
Kia India H1 2025 Sales Rise 12.7 Percent To Over 1.4 Lakh Units
The South Korean manufacturer also claims that the recently launched Kia Carens Clavis has been receiving a good response from consumers. The MPV was launched in the Indian market at a starting price of Rs 11.50 lakh (ex-showroom), joining the Sonet, Syros, Seltos, Carens, EV6, and others in the brand's lineup.
Also Read: Tata Motors' PV Sales Suffer 15 Percent Drop In June'25; CV Down By 5 Percent
Commenting on the brand's sustained performance, Joonsu Cho, Chief Sales Officer, Kia India said, "The first half of 2025 has been encouraging for Kia India. Marked by steady growth despite industry-wide operational challenges, the response to our recently launched products, like the Carens Clavis has been great."
"With our first Made-in-India EV launching this month, we are diversifying our product portfolio fortifying our long-term commitment to the evolving preferences of Indian customers. We are confident this launch will further increase our presence in the country's fast-transforming mobility landscape. Going forward, we remain optimistic about sustaining a healthy growth trajectory in the second half of the year," he added.
Meanwhile, Kia India is preparing to launch the Carens Clavis EV in the Indian market on July 15. This will be the electric powertrain version of the MPV recently launched. It will feature a design very similar to its ICE cousin. Once launched, it will be the first seven-seater electric car in the Indian market.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New Indian Express
29 minutes ago
- New Indian Express
The worrying rise of personal, credit card and gold loans in India
Indian households are running into debt like never before. Alarmingly, household debt as a percentage of GDP has doubled in the past one decade. According to the RBI's latest Financial Stability Report released Monday, the household debt-to-GDP ratio stood at 41.9% (at current market prices) as on December 2024, as against 26% in June 2015. The good news, though, is that the debt burden has reduced from 42.9% in June 2024 to 41.9% as of December 2024. Moreover, Indian households' debt-to-GDP ratio is relatively low compared to other emerging market economies, which stood at 46.6%. But what's more concerning is the fact that households are loading up on destructive debt such as personal, credit card and gold loans, than constructive credit, which includes housing loans. On last count, non-housing retail loans—mostly used for consumption—accounted for a lion's share of 54.9% of total household debt as on March 2025 and 25.7% of disposable income as on March 2024. In other words, about Rs 55 out of every Rs 100 that banks and financial institutions are lending to individuals is going towards credit cards, consumer durable loans and all other personal loans, which have steep interest rates. Still, the share of these loans has been growing consistently over the years, and their growth has outpaced that of both housing loans and agriculture and business loans, according to RBI. Broadly, retail loans can be divided into three major categories—non-housing retail loans, housing loans and credit extended to individuals in their personal capacity, but utilised for either personal or business purposes. As on December 2024, if housing loans comprised 29% of total household debt, non-housing retail loans and agriculture and business loans accounted for the rest at 54.9% and 16.1%, respectively. Analysts also warn against the explosion of the riskiest slice of the credit market comprising sub-prime and near-prime personal loans, particularly amid rising living costs, stagnant wages and inflation. While non-housing retail loans are seeing an unprecedented increase in the recent past, the component of housing loans to overall household debt, on the other hand, has reduced from about 36%-37% in FY19 to 29% as on December 2024. Perhaps driven by the rush of non-housing retail loans, consumer segment loans grew at a CAGR of 20.4% between March 2021 and March 2025, as against 14.6% growth seen in overall bank credit. Disaggregated data shows that incremental growth has been mainly driven by existing borrowers availing additional loans, and their share has increased to more than a third of the housing loans sanctioned in March, 2025. Moreover, as RBI's latest report noted, the share of borrower accounts with loan-to-value (LTV) ratios greater than 70% is also rising, and delinquency levels are greater for lower-rated and highly leveraged borrowers. However, these have declined significantly from the levels seen during COVID-19. Sensing danger, the RBI has repeatedly flagged heightened risks in the unsecured lending segment and cautioned lenders to remain vigilant, while offering personal loans for consumption purposes. In fact, in November 2023, fearing a rise in bad loans, the central bank raised capital to risk-weighted asset ratios for both banks and NBFCs to 125%. Consequently, retail loan disbursements have slowed following the implementation of regulatory measures across lender types, product types and credit-active consumers. At an aggregate level, the per capita debt of individual borrowers has grown from Rs 3.9 lakh in March 2023 to Rs 4.8 lakh in March 2025. The rise in per capita debt has mainly been led by the higher-rated borrowers. The share of better-rated customers among total borrowers is growing, both in terms of the outstanding amount and the number of borrowers. This is important from a debt serviceability and financial stability perspective, as it indicates that household balance sheets at an aggregate level are resilient, the RBI noted. Higher debt may help boost consumption, but it could be detrimental to economic growth. As a 2017 BIS study (which used data on 54 economies over 1990-2015) revealed, household debt boosts consumption and GDP growth in the short run but mostly within one year. In the longer run, however, a one percentage point increase in the household debt-to-GDP ratio tends to lower growth by 0.1%. The negative long-run effects on consumption intensify as the household debt-to-GDP ratio exceeds 60%. Households' debt burden is rising even as the growth in household savings fell with a thud to 5.3% of GDP in FY23 -- a 47-year low. However, the Ministry of Finance in the past reasoned that the decline in household savings was due to a double-digit growth in personal loans. "The household sector is not in distress, clearly. They are buying vehicles and homes on mortgages," it clarified, dismissing concerns over the rising indebtedness of households. Even as loan growth to the consumer segment slowed down, the quality of the portfolio has improved. Delinquency levels, except for credit cards, have decreased, upgrades from Special Mention Accounts (SMA)-2 accounts shot up, while slippages fell. The gross non-performing asset ratio of the banks' consumer segment loans stood at 1.4% in March, 2025. Moreover, in a sign of improving underwriting standards, the share of borrowers rated prime and above increased for both PSBs and PVBs. Likewise, the NBFC sector too remains resilient, but remains vulnerable to stress in household balance sheets with attendant consequences for asset quality. Bad loans within the retail segment stood at 3.1% compared to 1.2% for banks in March 2025. But on balance, the RBI's latest report observed that overall risks to the Indian financial system from lending to households remain contained with easing monetary policy cycle likely to reduce debt service pressures on borrowers going forward. However, the trend in household debt accumulation, especially among lower-rated borrowers, requires close monitoring, it added. Meanwhile, an update of the analysis of financial wealth of Indian households shows that it sharply in FY24. Since Q3, FY20, asset price gains contributed to around one-third of the increase in the financial assets, while the remaining was on account of an increase in financial savings. Deposits and insurance and pension funds formed nearly 70% of household financial wealth as on March 2024 even as the share of equities and investment funds has increased.


Business Standard
30 minutes ago
- Business Standard
Motilal Oswal Asset Management Company crosses milestone of Rs 1.5 lakh in AUM
Motilal Oswal Asset Management Company has achieved a significant milestone with its Assets Under Management (AUM) crossing Rs 1.5 lakh crores across Mutual Funds (Active & Passive), Portfolio Management Services (PMS') and Category-III Alternative Investment Funds (AIFs'). Over the past five years, MOAMC has delivered a robust 34% CAGR in AUM, rising from Rs 35,180 crores in June 2020. This growth is anchored in the AMC's clear and consistent focus on high-quality, earnings-led growth investing. MOAMC today serves ~79 lakh customers across 200+ locations in India and manages ~95 lakh unique folios across its product offerings. Its AUM composition includes ~₹84,300 crores in Active Mutual Funds, ~Rs 33,600 crore in Passive Mutual Funds, ~Rs 15,000 crore in PMS, and ~Rs 17,100 crore in AIFs, underscoring the company's scale and multi-platform capabilities. The AMC has seen a steadily gained a share in incremental mutual fund flows. In FY25, it captured a 7.8% share of net sales in Growth/Equity-oriented mutual fund schemes, up from 1.9% in FY24. Total net flows for FY25 stood at Rs 48,450 crore, with Systematic Investment Plans (SIPs) contributing Rs 9,256 crore.


Time of India
30 minutes ago
- Time of India
नेत्याच्या ड्रायव्हरच्या नावे 150 कोटींची जमीन, आमदार Rohit Pawar यांचा खळबळजनक आरोप
Land Worth Rs 150 Crores In The Name Of The Leaders Driver Said By Rohit Pawar