Korean Automotive Industry: New Thinking , New Possibilities

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

♦   Alpheon

♦   Proto Motors

♦   Daewoo Motors

♦   GM Daewoo

Kia Motors: 

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.

Passenger cars-

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.

Whereas Hyundai’s R&D centre in Hyderabad is one of their five global hubs whose future target is to invest over USD 1 Billion in India by 2020.
All material, information, data, images or content in this book is published and managed by Department of Industrial Policy & Promotion & Government of India. Crescendo Worldwide is not liable for any errors in the same.
Written By: Abhilasha Kumari
                       (Market Report & Research Analyst)
×