Hyderabad: Kia Motors India (KMI) on Wednesday announced the appointment of Kookhyun Shim as its Managing Director and Chief Executive Officer with immediate effect. Shim will be responsible for driving Kia Motors’ expansion in the Indian market. Kia’s future development for the Indian market includes an investment of $1.1 billion.
Han-Woo Park, President at Kia Motors Corporation, adds that “we’re delighted to announce the appointment of Kookhyun Shim as MD & CEO for India. We recognize India as a major market with huge potential for our world-class cars. We are confident that Shim’s leadership will provide the direction we need to grow our presence in what is one of the world’s biggest new car markets.”
Shim will lead Kia India’s operations as per the schedule in addition to overseeing the construction of first manufacturing facility in the country in Andhra Pradesh, according to a release. Shim said: “Kia has big plans for India. The Indian economy is at an inflection point and I am excited to work in an emerging market that’s expected to become the third largest globally by 2021.
India is a crucial market for all global automotive brands, and I aim to replicate the success that Kia has seen in many other major markets. Kia’s brand slogan, ‘The Power to Surprise,’ will be present in everything we do here.”