We Believe That The Slowdown In The Automobile Industry Is Temporary - KIA Motors
World’s 8th largest Auto Manufacturer 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, Executive Director of KIA Motors India.
Kim was speaking to the media at the launch of the company’s first product – The 'Seltos', manufactured at its Anantpur plant in Andhra Pradesh.
Talking about the Seltos Mr Yong S Kim said the company entered the Indian market with an SUV, as it is the fastest-growing segment in the automobile industry in the country and globally
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."
"Kia Motors India has received around 32,000 bookings in the last five weeks. The Anantpur facility has a capacity of three lakh units per annum, and the company will not stop the bookings of The Seltos" said Mr Vivek Goswami GM Product Planning KIA Motors India.
