Kia India plans $2 billion plant in Andhra Pradesh
CEO Gwanggu Lee expects the proposed plant to create about 12,000 jobs and raise annual capacity from 430,000 to 630,000 vehicles.
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CEO Gwanggu Lee expects the proposed plant to create about 12,000 jobs and raise annual capacity from 430,000 to 630,000 vehicles.
Kia India plans to invest about $2 billion in an additional manufacturing plant in Andhra Pradesh, managing director and CEO Gwanggu Lee said. He expects the project to create about 12,000 jobs and raise the company’s annual production capacity from 430,000 to 630,000 vehicles.
The Indian unit of South Korean automaker Kia already manufactures vehicles at Anantapur in the state. Kia signed an agreement with the Andhra Pradesh government in 2017 and began mass production there in August 2019.
Lee announced the plan on 12 November at the Confederation of Indian Industry’s Partnership Summit in Visakhapatnam, CNA said. The existing plant makes the Seltos and Sonet models for buyers in India and export markets.
Kia has not specified when the proposed plant will be built or when production will begin.
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