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Kia’s Big India Bet: 4 Lakh Cars, 43% Electrified by 2030

As part of Plan S 2030, India will be the fastest-growing market for the South Korean specialists. The company expects India to account for almost 10% of its global sales by the turn of the decade.

By Ketan Thakkar & Saptarishi Mondal

11 Apr 2025

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Kia’s Big India Bet: 4 Lakh Cars, 43% Electrified by 2030

• India to grow fastest for Kia: 8.5% CAGR, 4L units by 2030
• 43% of India sales to be EVs/hybrids
• Kia’s global goal: 4.19M sales, $30.6B investment
• India to be key compact EV hub, capacity at 4.3L units

Kia Corporation has unveiled a sharpened version of its global growth roadmap—Plan S 2030—with India playing a key role in its volume and electrification targets. As part of the revised mid-to-long-term vision, the South Korean automaker targets 400,000 annual units from India by 2030, nearly 10% of its global 4.19-million-unit sales goal, while accelerating the local transition to ...

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