Kia needs to set up a factory in India
Kia needs to set up a factory in India to tap growth there and to offset slowing sales in Russia and China.
The Korean newspaper Dong-A Ilbo reports, quoting the South Korean automaker's chief executive, Park Han-Woo.
Currently all Kia's activities in India pass through imports from Korea. But import is hardly penalized by high taxes imposed on the automotive sector by New Delhi government.
By contrast, Hyundai has two factories in India and it is the country's second-largest automaker. Yet to be determined the timing for the possible construction of the new Kia plant in India.