Kia is one of the few unlisted global carmakers in India that saw a contraction in profits
The South Korean automotive major, which rolled out its first Seltos in the country in August 2019, sold 186,787 units domestically, up 20 per cent year-on-year (YoY), in FY22
Kia India, the local arm of the South Korean carmaker, saw its net profit drop by a fourth in 2021-22 (FY22) over the year-ago period, notwithstanding an operationally strong year. An increase in the total tax outgo during the year dented the company’s earnings.
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First Published: Thu, November 24 2022. 20:29 IST