Kia eyeing India entry by 2012

Kia Motors, a part of Hyundai group, is eyeing the Indian market.

Kia Motors, a part of the Hyundai group, is eyeing the Indian market. This news was first broken by Autocar India (May 2010 issue), and now, in a recent report in a South Korean daily, Chosun Ilbo,  the company has said that it wants to build a plant in India to produce 300,000 vehicles a year starting from 2012.

"We're conducting a feasibility study to select a site for the plant near Chennai," a Kia
spokesperson said. "Based on data from Hyundai Motor which entered the Indian market in 1998,
we're estimating costs and time to build the plant, as well as examining demand forecasts and
Hyundai's sales figures there," he added.

Kia's move has been apparently motivated by its wish to find an alternative market to Europe, the
destination of the majority of its exports, where demand has been sluggish due to the recession.
Incidentally, HMIL has also been looking at diversifying its export destination

Hyundai has two plants in Chennai with a combined annual output of 600,000 cars. Of the 560,000
units produced at the plants last year, Hyundai sold 290,000 in India. Kia’s line up includes models such as the Picanto, Sorento, Sportage, Ceed and Forte.

Copyright (c) Autocar India. All rights reserved.
With a whole lot of new cars being launched just around the corner, there’s a lot to be excited about in the coming months. Read our annual rundown of the most exciting cars worth waiting for.
What's in this issue?

comments powered by Disqus

Kia eyeing India entry by 2012

notSet

Most Read
Latest News
Fiat Avventura gets 500 bookings
Fiat's India Operations head has confirmed a couple of weeks' wait for the...
2 hours ago   1 picture
Yokohama to start limited tyre production in India
Yokohama will manufacture the Earth 1 and S Drive tyres from its new plant...
14 hours ago   3 pictures
New Mini hatchback to be launched on November 19, 2014
New Mini will come in both three and four door versions; win a chance to...
17 hours ago   2 pictures
Fiat Avventura vs rivals - specifications comparison
We pit Fiat's newest Avventura crossover against the Ford EcoSport,...
19 hours ago   4 pictures
Fiat Avventura launched at Rs 5.99 lakh
The Avventura is powered by staple Fiat engines. Options include 89bhp...
21 hours ago   1 picture

Autocar Magazine

Issue: 182 | October 2014

With a whole lot of new cars being launched just around the corner, there’s a lot to be excited about in the coming months. Read our annual rundown of the most exciting cars worth waiting for.
Autocar Magazine
Latest Poll
Which one of these luxury small SUVs would you buy?



or View results
Audi Q3
  39%
 
Mercedes-Benz GLA
  49%
 
BMW X1
  12%
TOTAL VOTES: 927

Vote now
View previous Polls »