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Korean carmaker Kia looking for Indian factory location
Reuters reports that Hyundai's sister brand Kia is being courted by Gujarat, Andhra Pradesh and Maharashtra
Reuters is reporting that Kia, the South Korean carmaker, is close to picking a site for its first Indian factory next month. The proposed factory is to start by 2019 and will make 300,000 cars eventually, says the report.
Kia is a part of the same industrial entity as Hyundai, and it's pretty clear that Kia will leverage the existing supplier base that Hyundai uses. Hyundai, of course, is a huge force in the Indian market. It recently sold its 1...
First Published:Jul 22, 2016, 16:20:11 IST
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