• Tuesday, September 27, 2022

Business

Kia Motors ‘will pick first India plant site next month’

Kia Motors is chasing new business in India

By: Eastern Eye Staff

South Korea’s Kia Motors Corp is expected to pick a site next month for its first factory in India, stepping up plans to start making cars in one of the world’s fast-growing auto markets, sources familiar with the matter said. The move would enable Kia to leverage the existing supplier base of its affiliate Hyundai Motor Co, India’s second-biggest automaker by sales. The proposed factory would start production in 2019 and eventually have capacity to make 300,000 Kia vehicles a year, one of the people said – a major bet for a firm that sold 3.05 million vehicles last year.…

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