Kia Motors Opens Manufacturing Plant in India
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Following the announcement of its entry into the Indian market earlier this year, Kia Motors, a subsidiary of the South Korean Hyundai Motor Company, has decided to establish a manufacturing site in India. According to a recent report, India is expected to become the third-largest automotive market in the world by 2020, highlighting its significance for the Korean automaker.
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Details of the New Plant in India
To support its role as an industrial hub for automotive manufacturers, the Tamil Nadu government has allocated 390 acres (16,988,400 square feet) for the construction of the plant, which will be located near the existing Hyundai facility in Sriperumbudur, approximately 40 km away.
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With the announcement of this location, it is believed that the offer made by the Tamil Nadu government was influenced by reports indicating that the company had previously established a plant in Karnataka.
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Statements from Officials
The Minister of Industries, M. C. Sampath, stated: "After visiting Tamil Nadu, they requested about 400 acres for construction, and we offered around 390 acres. I hope they establish the plant in Tamil Nadu."
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With existing manufacturing facilities in Seoul and Mexico, India is set to be the next significant location, with the new plant expected to produce around 300,000 units annually.
