
Kia India sales up 8 pc in July
The recently launched Carens Clavis, along with the Carens Clavis EV, have contributed to the overall growth momentum, the automaker said in a statement.
The company also exported 2,590 units last month, it added.
"Our steady sales performance reflects the trust Indian customers continue to place in Kia. This consistency is driven by our commitment to delivering high-quality and feature-rich vehicles that meet evolving customer needs," Kia India Chief Sales Officer Joonso Cho stated.
The automaker is committed to drive in models that meet the needs of Indian customers, delivering a strong value proposition, he added.

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Hans India
11 minutes ago
- Hans India
Trump threatens more tariffs on India
Washington/New Delhi: In a fresh trade threat against India, President Donald Trump on Monday said he will "substantially" raise US tariffs on New Delhi, accusing it of buying massive amounts of Russian oil and selling it for big profits. Last week, the Trump administration slapped a 25 per cent duty on all Indian goods. The US President also announced a penalty for buying "vast majority" of Russian military equipment and crude oil, but no mention was made in the notification. "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits," Trump said in a social media post on Monday. "They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA," he added. In its reaction, India said it will take all necessary steps to safeguard and promote national interest and that the implications of the tariffs are being examined. India's import of crude oil from Russia has risen from 0.2 per cent of total purchases before the Russia-Ukraine war to 35-40 per cent. New Delhi is the largest buyer of Russian oil after China. On August 1, Trump signed an Executive Order titled 'Further Modifying The Reciprocal Tariff Rates', raising tariffs for over five dozen countries, including a steep 25 per cent for India. The executive order, however, did not mention the 'penalty' that Trump had said India will have to pay because of its purchases of Russian military equipment and energy. White House Deputy Chief of Staff Stephen Miller, in an interview to Fox News Sunday, stated that President Trump has said very clearly that 'it is not acceptable for India to continue financing" the Ukraine war by purchasing oil from Russia. Last week, Trump mounted a sharp attack on India and Russia for their close ties and said the two countries can take their "dead economies down together", a remark which prompted New Delhi to say that India is the world's fastest-growing major economy. Declaring that the US has a massive trade deficit with India, Trump had said that while 'India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the world, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any country.


Indian Express
11 minutes ago
- Indian Express
Express View: In the wake of Trump's latest moves, Delhi must push ahead with the trade deal
Days after US President Donald Trump announced a 25 per cent tariff on Indian imports, and an unspecified penalty for defence and energy imports from Russia, the Indian government has initiated an exercise to thrash out concessions across sectors that can be put forth in trade talks between the two countries. As reported in this paper, key ministries have been directed to examine what can be offered to make the deal more attractive to Trump, with the US said to be pushing for greater market access than what has been on the table so far, bringing down tariff walls and doing away with non-tariff barriers. Another round of talks is slated to be held in the last week of August. There will be red lines, of course. The government, for instance, is reluctant to give concessions on some agri items, even as it must negotiate to increase market access to the world's largest economy — in 2024-25, India exported goods worth roughly $87 billion to the US, led by electronics (17.6 per cent of exports), pharma (11.8 per cent) and gems and jewellery (11.5 per cent). The imposition of higher tariffs on the country as compared to those levied on its competitors such as Vietnam and Indonesia will impact export competitiveness and have implications for the broader economic momentum. Assessments by various agencies have provided some sense of the possible impact on the Indian economy — ICRA, for instance, has lowered its GDP growth forecast for the year to 6 per cent from 6.2 per cent earlier, while CareEdge Ratings has estimated the direct export loss to be around 0.3 to 0.4 per cent of GDP. Some of the options before the government reportedly involve increasing purchases of defence equipment and oil, and greater nuclear engagement, among others. Indian refiners have already cut down on oil imports from Russia to 1.6 million barrels per day in July, down 24 per cent from the month before. This decline has been offset by higher imports from countries such as Saudi Arabia, the UAE, the US and Nigeria. Concessions to the US could also be granted in areas of public procurement — in line with the India-UK trade agreement. Delhi's sober response, in the face of Trump's broadside — the US President has called India a 'dead economy' — reflects pragmatism when faced with pressure tactics designed to extract concessions. But, in a changed global order, where Trump is undoing the rules that underpinned the global trading system, a business-as-usual approach is unlikely to work. India should continue to sidestep the loose rhetoric, while moving ahead with negotiations to conclude a deal that delivers benefits to both sides. Alongside, it should press forward the domestic reform agenda to boost competitiveness, improve ease of doing business, and increase the attractiveness of the country as an investment destination.


Hindustan Times
11 minutes ago
- Hindustan Times
Sunil Chhetri and other Bengaluru FC players' salaries put on hold after ISL club takes 'difficult' decision
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