Kia Motors India

Last updated

Kia India Pvt Ltd
Type Subsidiary
Industry Automotive
Founded19 May 2017;4 years ago (2017-05-19)
Headquarters Anantapur, Andhra Pradesh, India
Key people
Kookhyun Shim (CEO)
Products Automobiles
Production output
177,982 (2020) [1]
Parent Kia
Website www.kia.com/in/

Kia India Private Limited (formerly Kia Motors India Private Limited until May 2021) is a subsidiary of Kia for its operations in India. The company was founded on 19 May 2017 [2] following an announcement of the construction of a new 536-acre manufacturing facility in Anantapur District, Andhra Pradesh. The plant started its trial production in January 2019 [3] and the mass production of its first product, the Kia Seltos started on 31 July 2019. [4] The US$2 billion manufacturing plant is capable of producing 300,000 vehicles annually. [5]

Contents

Products

Kia Seltos Kia Seltos car Htx model (cropped).jpg
Kia Seltos

Kia India is producing several models that was developed specifically for the Indian market, namely the SP2i version of the Seltos and the sub-4 metre SUV Sonet. [6] The plant also manufactures the Kia Carnival exclusively for the domestic market. Within nine months of operations, in July 2020 the company announced that it has achieved a milestone of 100,000 vehicle sales. [7]

Current models

Statistics

YearProductionDomestic salesExports
201957,71944,918755
2020177,982139,71429,358

(Source: Kia Motors IR Library Sales Results )

Related Research Articles

Hyundai Motor Company South Korean multinational automaker

Hyundai Motor Company is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea. Hyundai Motor Company was founded in 1967. Currently, the company owns 33.88 percent of Kia Corporation, and also fully owns two marque including its luxury cars subsidiary, Genesis Motor, and electric vehicle sub-brand, Ioniq. Those three brands altogether comprise the Hyundai Motor Group.

Kia South Korean automobile manufacturer

Kia Corporation is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It is South Korea's second largest automobile manufacturer after parent company Hyundai Motor Company, with sales of over 2.8 million vehicles in 2019. As of December 2015, the Kia Corporation is minority owned by Hyundai, which holds a 33.88% stake valued at just over US$6 billion. Kia in turn is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, totaling more than US$8.3 billion.

Hyundai Motor Manufacturing Alabama

Hyundai Motor Manufacturing Alabama is an automobile factory in Montgomery, Alabama.

Kia Carnival Minivan by Kia

The Kia Carnival is a minivan manufactured by Kia Motors, introduced in September 1998, marketed globally under various nameplates — prominently as the Kia Sedona — and currently in its fourth generation.

Apollo Tyres Indian tyre manufacturing company

Apollo Tyres Limited is an Indian Multinational tyre manufacturing company headquartered in Gurugram, Haryana. It was incorporated in 1972, and its first plant was commissioned in Perambra in Thrissur district, Kerala (India). The company now has five manufacturing units in India, one in Netherlands and one in Hungary. It has a network of nearly 5,000 dealerships in India, of which over 2,500 are exclusive outlets.

Anantapur district District of Andhra Pradesh in India

Anantapur district is one of the four districts in the Rayalaseema region of the Indian state of Andhra Pradesh. The district headquarters is located at Anantapur city. It is one of the driest places in South India. As of 2011 census of India, it is the largest district in the state by area and with a population of 4,083,315, it is the eighth most populous district.

Automotive industry in India Overview of the automotive industry in India

The automotive industry in India is the sixth-largest in the world.

Ford India Indian subsidiary of Ford

Ford India Private Limited is a subsidiary of Ford Motor Company for its operations in India. Ford India Private Limited's headquarter is located in Sholinganallur, Chennai, Tamil Nadu. The company has been in talks with Mahindra & Mahindra to remerge its business with the latter but the talks fell off the table and plan cancelled owing to the COVID-19 pandemic.

Automotive industry in Pakistan Overview of the automotive industry in Pakistan

The automotive industry in Pakistan is the one of the fastest-growing industries of the country, accounting for 4% of Pakistan's GDP and employing a workforce of over 1.8 million people. Currently, there are 3,200 automotive manufacturing plants in the country, with an investment of 92 billion (US$570 million) producing 1.8 million motorcycles and 2000,000 vehicles annually. Its contribution to the national exchequer is nearly 50 billion (US$310 million). The sector, as a whole, provides employment to 3.5 million people and plays a pivotal role in promoting the growth of the vendor industry. Pakistan's auto market is considered among the smallest, but fastest-growing in Asia. Over 180,000 cars were sold in the fiscal year 2014–15, rising to 206,777 units fiscal year 2015–16. At present, the auto market is dominated by Honda, Toyota and Suzuki. However, on 19 March 2016, Pakistan passed the "Auto Policy 2016-21", which offers tax incentives to new automakers to establish manufacturing plants in the country. In response, Renault, Nissan, Proton Holdings, Kia, SsangYong, Volkswagen, FAW and Hyundai have expressed interest in entering the Pakistani market. MG JW Automobile Pakistan has signed Memorandum of Understanding (MoU) with Morris Garages (MG) Motor UK Limited, owned by SAIC Motor to bring electric vehicles in Pakistan. NLC signed an agreement with Mercedes Benz for the manufacturing of Mercedes Actros trucks in Pakistan. Pakistan has not enforced any automotive safety standards or model upgrade policies. A few old models of vehicles including the Bolan and Ravi continue to be sold by Suzuki. On 8 July 2021, Jolta Electric launched production of electric motorcycles.

Nissan Motor India Indian subsidiary company

Nissan Motor India Pvt Ltd is the Indian subsidiary of Nissan Motor Company of Japan.

Avtotor is an automobile manufacturing company located in Kaliningrad Oblast, Russia. Avtotor was established in 1996, and by 2008 it was one of the largest producers and assemblers of cars in the world. The company's revenue for 2011 was reported to be approximately 4 billion euros, and the company was reported to have 3,500 employees.

Make in India Government initiative to encourage manufacturing in India

Make in India is an initiative by the Government of India to make and encourage companies to manufacture in India and incentivise dedicated investments into manufacturing. The policy approach was to create a conducive environment for investments, develop a modern and efficient infrastructure, and open up new sectors for foreign capital. The initiative targeted 25 economic sectors for job creation and skill enhancement, and aimed "to transform India into a global design and manufacturing hub."

Automotive industry in Vietnam

Automotive industry in Vietnam is a fast growing sector, mainly reliant on domestic sales. All currently produced models are designed abroad by foreign brands, and many rely on knock-down kit production. Due to high import taxes on automobiles, the Vietnamese government protects domestic manufacturing. Although Vietnam is a member of the ASEAN Free Trade Area, automobile imports fall under an exception. Since January 1, 2018, the 30% import tax has been discontinued as part of ASEAN agreements. Currently, the Vietnamese motor industry is not deemed competitive enough to make exports feasible. As of April 2018, 85% of car sales in Vietnam were produced domestically from CKD kits.

Kia Seltos Motor vehicle

The Kia Seltos is a subcompact crossover SUV manufactured by Kia. Introduced in mid-2019, the Seltos is positioned between the smaller Stonic, Soul, or Sonet and the larger Sportage in Kia's global SUV lineup.

Lucky Motor Corporation (LMC) is a Pakistani automobile manufacturer which is a part subsidiary of South Korean automobile manufacturer Kia Motors. It is a joint venture between Lucky Group and Kia Motors. Kia Lucky Motors Pakistan has recently changed its name to Lucky Motors Corporation Limited in 2020 but it does not mean that both companies have ended their partnership.

Hyundai Smartstream engine Hyundai automobile engine

The Hyundai Smartstream is a gasoline and diesel automobile engine branding used by Hyundai since 2018. An all-aluminum engine of Hyundai Motor Company debuted in the third-generation Hyundai i30 hatchback, which was unveiled in 2018 in Paris Motor Show.

Kia Sonet Subcompact crossover SUV

The Kia Sonet is a subcompact crossover SUV manufactured by Kia since 2020. The Sonet slots below the Seltos and is closely related to the similarly sized sibling Hyundai Venue. It is developed for the Indian market and is solely manufactured in India.

The K platform series are platforms developed by Hyundai and Kia for its range of automobiles since 2017.

References

  1. "Sales Results". pr.kia.com. Retrieved 2 October 2020.
  2. www.bloomberg.com https://www.bloomberg.com/profile/company/1555527D:IN . Retrieved 2 October 2020.Missing or empty |title= (help)
  3. India, Kia Motors. "Kia Motors Commences Trial Production at its Anantapur Plant in Andhra Pradesh". www.prnewswire.com. Retrieved 2 October 2020.
  4. "Kia Seltos' mass production in India to begin next week". www.timesnownews.com. Retrieved 2 October 2020.
  5. "Kia Motors | India Plant". www.kia.com. Retrieved 2 October 2020.
  6. "Kia Seltos Unveiled in India - Hyundai Motor Group TECH". tech.hyundaimotorgroup.com. Retrieved 2 October 2020.
  7. "Kia Motors India races to fastest 1 lakh sales ever with Seltos: Sonet coming soon". The Financial Express. 31 July 2020. Retrieved 2 October 2020.