The Automotive industry in South Korea is the sixth-largest in the world measured by automobile unit production and the fifth-largest by automobile export volume.
The industry manufactured numerous in-house models, demonstrating not only its capabilities in terms of design, performance, and technology but also signaling its coming of age.
Automobile manufacturers and products:
♦ General Motors Korea
♦ Hyundai Motor Company
♦ Kia Motors
♦ Renault Samsung Motors
♦ SsangYong Motor Company
♦ Tata Daewoo
♦ Asia Motors
♦ Proto Motors
♦ Daewoo Motors
♦ GM Daewoo
Kia Motor Corporation headquartered in Seoul, is South Korea’s second-largest automobile manufacturer, following the Hyundai Motor Company, with sales of over 3.3 million vehicles in 2015.
Kia, in turn, is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37% totaling more than $8.3 billion USD.
Kia Motors Group:
Amanti/Opirus Cadenza/K7 cee’d Forte/Cerato Morning/Picanto
Opirus/Amanti Rio Spectra/Cerato Visto
Kia Motors India: The company is planning to enter the Indian market between 2019 and 2022. Kia plans to offer 3 vehicles, including a mid-size SUV and a compact sedan.
The company is currently building a production facility on a Greenfield land in Anantapur district, Andhra Pradesh. The expected annual production capacity is 300,000 units.
Kia has committed investments to the tune of $2 billion to develop operations in India.
Hyundai operates the world’s largest integrated Automobile manufacturing facility:
The Hyundai Motor Company founded in 1967 is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea.
It is the 2nd largest Automobile manufacture in India is which Exports 150000+ ‘Made in India’ units to over 87 countries.