Despite auto slump, Kia Motors hits the gas on new car launches in India

MUMBAI : Kia Motors will continue with its ambitious product introduction plans for India, undeterred by the worst slump in sales in nearly two decades in the world’s fourth-largest automobile market. The South Korean automaker and the latest entrant to the Indian market plans to introduce half a dozen new vehicles over the next three years, said Kook Hyun Shim, chief executive officer and managing director of Kia Motors India. A key focus will be on the utility vehicle segment, which is largely dominated by Hyundai Motor India Ltd, Mahindra & Mahindra Ltd…

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