Kia Motors Corporation, a subsidiary of Hyundai-Kia Automotive Group has kick-started the process of entering the Indian automobile market. As of now the company is well established in European, Chinese, US and the Korean market. Kia Motors has an extensive product portfolio comprising of hatchbacks, sedans and SUVs and is also known to have created various concept vehicles.
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Prepping up for its India debut, Kia Motors is in process of identifying land for its factory and units. The company is said to be working on strategizing particular models for the Indian market. To take things forward, Kia is seeking out for appropriate dealers and suppliers. Apart from the land formalities, the company is also course in seeking permissions and clearances from various authorities. Reports suggest that once the factory is completed, it may even be used by Hyundai India to manufacture some of its own vehicles. Currently Hyundai is on the way to attain peak output capacity at its factory near Chennai and has been cutting back on export shipments to make space for new models.
In addition to this, there is news that Kia Motors has completed various reports on the Indian market, including a detailed feasibility study. Following the sale of over 3 million vehicles in 2015, the company has been planning to enter the Indian market with a mission to grow and become one of the largest vehicle manufacturer in the world by 2020. While the maker is making moves to get into the Indian market soon, still it will take them 2-3 years to start selling cars in India.
source: Times Of India