investigation Into Waymo Robotaxis After School Bus Safety Violations in Texas 
The pandemic is still disrupting young people’s careers 
Glastonbury is as popular than ever, but complaints about the lineup reveal its generational challenge 
Nintendo Stock Jumps as Switch 2 Becomes Best-Selling Console in the U.S. in 2025 
FCC Chairman Raises Competition Concerns Over Netflix–Warner Bros. Discovery Deal 
Debate over H-1B visas shines spotlight on US tech worker shortages 
Elon Musk Shares Bold Vision for AI, Robots, and Space at Davos 
Singapore GDP Growth Surges in 2025 but Outlook Remains Cautious Amid Global Trade Risks 
Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment 
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey 
Walmart to Cut PhonePe Stake in IPO as Tiger Global and Microsoft Exit 
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
