Kia Corporation has announced its business results for Q1 2021.The company reported a 13.8 percent year-on-year growth in quarterly revenue to KRW 16.58 trillion.

During the January to March period, Kia sold 689,990 units across global markets, a 6.4 percent increase compared to Q1 2020. Sales in Korea rose by 11.4 percent to 130,075 units, with strong sales of the company’s newer models, including the Sorento and Carnival, behind the increase.

Sales outside of Korea also saw a 5.3 percent increase, rising to 559,915 units, alongside significant growth in India. The Kia Sonet alone sold over 25,000 units in India during the first three months, contributing to a 38.3 percent year-on-year increase in Indian sales.

Revenue

* Net profit includes non-controlling interest * Tentative under K-IFRS

The company’s first-quarter operating profit more than doubled from a year earlier to KRW 1.08 trillion, with an operating profit margin of 6.5 percent. The company’s net profit also significantly increased to KRW 1.04 trillion, up 289.2 percent during the same period.

The strong performance was supported by Kia’s enhanced global product variety as well as the success of the brand’s RV models, including Telluride, Seltos, and Sorento SUVs along with the Carnival minivan. Sales of Kia’s RV models accounted for 59.7 percent of the total sales volume, the highest ever RV share and a 6.4 percentage points increase from the same period last year.

For 2021, Kia is aiming for global sales of 2.92 million units, a 12.1 percent increase compared to 2020 global sales volumes. The company is targeting domestic sales of 535,000 units and 2.39 million units for sales outside of Korea. Kia expects automobile demand to improve alongside the ongoing economic recovery from the global pandemic, but the situation is still uncertain.

In terms of chip supply issues, the company will flexibly adjust its production plans in line with supply status and preventively secure its component inventory while looking out for alternative semiconductor parts to minimise the impact on its production.

Kia will also continue to focus on implementing its mid to long-term business strategy ‘Plan S’ as well as improving sales momentum and profitability through new models, including their new K8 sedan and the company’s first dedicated electric vehicle, EV6. (MT)

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Stellantis-owned Citroen India has announced the launch of its ‘Citroen 2.0 – Shift Into the New’ strategy, aimed at strengthening its position as an accessible mobility brand in the country. The plan focuses on enhanced customer satisfaction, product innovation and a significant expansion of its network across India.

The initiative includes upgrades to the C3, Aircross and Basalt Coupe SUV, with improvements in design, in-cabin technology and comfort. Developed on the global C-Cubed platform with up to 98 percent localisation, the refreshed portfolio is tailored to Indian driving conditions.

Shailesh Hazela, CEO & MD, Stellantis India, said, “India represents one of the most exciting and demanding opportunities for Stellantis globally and our Citroen 2.0 – Shift Into the New strategic plan is a decisive step forward in our commitment to India. We’re aligning closer than ever with Indian customers through locally engineered products, deeper network reach, and a relentless focus on quality and customer centricity. This is not about quick wins – it’s about sustainable growth, built on trust and long-term value. With high localisation, strong after-sales systems, newer ways of customer engagement and a sharp understanding of evolving expectations, we’re here to grow with India and for India.”

Since entering the market in 2021 with 10 showrooms, Citroen has grown to over 80 customer touchpoints, with plans to double the number by the end of this year. The expansion will prioritise Tier II, III and IV markets, supported by a digital service model offering transparent pricing and real-time tracking.

The company has invested over INR 53 billion in manufacturing, product platforms and localisation, with further investments planned in EVs, ICE platforms and supply chain localisation. The strategic plan will be introduced with a teaser featuring cricket legend MS Dhoni as brand ambassador.

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South Korean auto major Hyundai Motor Company and American automaker General Motors have joined forces to develop five new vehicles, including four for Central and South America and one for the North American market. The partnership aims to leverage the companies' combined scale to bring new models to customers faster and at a lower cost.

The collaboration will produce a compact SUV, car, and two different pickup trucks for Central and South American markets. These vehicles will be flexible, offering both traditional internal combustion engines and hybrid options. For North America, the companies will co-develop an electric commercial van.

The new vehicles are slated to launch starting in 2028. GM will take the lead on developing the mid-size truck platform, while Hyundai will spearhead the compact vehicle and electric van projects. While the vehicles will share platforms, each company will design unique interiors and exteriors to reflect its own brand.

This strategic collaboration is expected to produce more than 800,000 vehicles annually once production is fully scaled. The companies also plan to explore joint sourcing for materials and logistics, and are committed to sustainable manufacturing, including the use of low-carbon emissions steel.

Jose Munoz, President and CEO, Hyundai Motor Company, said, “Hyundai’s strategic collaboration with GM will help us continue to deliver value and choice to our customers across multiple vehicle segments and markets. Our combined scale in North and South America helps us to more efficiently provide our customers more of what they want – beautifully designed, high-quality, safety focused vehicles with technology they appreciate.”

Shilpan Amin, GM's Senior Vice-President and Global Chief Procurement and Supply Chain Officer, said, “By partnering together, GM and Hyundai will bring more choice to our customers faster, and at lower cost. These first co-developed vehicles clearly demonstrate how GM and Hyundai will leverage our complementary strengths and combined scale.”

The partnership, which was announced in September 2024, is still exploring other potential joint ventures, including collaboration on additional vehicle programs and propulsion systems like hydrogen fuel cell technology.

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CUPRA has introduced new Shadow Edition variants for its Leon and Leon Estate models in the UK, featuring bold dark styling accents that amplify the brand's sporty aesthetic. Based on the V3 trim, these editions come equipped with premium features such as leather upholstery, advanced driver aids and Dynamic Chassis Control.

The exterior showcases 19-inch matte black alloy wheels, black side skirts and a sleek roof spoiler, complemented by advanced CUPRA Matrix LED ULTRA headlights for superior nighttime visibility. Buyers can opt for the IMMERSIVE by Sennheiser sound system, which includes a 10-speaker setup with a subwoofer for an enhanced audio experience.

Additional upgrades like a panoramic sunroof, towbar, and various paint options are also available. Starting at GBP 36,770, the Shadow Edition is now open for orders in the UK.

Marcus Gossen, Managing Director of SEAT and CUPRA UK, said, “The launch of the Shadow Edition in the UK is a big step forward in the design journey of the CUPRA Leon. The Leon is the flagship hatchback of the brand and remains a disruptor and a style-leading icon in the market. The new features of the Shadow Edition combine striking design and leading technology to ensure that the Leon continues to be a popular choice for drivers.”

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Jaguar Land Rover has announced a new addition to its high-performance SUV lineup, the Range Rover Sport SV Carbon. The new model, which will debut on 13 August at Monterey Car Week, joins the existing Range Rover Sport SV and SV Black models, offering an even stronger focus on lightweight materials and performance aesthetics.

The Range Rover Sport SV Carbon features extensive use of carbon fibre, including a standard Forged Carbon Exterior Pack with detailing around the Active Quad Exhausts. Customers can also opt for a Twill Carbon finish and an exposed carbon fibre bonnet. The vehicle sits on lightweight 23-inch forged alloy wheels, with optional ultra-lightweight 23-inch Carbon Fibre Wheels also available. For stopping power, customers can choose optional Carbon Ceramic Brakes with a variety of calliper colour choices.

Inside, the carbon fibre theme continues with Forged Carbon detailing on the seatbacks and dashboard. The interior offers a choice of four colour themes in either perforated Windsor Leather or a leather-free Ultrafabrics material. Extended Moonlight Chrome detailing and illuminated SV treadplates complete the interior design.

Under the hood, the SV Carbon features a carbon fibre engine cover over a 4.4-liter Twin Turbo V8 mild hybrid petrol engine. The engine produces 635 horsepower and 750Nm of torque, allowing the SUV to reach a top speed of 180 mph (290 kmph). The vehicle also includes advanced features like the 6D Dynamics Suspension and Body and Soul Seat (BASS) technology, which provides a multi-dimensional audio experience.

Ryan Miller, Product and Services Marketing Director for Range Rover, said, "Following the introduction of the previously limited Range Rover Sport SV Edition ONE and Edition TWO, clients now have more choice when it comes to specifying their ultimate luxury performance SUV. Last month we announced the Range Rover Sport SV Black, offering a stealthy, dipped-in-black aesthetic, while the new Range Rover Sport SV Carbon is an assertive interpretation of our luxury performance SUV. Offered alongside Range Rover Sport SV and SV Black, it completes the new line-up showcasing the best of Range Rover’s sophisticated carbon fibre materials, for the ultimate expression of lightweight performance."

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