South Korean auto major Kia Motors is not worried over the lack of policy for eco-friendly vehicles in India as it can quickly adapt from its existing global portfolio for the local market, according to a senior company official. The company feels that India will also eventually follow the global direction towards eco-friendly technologies led by electric vehicles (EVs). Kia has already announced plans to roll out electric and hybrid vehicles from its upcoming plant at Anantpur in Andhra Pradesh and is targeting to launch an electric vehicle in India by 2021. "Indian government policies are not clear at the moment. We don't know the future policy but seeing the global market circumstances, there is a big direction (towards EVs)," Kia Motors India CEO & Managing Director Kookhyun Shim told PTI. He said going forward the current powertrain of internal combustion engines would be replaced by eco-friendly technologies. "It is also true that we are considering our eco-friendly line-up
from Latest News https://ift.tt/2EjsjGt
https://ift.tt/eA8V8J https://ift.tt/2LUVdkd
Home
Business
Business News
Business Standard
Latest News
Lack of EV policy not to hamper eco-friendly vehicles' launch in India: Kia
Sunday, December 9, 2018
Related Posts:
Flipkart co-founder Sachin Bansal takes on ED over FEMA violation noticeED had issued a show cause notice to Flipkart, its founders, some inve… Read More
Barbeque Nation raises nearly Rs 100 cr via preferential issue of sharesThe company's stakeholder in its meeting approved an allotment of 11,7… Read More
Russia records 18,780 new coronavirus cases in last 24 hoursRussia recorded 18,780 new coronavirus cases in the last 24 hours, bri… Read More
Odisha records 41% jump in August GST collection to Rs 3,316.55 croreThe state collected Rs 16,977.92 crore GST in the current fiscal till … Read More
0 comments: