Kia To Invest Rs. 2,000 Crore In India To Make Electric Cars

A file photo of Kia's logo

Kia, a Korean carmaker, has announced that it will invest more than Rs. 2,000 crore in India to make electric cars and will also establish a battery manufacturing plant. This is in keeping with India’s emphasis on sustainable mobility.

According to the company, it will be driving a locally-built electric vehicle in 2025. Development work is currently underway in India and Korea. The company also plans to launch global electrics in various markets, to increase its green line-up.

The launch of EV6 at Rs 59. 95 lakh (ex-showroom), opened the doors to the Indian market.

Officials from the company claim that they would like to price the locally-built car at a competitive price, in line with buyers’ price expectations. Kia demands that government provides direct benefits for buyers when they purchase electric vehicles, as well as a stronger charging infrastructure.

Kia, a Hyundai Group company is following similar strategies as local Mahindra & Mahindra and Tata Motors when it comes to driving green cars. Hyundai also plans to produce electric models from both domestic and imported sources.

ALSO READ  IIT Jodhpur Researchers Develop New Method To Improve Electric Two-Wheeler Driving Comfort

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.