According to a report by leading auto magazine AutoCar India Kia Motors, a part of the Hyundai group, is stare the Indian market. In a report in a South Korean daily, Chosun Ilbo, the company says it wants to build a plant in India to produce 300,000 vehicles a year starting from 2012. "We're conducting a feasibility study to select a site for the plant near Chennai," a Kia spokesperson said. "Based on data from Hyundai Motor which entered the Indian market in 1998, we're estimating costs and time to build the plant, as well as examining demand forecasts and Hyundai's sales figures there," he added.
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