New Delhi: South Korean Carmaker Kia Motors plans to take models such as Toyota’s Innova, Hyundai’s Alcazar and Maruti XL6 with the MPV Carens which will soon be launched, even when the company enters finalization mode to introduce electric cars in this country through local manufacturing – maybe Next year.
Tae-Jin Park, MD & CEO KIA in India, said that demand remained strong, and the company now expanded its annual production capacity of three lakh units at this time into four lakh units.
Expansion came even because there was concern for the lack of semiconductor, and how it produced a long wait period in many models, including the Seltos Kia and Sonet SUV.
“We increase our production capacity with new equipment and fresh assembly lines when we increase up to four lakh units every year,” Park told Ti, stressed that the company would continue to invest in India.
“Our investment is currently standing around $ 1.2 billion, and we are now developing again.” Talking about the 3-line Carens MPV – which will be available in the options of gasoline and diesel, it says it will be launched in the first quarter of 2022.
It will be the fourth vehicle from the company’s stable, and is based on the stretch of the Seltos platform version.
Park said that KIA – a Hyundai company sister – has studied from the launch of the MPV carnival, which has not seen aggressive purchases unlike the other two SUV brothers.
“We will see the market needs to be more careful, and will see acceptable prices, reasonable prices.” Speaking of the planned electric car, he said that India would get a green car from the upcoming Kia global model.
“We are looking at the platform …
and the cars will be produced locally.” Kia, who has a backlog of 75,000 cars because of the lack of semiconductors, expects to sell around 2.3 lakh cars in 2021.
Parks estimate 30% growth for 2022.
KIA, while growing rapidly in the early days of India in, facing competition The tight is not only from compatriot Hyundai, but even others like local players Tata Motors and Mahindra.