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.
A first look at the Skoda Kodiaq, Hyundai Elantra petrol-automatic vs rivals, an exclusive drive of the Bajaj Qute and lots more inside!
What's in this issue?

comments powered by Disqus

notSet

Trending Now
Latest News
2017 Audi Q5 unveiled at the Paris motor show
New Q5 is underpinned by the VW Group’s latest MLB platform; a...
8 hours ago   3 pictures
All-new Nissan Micra unveiled
The fifth-gen Micra is about to be launched in Europe soon. It’s a...
9 hours ago   3 pictures
2017 Land Rover Discovery revealed
Paris Motor Show debutant is probably Land Rover’s most capable...
9 hours ago   4 pictures
2017 BMW X2 concept teased
Set to be unveiled at the Paris motor show, the X2 concept previews a...
11 hours ago   2 pictures
Locally assembled Mercedes GLC launched at Rs 47.90 lakh
Prices down by Rs 4.20 lakh and Rs 4 lakh for petrol and diesel variants...
13 hours ago   1 picture

Autocar Magazine

Issue: 206 | Autocar India: October 2016

A first look at the Skoda Kodiaq, Hyundai Elantra petrol-automatic vs rivals, an exclusive drive of the Bajaj Qute and lots more inside!
Autocar Magazine
Latest Poll
Mahindra has launched four compact SUVs this year. Which one would you buy?





or View results
KUV100
  16%
 
TUV300
  20%
 
Nuvosport
  5%
 
Bolero Power+
  10%
 
None
  49%
TOTAL VOTES: 967

Vote now
View previous Polls »