Kia to boost India plant capacity to 4.3 lakh units by mid-2024

06 Jul 2023 CW Team

Kia Motor India has commenced the next phase of its expansion in India and is presently in the process of increasing the plant capacity to 430,000 units. Currently operating at approximately 95-100% capacity, Kia anticipates that the Seltos facelift will contribute to the expansion of volumes in the domestic market and exports.

During the unveiling of the Seltos facelift, Tae Jin Park, Kia India's Managing Director and CEO, India, informed that the additional capacity, exceeding 350,000 units, will be established by the middle of 2024. Park stated, "The market growth is slowing down, and we plan to achieve a 10% growth in the current calendar year. We have high hopes that the new Seltos will generate increased volumes."

The Seltos SUV holds significant importance for Kia India. While facing intensifying competition, its sales have recently declined to approximately 5,000 to 6,000 units. However, with the introduction of the facelifted model, the company aims to surpass the 10,000-unit mark, thereby exceeding the market growth, which is expected to remain in single digits. The Seltos plays such a critical role for Kia that one out of every ten models sold globally bears this nameplate. In India, the SUV accounts for 33% of the overall segment.

Kia is pursuing a top-down strategy for its electric vehicle (EV) lineup in India. Additionally, the company intends to localize the EV6, which is currently imported in its entirety. Park stated, "We will launch the premium EV6 first, and then next year, we also aim to introduce the EV9, which will be positioned in the top-end category of EVs. We are currently exploring how we can establish a CKD (Completely Knocked Down) operation for the EV6."

Also read:
KEC bags new orders worth Rs 1,042 cr
15km pod taxi corridor in Noida up for grabs

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..