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Hyundai Motor, which recently decided to sell its Russian plant due to the impact of the Russia-Ukraine war, is demonstrating successful market diversification into India and Southeast Asia, winning the India Car of the Year 2024 award, the company said Sunday.
Pakistan's automotive industry continues to face challenges as passenger vehicle sales decline for the second consecutive month. In November, only 4,875 units were sold, marking a significant drop of 68% compared to the same period last year. Factors such as increasing input costs, reduced demand, and high taxes contribute to the decline. In contrast, Indian car manufacturers achieved remarkable success, selling over 3.6 lakh units in November alone.
Before 1983, India had already been manufacturing cars for several years, and the idea of a more affordable "people's car" had been discussed since the 1950s. The government, however, initiated the search for a small car manufacturer almost after a decade, with Maruti, the fledgling company of then Prime Minister Indira Gandhis son Sanjay, standing out among the 18 applicants.
Kia Carens X-Line Launched in India at Rs 18.94 Lakh Price, Specs and Features Petrol 7DT and Diesel 6AT, both configured for six passengers, and priced
Kia Carens X Line will be offered only in two variants.