The Story of Kia Sp Concept Has Just Gone Viral!
South Korea's 2nd largest automobile manufacturer, Kia Motors has planned to step into the Indian automobile market soon. With its new project, Kia sp that is scheduled to be launch in September 2019 has already received a lot of traction.
Founded in 1944, Kia motors is now a subsidiary of Hyundai-Kia automotive group. In 1973, the company opened its first integrated automotive assembly plant. In 1981, due to the industry consolidation, Kia backed out from the passenger car market ad concentrated on light trucks.
That all changed when fort partnered up with Kia in 1986. Initially, Kia produced a few Mazda derived cars. with the new models, Kia expanded across thirty states by 1995, selling a record 24,740 automobiles. But during the Asian financial crisis in 1997, Kia faced bankruptcy and by 1998 derived a contract with Hyundai motor company for the exchange of ownership.
Initially starting with 51% of shares, ford soon disinvested causing Hyundai to own about 1/3rd of the company share right now. The largest automobile manufacturer in South Korea, Hyundai currently owns the majority shares in Kia motors with Kia motors owning shares in more than 20 Hyundai subsidiaries. The amount of shares held by Kia ranges from 4.9% to 45.37%.
Kia motors are currently responsible for the production of 1.5 million vehicles a year in 13 manufacturing and assembly operations in eight countries. the cars are currently sourced over 173 countries and have 40,000 full-time employees worldwide and annual revenues of over US$14.6 billion.
With the brand slogan of “the power to surprise”, Kia has planned to enter to the Indian market in the year 2019 with the Kia sp concept that is responsible for “ made to India” SUV that is scheduled to be launched in June 2019.
Kia has decided on a production facility that will be built in Andhra Pradesh, India with a capacity of 300,000 units annually. To strengthen its grasp over the 5th largest automobile market in the world, Kia Motors has committed to an investment of US $1.1billions for the Indian market.
About the Kia SP concept:
Kia will bring the new Kia sp concept that is a compact 5 seater SUV to India first. The sp concept was unveiled in 2018 auto expo and it is expected to be a premium D –segment SUV.
Based on the latest Kia design the sp will have tiger nose grille, perfectly slanting and sleek headlamps and silver coloured bash plate. It will have a rear sloping roofline and 17-inch alloy wheels.
The sp concept car has a dual tone exterior with grey cladding running all around the base of the car. It has a white roof with a chrome exhaust setup and chrome line running at the top section and throughout the tail body.
The new Kia is rumoured to get Hyundai Creta's engine but will be more premium in comparison. So according to the rumour, the car will have 1.4-litre diesel, 1.6-litre petrol and diesel engines.
The car is expected to be mated with 6 speed manual as well as automatic transmission. The other rumour contradicts the theory and states the car to have 1.5-litre petrol and diesel engine. both of which have not been confirmed yet. The new Kia sp may be named a trailer or tusker.
Interior wise Kia sp concept had a huge infotainment system that was an extension of the touch screen instrument cluster. It had usual tone interior consisting of black and brown and 2 spoke steering wheel along with c shaped steering mounted controls that follows the same theme as of the exterior.
The sp concept will have all the standard features as any other cars along with some premium features like sunroof, cruise control, rain sensing wipers, auto headlamps, revised instrument cluster and a huge infotainment system is expected as well. The safety features might include Hill Start Control, ESP, ABS with EBD, 6 airbags, traction control etc.
The sp Kia will be a more premium version of Hyundai cars and Kia sp is expected to be priced anywhere between Rs. 10 lakhs to rs.16 lakhs. Kia will bring another variant 6 months post-launch.
Kia SP Rivals:
The car is not currently available for pre-booking but you can get a notification when the car is launched with mynewcar.in. Click here to get all the updates and notifications about the new Kia sp.
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