Kia announces 2021 first-quarter business results
Kia Corporation today announced its 2021 first-quarter business results, reporting a 13.8 percent year-on-year rise in quarterly revenue to KRW 16.58 trillion. Despite unfavorable exchange rates, the company’s improved product mix and strong performance of key models such as Telluride and Seltos SUVs contributed to higher revenue.
Sales outside of Korea also saw a 5.3 percent increase to 559,915 units, with recoveries of demand in global markets, alongside significant growth in India. The Sonet SUV alone sold over 25,000 units in India during the first three months, contributing to a 38.3 percent year-on-year increase of Indian sales.
2021 Outlook For 2021, Kia is targeting 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 anticipates automobile demand to improve alongside the ongoing economic recovery from the global pandemic.
Apr 22, 2021 at 23:25