Kia India aims to double CKD exports by 2030; eyes Middle East, Africa markets

Kia India on Monday said it is eyeing markets in the Middle East and Africa as it aims to double the export of completely knocked down (CKD) units by 2030. To date, the automaker has exported one lakh units of CKD vehicles since it began shipments in June 2020 from its manufacturing facility at Anantapur in Andhra Pradesh.

Kia India is one of the key export hubs for the South Korea-based Kia corporation, accounting for 50 per cent of the its CKD exports worldwide.

In a statement, Kia India Chief Sales Officer Joonsu Cho said the automaker is grateful for the government’s export-friendly policies, which have played a crucial role in strengthening country’s position within the global automotive value chain.

“Looking ahead, we aim to expand our CKD footprint to the Middle East and Africa, to double our export volume by 2030,” he noted.

The company is looking to export over 38,000 CKD units across Uzbekistan, Ecuador, and Vietnam markets this year, the automaker said.

Growfast


Cumulatively, the company has exported 3.67 lakh units so far from the country.

Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Secular Times is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – seculartimes.com. The content will be deleted within 24 hours.

Leave a Comment