Kia Motors India Private Limited is a subsidiary of the South Korean automotive multinational corporation KIA motors. It is South Korea’s second-largest automobile company after Hyundai which is the parent company of KIA motors. Company was founded in 1944 producing steel tubes and bicycle parts and later eventually became the bicycle manufacturer. In later years, company tried its hands in motorcycles, trucks and passenger cars by making alliance with various other companies. It worked with many biggies like Ford, Fiat, Mazda and Peugeot before being forced to quit the passenger vehicle market. In 1997, the company got bankrupt and had to make a deal with Hyundai moto corporation which henceforth acquired 51% of the Kia motors stocks to completely own the company. Till date Hyundai owns over 33% stocks of Kia Corporation while in turn Kia also owns shares in Hyundai subsidiaries as well.
KIA Motors India: About company and Line-up
KIA Motors has many countries in its reach including America, Europe, India, Pakistan and Mexico. The Indian Subsidiary of the Company was founded in 2017 while the production of their first car in Indian market began in July 2019. Company has a production plant in Anantapur District, Andhr a Pradesh and has a production capacity of 300,000 vehicles annually. The first car launched by the company was the Mid-Size SUV Seltos, Under the “Made in India” policy. This car got quite the hype and also lived upto the expectation of customers. Later by 31 July 2020, company sold over 100,000 vehicles in India henceforth became the first company to achieve this sales record in such time period.
The Korean automaker entered the Indian market with record breaking sales and got the success in a very short period of time. And the reason behind this success goes to non other than their first car Seltos. After this Company also launched Sub-4m SUV Sonet which sits below Seltos. This car too got the love of the customers and gained the popularity very soon. With these company added one more car Kia Carnival which is a full size SUV. Let’s take a look at its Line-up: