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Kia India targets 410,000 sales by 2030 with electrification

Kia India targets 410,000 sales by 2030 with electrification
Kia targets 410,000 sales by 2030 as it doubles down on premium SUVs and electrification · financialexpress.com

Kia India wants to sell 410,000 vehicles in India by 2030.

It plans to add 10 models to its lineup.

Eight of those models will use electric, hybrid, or CNG technology.

Kia has factories capable of making 430,000 vehicles each year.

The company has not yet decided whether it needs bigger factories.

It has launched the Sorento, a large SUV with six- or seven-seat options.

The Sorento can use diesel or hybrid power.

Kia also wants to sell more cars overseas and make hybrid technology locally to reduce costs.

Key facts

2030 domestic sales target
410,000 vehicles
Planned new models
10 by 2030
Models with electrified or CNG powertrains
Eight of the 10 planned models
Current annual manufacturing capacity
430,000 vehicles in India
Sorento price range
₹27.99 lakh to ₹40.39 lakh
Sorento powertrains
2.2-litre diesel and 1.6-litre turbo-hybrid
Current export reach
Around 64 countries

Quotes

Atul Sood

Senior Vice President, Sales and Marketing, Kia India

“At this stage, we have adequate capacity. And we are very much on track to utilise that actually.”
financialexpress.com
“If you have to get hybrid technology at competitive prices, localisation is required.”
financialexpress.com

Sources

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