J.S.
Personal space would be part of his social interaction aspect in his IEP. It will definitely have to be addressed because as the children get older, it will become more important. When children like ours are teens and they happen to be physically affectionate (my daughter is not, she has an aversion to showing much physical affection due to her sensory processing issues) it can often be mistaken for being too physically aggressive or as sexual harassment.
So much of it is about reading social cues, but in kindergarten I think that ALL of the children are having this particular issue that you're having. The really physically affectionate children who are also bubbly and infectiously excited about being around other children just can't contain themselves while others are more cautious. I sincerely doubt it's about your son having ASD right now, you know? Not as a kindergartner.
What I might do is explain that some people don't hug as much in their families as in other families, or they don't hug their friends as much as they might hug their families. That means that when we're at school it's a good idea to ask friends for permission before giving hugs.
I say this because of the type of child my own autistic daughter is. Hugs are misery for her. I have to ask her for permission, and we've trained family and friends to ask her for permission too. Sometimes she says yes, sometimes she says no. The best is when she offers her own special alternative to a hug.