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Mitsubishi Moves Into Indonesia – Kia Moves Into India

A pair of Asia’s carmakers has this week announced they’ll be spreading their automotive wings with two new plants in two new markets. The first is Kia, which says India’s position as the fifth-largest new car market in the world is t


A pair of Asia’s carmakers has this week announced they’ll be spreading their automotive wings with two new plants in two new markets.

The first is Kia, which says India’s position as the fifth-largest new car market in the world is too limportant to ignore.

As such, the Korean carmaker will begin work on a new factory for India in Q4 of this year, which is expected to be operating at its maximum annual capacity of 300,000 cars per year in 2019.

Kia says a memorandum of understanding has been reached with the state government of Andhra Pradesh, and the new plant carries a price tag of US$1.1 billion.

“We are delighted to announce that Kia’s newest manufacturing facility will be here in Andhra Pradesh,” Kia President, Han-Woo Park, said.

“It will enable us to sell cars in the world’s fifth largest market, while providing greater flexibility for our global business. Worldwide demand for Kia cars is growing and this is our latest step towards becoming a leading global car manufacturer.”

A “strategic compact sedan and compact SUV especially for the Indian market” are the two models on the table for the new plant at this stage, so customers in Australia are unlikely to be offered any Indian-built Kias before the next decade.

While fifth on the list right now, Kia says the Indian new car market will be the world’s third-largest by 2020.

India

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