The South Korean car manufacturer will be setting up a plant in Andhra Pradesh with a total investment of Rs. 10,300 crores in phases.
Kia Motors is all set to launch three products in India, a hatchback, sedan and an SUV by 2020. Kia Motors have planned a huge investment of $1.6 billion (approximately Rs. 10,300 crores) on a plant in phases in Andhra Pradesh, however, everything is in the process of being finalised. If this goes through, then this shall be one of the biggest foreign direct investment (FDI) projects in India.
All Kia products will share platforms and components with the Hyundai vehicles to give the companies better economies of scale. The hatchback will most probably be the Kia Picanto, based on the Grand i10. The sedan could be the Kia Rio, that made its debut at the 2017 New York Auto Show. The Rio could rival the Maruti Ciaz and Honda City. The SUV could be the Kia KX3, an SUV that is based on the Hyundai Creta’s platform. Codenamed the SP2, this SUV will be slotted in the same compact SUV segment as the Creta.
Kia is owned by Hyundai and with the latter aiming for premium positioning, Kia could be positioned as a mass market brand just like how Nissan has done with Datsun, although the Japanese automaker hasn’t found much success with the revival of the Datsun brand.
Kia India Hatchback
– Kia Motors will invest Rs. 10,300 crores in a plant in Andhra Pradesh
– Kia will bring in a hatchback, sedan and an SUV by 2020
– Kia products shall share platforms and components with the Hyundai products
