KOLKATA, Aug 23: Korean automobile maker KIA
Motors India on Friday said the current slowdown in the
industry is a temporary phase, and customer sentiments will
“There is some industry slowdown. We believe that the
slowdown in the automobile industry is temporary. Customer
sentiments will revive again,” said Yong S Kim, ED and CSO of
KIA Motors India.
Kim was talking to reporters here at the launch of the
SUV ‘Seltos’, manufactured at its plant in Andhra Pradesh.
He said the company entered the Indian market with an
SUV, as it is the fastest growing segment in the automobile
industry in the country.
“For a new entrant, there is no good time. We are
confindent of our product…”, he said.
The company claimed to have received around 33,000
bookings in the last five weeks.
The Andhra Pradesh facility has a capacity of three
lakh units per annum, Kim said.
“If there is demand globally for the product, we will
start exports,” the company official said.
KIA Motors has 18 to 20 models ranging from small to
luxury cars in the Korean market, Kim said. “We will showcase
our next model for India in the upcoming Auto Expo in Delhi.”