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 variant details revealed
The Fiat Avventura is slated for a launch in early October; three trim...
1 hour ago   3 pictures
Rolls-Royce likely to sell 4,000 cars this year
Rolls-Royce's sales rose 30 percent in first six months of 2014; their SUV...
5 hours ago   1 picture
You don’t get so many chances to be in F1 anymore: Verstappen
Max Verstappen turns 17 today, and will make his Formula 1 debut in Free...
16 hours ago   1 picture
New McLaren 625C revealed
Specifically for Asian markets, this toned-down version of the 650S makes...
17 hours ago   1 picture
Maruti to recall 69,555 cars
First-generation Maruti Swift, Dzire and Ritz models called in to fix...
20 hours ago   3 pictures

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
Does brand Maruti Suzuki finally have the appeal to take on Honda's City with the Ciaz?


or View results
Yes
  49%
 
No
  51%
TOTAL VOTES: 1345

Vote now
View previous Polls »