Slowdown in auto sector temporary: KIA Motors India

 

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

revive again.

“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.”

(PTI)