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.
We bring you all you need to know about the Hyundai Xcent facelift and the all-new Swift Dzire, along with a WR-V vs Vitara Brezza vs i20 Active shootout, and plenty more this month.
What's in this issue?

comments powered by Disqus

notSet

Trending Now
Latest News
Pole position for Jehan Daruvala at Monza
Top six drivers from the grid of 19 were covered by just half a second in...
1 hour ago   1 picture
Honda Activa crosses 15 million sales milestone
India’s first two-wheeler to reach this landmark; overtakes motorcycle...
3 hours ago   1 picture
Range Rover to inherit Velar’s advanced infotainment
Updated luxury SUV will launch next year with new dual-touchscreen...
5 hours ago   2 pictures
Lamborghini India expects bull run with Urus SUV
Lamborghini India head confident Urus SUV will help multiply carmaker's...
19 hours ago   1 picture
2017 Honda Activa i BS-IV launched
Now available in bright two-tone colour schemes, the BS-IV compliant Activa...
21 hours ago   1 picture

Autocar Magazine

Issue: 213 | Autocar India: May 2017

We bring you all you need to know about the Hyundai Xcent facelift and the all-new Swift Dzire, along with a WR-V vs Vitara Brezza vs i20 Active shootout, and plenty more this month.
Autocar Magazine
Latest Poll
I would buy the Tigor for its



or View results
Styling
  41%
 
Pricing
  49%
 
Space on offer
  10%
TOTAL VOTES: 1219

Vote now
View previous Polls »