New entrants Kia & MG Motor grab 8.43% of growing Utility Vehicle segment

According to estimates, the UV segment is expected to touch 1.5 million units by 2023

The past year has been bleak for India’s automobile industry with carmakers voicing concerns over their future, jobs being hit, and dealers shutting shops. Two foreign manufacturers still decided to try their luck.

South Korea’s Kia Motors entered the country towards the end of the year in August with its sports utility vehicle (SUV) Seltos while British brand Morris Garages (MG) Motors started selling the Hector, another SUV, in June. 

And, their gamble paid off. According to the latest data from the Society of Indian Automobile Manufacturers (Siam), Kia captured 6.23 per cent of the utility vehicle (UV) segment in four months