Latest News
- Top 10 Used Bikes to Kickstart Your Riding Journey
- Suzuki Swift Hatchback Scores 4 Star Safety Rating At JNCAP – ADAS, New Engine & More
- Porsche Introduces Macan EV In India, Expanding Electric Portfolio
- Tata Motors To Manufacture Jaguar Land Rover Cars In Billion Dollar TN Plant - Report
- Ford Territory SUV Name Trademarked – Likely To Be Positioned Below The Everest SUV
- Jawa Yezdi Expands Mega Service Camps To 32 New Cities, Focusing On Tier-II And Tier-III Regions
- Sany India Introduces SKT105E: An Electric Dump Truck
- Force Gurkha 5-Door SUV – New Features, Dual Tone Interiors & More
- Hyundai Verna Tops Sales Chart In India's Mid-Size Sedan Segment
- India's Elections Trigger Airfare Surge in Tamil Nadu
KIA Motors On The Lookout For Setting Up New Facility In India
KIA Motors is currently on the lookout for setting up it very own manufacturing unit in the Indian market. The South Korean automobile manufacturer is expected to make an official announcement regarding its site location sometime during next month.
The factory would be operational sometime during 2019. KIA Motors aims at an annual production of approximately three lakh four-wheelers from its Indian facility. They could use the Indian facility as an export hub, as well as a unit that caters to the demand for the Indian market.
Hyundai is the parent company of KIA Motors and has been rumoured to enter Indian market for a while now. Recently, Hyundai Motors announced that they have sold over one million i20 hatchback in the Indian market. They seem to be a bit behind on their goal and will be playing catch up.
So far, KIA Motors cannot confirm the products that could be manufactured and offered in the Indian market. There is a possibility that India could get vehicles specific to the region. Hyundai Motors will be working closely in the initial phase to boost production.