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KIA PROFIT 2022
ET Prime Special Series: Multibagger or IBC - Part 62: This quiet auto ancillary now earns in 3 months what it once earned in a yearThe stock has multiplied many times over in just a few years, the order book has never been bigger, and the value packed into every vehicle...- How Beijing’s secret deals with Myanmar’s militants keep China ahead in the rare Earth raceChina maintains its lead in the rare earth market through its ties with Myanmar insurgents. Unregulated mining in Kachin state feeds global...
- From Samsung to BYD: Foreign companies and their tax tussles with IndiaForeign companies in India face significant tax disputes, including Samsung's $601 million penalty for tariff evasion, Volkswagen’s $1.4 bi...
- Kia contests $14 million India tax demand for wrongly using trade treaty exemptionsKia is challenging a $14 million Indian tax demand over claims it wrongly used free trade agreements for lower tariffs on electronic car pa...
- India accuses Kia of evading taxes of $155 million in Volkswagen-like disputeIndia has accused Kia of evading $155 million in taxes by misclassifying component imports for its Carnival minivan. Kia denies the allegat...
- Hertz will sell electric cars after being burned by Tesla's price cutsThe decision by Hertz to sell one-third of its electric vehicle fleet due to rapid depreciation has raised concerns about the viability of ...
- Vietnam's Vinfast committed to selling EVs to US despite challenges, intense competitionWorldwide, Vinfast sold just 19,562 EVs from April-September, well below its 2023 target of 50,000. But Vinfast is committed to riding the ...
- South Korean investments in Pakistan suffer losses due to eco crisisSenior officials from the Korea Trade-Investment Promotion Agency (Kotra) and the local chamber of Korean investors have alleged that the f...
- WeWork India leases K Raheja Corp’s entire 1-lakh-sq-ft office building in PuneThis is an asset-light deal and the property, Raheja Woods IT Tower, will provide desk-space of 1,500. The office building comprising five ...
- Honda Cars to discontinue production & sale of Jazz, WR-V, and 4th Gen City in IndiaThe company will stop producing Jazz after October 2022 while the crossover WR-V will not be produced beyond March 2023. The carmaker will ...
- At record high, can Scorpio-N launch give M&M stock any further legs?Nomura India said Scorpio-N appears to have been designed with a focus on customers rather than competing with any specific product. It sai...
- Kia Motors to increase production in India to 400,000 units by end of 2022: MDThe Seoul-headquartered company had said in an investors call earlier that backorder in India is increasing despite efforts to maximise pro...
- Kia Motors to roll out entry-level EV SUV for global market from IndiaThe proposed SUV is based on a flexible platform, allowing Kia to launch a mass market entry level petrol SUV besides the EV, they said. Wh...
- Kia expects India to produce about 10% of its global outputIncluding exports, Kia expects to produce 300,000-350,000 units this year, making it the quickest automaker in India to reach that annual m...
- The people’s car is now an SUV, and Maruti Suzuki wants inEarlier this week, Maruti faced a downgrade by CLSA, which lowered the carmaker’s stock to ‘sell’ from ‘underperform’, based on it consiste...
- The SUV is on a roll in India. Will it conquer the passenger vehicle market?SUVs are the darling of both manufacturers and customers. Apart from the potential for large volumes, SUVs are high on margins. Consumers a...
- Most global auto companies yet to crack Indian market codeThe ones who got their strategy right and helped shore up profits and sales are the South Korean carmakers - Hyundai and Kia, which made it...
- MG eyes breakeven in 2022, to launch mid-size SUV in OctoberMG Motor has already made a financial commitment or entered into a commercial agreement with 16 startups to deliver a modern car that appea...
- Mahindra to discontinue XUV500 after launch of XUV700 next yearExperts say it's more to do with alerting the potential customer that there is another model in the same segment to be launched soon." It's...
- Automakers pin demand hopes on festive season, govt interventionPassenger vehicle sales are making a slow but steady come back. But the market share positions of automakers are in a flux.
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