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Kia Motors expected to soon pick site for first India plant

India is likely to become the world's third-largest car market by 2020, according to IHS, up from fifth place now

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Kia Motors Corp

Reuters  |  SEOUL/NEW DELHI 

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, two people 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 told Reuters - a major bet for a firm that sold 3.05 million ...

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First Published: Sat, July 23 2016. 00:24 IST
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