SUZUKI FAN

Kia is looking to build plant in India by 2012
KIA was seeking to build a plant in India to produce 300,000 vehicles a year starting from 2012, the automaker Said Wednesday. “We’re conducting a feasibility study to select a site for the plant near Chennai,” a Kia spokesperson said.
“Based on data from Hyundai Which Entered the Indian market in 1998, we’re Estimating costs and time to build the plant, as well as demand forecasts Examining and Hyundai’s sales figures there,” he added. Currently Hyundai operates two plants in Chennai with a combined annual output of 600,000 cars. Of the 560,000 Units Produced at the plants last year, Hyundai sold 290,000 in India, grabbing a 20-percent share of the market.
Kia’s move apparently motivated by ITS Has Been wish to find an alternative market to Europe, the destination of the Majority ITS exports, Where Has Been sluggish demand due to the recession.
 1.4 million passenger cars sold in India  Last YearThe Indian car market is Expected to Grow to 3 million units by 2015 to become the World’s fourth, trailing only China, the U.S. and Japan.

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