Kia is planning big India push, to launch 3 compact hatchback and SUV models in 3 years

Kia Motor Corp plans to launch three or four models in the compact hatchback and SUV segments in India within three years of starting production in 2019. The company will begin production by the middle of next year at Anantapur in southern India.
By : Bloomberg
| Updated on: 07 Mar 2018, 06:11 PM
Kia Motors’ SP Concept car at the Auto Expo 2018 in Greater Noida.
Kia Motors’ SP Concept car at the Auto Expo 2018 in Greater Noida.
Kia Motors’ SP Concept car at the Auto Expo 2018 in Greater Noida.
Kia Motors’ SP Concept car at the Auto Expo 2018 in Greater Noida.

Kia Motors Corp. will take a plunge into India's crowded small car market.

The affiliate of South Korea's Hyundai Motor Corp. plans to make three or more models in the compact hatchback and sport-utility vehicle segments within three years of starting production in 2019, Manohar Bhat, head, marketing and sales at Kia's local unit said in an interview. Hatchbacks account for almost two-thirds of India's car market, which is poised to become the world's third largest by 2020.

About a dozen companies already make small hatchbacks in India where profit margins are relatively low, a key factor that led General Motors Co. to announce an exit from the market last year. Success in India is essential for Kia after losing ground in China due to political tensions and in the U.S. where consumers are increasingly lapping up big SUVs.

Similar Cars

Find More Cars
Kia Sonet (HT Auto photo)
Kia Sonet
1197 cc | Petrol | Manual | 18.4 kmpl
₹6.79 - 13.55 Lakhs**Ex-showroom price
Kia Carens (HT Auto photo)
Kia Carens
1497 cc | Petrol | Manual | 16.5 kmpl
₹8.99 - 16.99 Lakhs**Ex-showroom price
Kia Seltos (HT Auto photo)
Kia Seltos
1497 cc | Petrol | Manual | 16.5 kmpl
₹9.95 - 18.1 Lakhs**Ex-showroom price
Kia Carnival (HT Auto photo)
Kia Carnival
2199 cc | Diesel | Automatic (Torque Converter) | 13.9 kmpl
₹24.95 - 33.99 Lakhs**Ex-showroom price
Kia Ev6 (HT Auto photo)
Kia Ev6
Electric | Automatic
₹59.95 - 64.95 Lakh**Ex-showroom price
Tata Nexon (HT Auto photo)
Tata Nexon
1199 cc | Petrol | Manual | 17.4 kmpl
₹7 - 13.24 Lakhs**Ex-showroom price

"We view India as the next untapped market with a huge potential," Bhat said.

While Kia is set to begin production by the middle of next year at Anantapur in southern India, more competition is coming. Chinese carmaker SAIC Motor Corp. is also setting up its first car manufacturing plant in India to sell the MG brand from 2019. France's PSA Group is also planning to produce and sell in India.

First Published Date: 07 Mar 2018, 06:10 PM IST
TAGS:
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city