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Automobile manufacturer subsidiary in India From Wikipedia, the free encyclopedia
Kia India Private Limited 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 Anantapuram 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]
Company type | Subsidiary |
---|---|
Industry | Automotive |
Founded | 19 May 2017 |
Headquarters | Anantapuram, Andhra Pradesh, India |
Key people | Gwanggu lee (CEO) |
Products | Automobiles |
Production output | 336,619 (2022)[1] |
Parent | Kia |
Website | www.kia.com/in/ |
Kia India produces several models that were developed specifically for the Indian market, namely the SP2i version of the Seltos and the sub-4 metre SUV Sonet.[6] Within less than four years of operations, in May 2023 the company announced that it has achieved a milestone of 700,000 vehicle sales.[7]
Year | Production | Domestic sales | Exports |
---|---|---|---|
2019 | 57,719 | 44,918 | 755 |
2020 | 177,982 | 139,714 | 29,358 |
2021 | 227,844 | 182,655 | 53,247 |
2022 | 336,619 | 254,556 | 82,063 |
2023 |
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