Kia's January sales fall 5.7% on chip shortage


Seoul, Feb 6 (IANS): Kia, South Korea's second-largest automaker said its sales fell 5.7 percent last month from a year earlier as the global chip shortage continued to affect its production.

Kia sold 2,12,819 vehicles in January, down from 2,25,733 units a year ago, the company said in a statement.

Sales in South Korea declined 11 per cent on-year to 37,038 units last month from 41,481, while exports were down 4.6 per cent to 1,75,781 from 1,84,252 during the cited period, it said.

Continued chip shortages and the spreading coronavirus variants had an impact on its vehicle sales last month, Kia said, adding it will adjust the production schedules to minimize the impact of part shortages on its production, reports Yonhap news agency.

"Kia's vehicle production began to improve in September, and the company will adopt a three-shift system in its Indian plant and launch new models in the first quarter to boost sales," the statement said.

For all of 2021, sales rose 6.5 per cent to 2.78 million autos from 2.61 million units in 2020.

  

Top Stories


Leave a Comment

Title: Kia's January sales fall 5.7% on chip shortage



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.