Kia Motors to hike costs of Seltos from January 1, Auto Information, Automobilnews
New Delhi: The South Korean carmaker Kia Motors which made its debut in India with SUV Seltos goes to hike the costs of all its variants from January 1, 2020, the corporate communicated to its sellers in a doc accessed by ETAuto. Kia Seltos was launched within the Indian market within the month of August at a value vary of Rs 9.69 lakh to Rs 15.99 lakh. As per the doc, the SUV was launched at an introductory restricted interval value which shall be continued until December 31, 2019, within the wake of excessive buyer demand.
Within the letter to its seller principals, the corporate knowledgeable that they are going to be taking an upward value correction from 1st January 2020. The anticipated enhance shall be substantial and relevant to all variants of Seltos.
Kia Motors has acquired 86,840 bookings for Seltos until date. With only one providing, the corporate has managed to interrupt into the High 10 PVs bought, rising because the fourth largest automaker promoting 14,005 models in November 2019.The nation’s largest carmaker Maruti Suzuki India on Tuesday additionally mentioned it’s going to hike costs of its autos from January to offset rising enter prices. Different automobile producers similar to Toyota, Mahindra & Mahindra and Mercedes-Benz are additionally considering an identical transfer.