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Kia Motors mulling over setting up plant in India

All News 22:24 July 22, 2016

NEW DELHI, July 22 (Yonhap) -- Kia Motors Corp., South Korea's second-largest automaker, has sent its officials to India twice this year to survey a site for its assembly plant, company officials said Friday.

A team of officials -- who are assigned to reviewing sites for plants around the world -- met with public officials in India to assess the situation, an official of Kia Motors said.

The official said it could take time before the South Korean carmaker decides whether to enter the Indian car market.

Potential sites for the assembly plant are Andhra Pradesh State on the country’s southeastern coast, Maharashtra State and Gujarat State, both in western India, according to sources.

Kia Motors’ bigger sister affiliate Hyundai Motor Co. entered the Indian subcontinent 1998. Last year, Hyundai Motor sold a 476,001 units in India, taking the second spot in the Indian market with a 17.3 percent market share.

Hyundai Motor and Kia Motors -- flagship units of Hyundai Motor Group -- form the world's fifth-largest automaker.

entropy@yna.co.kr
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