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’ve driven Honda’s new Jazz, Fiat’s new 500 Abarth, Maruti’s new Alto K10 and a whole load of other new cars in this month’s issue of Autocar India.
What's in this issue?

comments powered by Disqus

Kia eyeing India entry by 2012

notSet

Most Read
Latest News
New Maruti Alto K10 automatic claims highest fuel efficiency
At a claimed 24.07kpl, the new Maruti Alto K10 outdoes the AMT-equipped...
6 hours ago   1 picture
Daimler sells off Tesla stake
The sale of Daimler’s stake in Tesla will result in a cash inflow of...
22 hours ago   1 picture
F1: Caterham and Marussia teams to miss US GP
Caterham will miss the American race as its management stepped back and...
22 hours ago   1 picture
Trion Nemesis will challenge Bugatti and Koenigsegg One:1
The Nemesis features a twin-turbocharged 9.0-litre V8 engine and allegedly...
1 day 22 hours ago   1 picture
New Maruti Alto K10 variants explained
New Alto K10 will be available in petrol and CNG guise and will come in four...
2 days ago   1 picture

Autocar Magazine

Issue: 183 | AUTOCAR INDIA – NOVEMBER 2014

We’ve driven Honda’s new Jazz, Fiat’s new 500 Abarth, Maruti’s new Alto K10 and a whole load of other new cars in this month’s issue of Autocar India.
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: 1006

Vote now
View previous Polls »