Hyundai, the world's fifth-biggest automaker when combined with affiliate Kia Motors Corp, reported a net loss of 336 billion won ($297.72 million)

Kia Motors India on Wednesday said it has received over 50,000 bookings for its compact SUV Sonet within two months of commencing the process; The International Monetary Fund slashed this year's economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India; In wake of a deep global recession amid a still unchecked pandemic, the global economy is estimated to contract by 4.3 per cent this year, leaving global output short by over $6 trillion by the year end. Watch this and more on News Blast.Also Read: Dr Reddy's Labs share slips over 4% as firm shuts plants after cyberattack

Flipkart's Big Billion Days sees 55% rise in digital payments, over 150% increase in EMI optionsThe annual festive season sale by Flipkart, The Big Billion Days (TBBD), which concluded on October 21 saw 1.5 times growth in the number of transacting sellers, amongst whom more than 35 per cent saw over thrice the sales compared to last year, said the company in a statement. Even as it added nearly 35 per cent new sellers on its platform, nearly 60 per cent of them were from Tier II and Tier II...

This record booking number affirms Kia Sonet's status as a game-changer by customers in the highly competitive compact SUV category, the company said in a statement

COVID-19 impact: SIAM Director General Rajesh Menon said that this dip can be largely attributed to the COVID-19 related disruptions that led to the closure of plants and dealerships

Starting Oct. 16, the recall, which includes software updates and battery replacements after inspections, involves 25,564 Kona electric vehicles (EVs) built between September 2017 and March 2020

Bengaluru-based Ola entered the London taxi market in February this year

Kia sold 9,266 units of Sonet in September to pip Hyundai Venue and Maruti Suzuki Vitara Brezza. Similarly, it sold 9,079 units of Seltos last month, second only to Hyundai Creta

Following the reopening of the economy after lockdown, auto sales have gradually picked up month on month since June and gained further momentum with the onset of festive season in September

Mahindra Thar 2020 may be booked either online or at any of the company's dealerships with an initial payment of Rs 21,000 and deliveries would begin on November 1

A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister Narendra Modi, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted

All segments of the market have recorded a weak satisfaction score below 600 which is understandable given that no one can be prepared in advance for handling such a calamity

To differentiate itself from the Brezza, Toyota has made cosmetic changes with the bumper and grille of the vehicle in the front and colour combination inside while also doing away with a like to like entry level variant for the Brezza LXi which has a starting price of Rs 7.34 lakh

Kia Sonet comes with a number of first in segment features such as 10.25-inch AVNT, an automatic variant in diesel, smart key remote engine start (both in AT and MT transmission), front row driver and passenger ventilated seats with an India first smart pure air purifier with virus protection

Kia Sonet launched in India: Subcompact SUV comes with different engine options with different versions; buzz around the Sonet has put it in direct competition with Hyundai Venue, Maruti Suzuki Vitara Brezza, Mahindra XUV300, and Tata Nexon

Kia Sonet will compete with segment leaders like Maruti Brezza, stablemate Hyundai Venue, Tata Nexon and Mahindra SUV3OO; Made in India subcompact SUV will not only be manufactured here but Kia Motors also plans to export it to over 70 countries

These BEVs, code-named CV, will be revealed in 2021 as the brand's first dedicated BEV, destined for many regions globally

While the overall improved performance of the auto industry is a cause for cheer, nobody is celebrating yet. With coronavirus cases still rising and the state of the economy highly uncertain, that would be premature

One of the most eagerly anticipated vehicles of the year, Kia Sonet, made its global debut on Friday. The Sonet is Kia Motors India's third offering in the country after the Seltos and the Carnival. The youngest member of the compact SUV segment, Kia Sonet will be up against the likes of Maruti Suzuki Vitara Brezza, Hyundai Venue, and Tata Nexon, with its bookings soon to be opened in India. Watch the video for more.Also Read: Kia Motors completes 1 lakh sales in record time

Sonet will compete in India's fastest growing but highly competitive segment; goes head to head with Maruti Brezza, Hyundai Venue, Tata Nexon and Mahindra XUV3OO