Kia needs Indian factory to offset weakness in Russia and China, says CEO

But no current plan to build a new factory in India.

Kia Motors' chief executive has stated that the brand needs a manufacturing presence in India to offset sluggish sales in emerging markets including Russia and China. "While growth in Russia or China is stagnating, India is where Kia will ultimately make a leap forward," Kia CEO Park Han-woo was quoted as saying by the Dong-A Ilbo newspaper. Han-woo has previously served as head of Hyundai Motor's Indian unit. When contacted, a Kia spokesperson said the company had "no current plan to build a new factory in India or enter the market".