UPDATE 1-Hyundai Motor Group chief says considering third India factory
* No final decision, could be either a Hyundai or Kia plant
* Hyundai has plans for two China plants; Kia for Mexico factory
* New U.S. plant also under consideration
* Hyundai already has two plants in India, Kia has none
* Hyundai Motor is second-biggest automaker in India (Recasts and adds details)
SEOUL, May 19 (Reuters) - South Korea's Hyundai Motor Group said on Tuesday it is looking at building a third factory in India, highlighting its growing appetite for expanding globally after an unofficial two-year moratorium on boosting capacity.
The world's fifth-largest auto group, which is comprised of Hyundai Motor Co and its sister company Kia Motors Corp, already has several car plant projects underway. It signalled in early 2014 that it would expand again after spending about two years focusing on improving quality.
Hyundai has started to build one of two new factories planned for China and is considering a new plant in the United States, while Kia is building a factory in Mexico.
After meeting Indian Prime Minister Narendra Modi in Seoul, the group's chairman, Chung Mong-koo, told reporters that a new plant in India was under review, according to a Hyundai spokesman. Continuación...