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Kia plans ~$2 billion plant to raise India annual capacity to 630,000 vehicles

Source: IT之家 Published: Business & Funding 中文
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Kia India will invest $2 billion to build a new manufacturing plant in Andhra Pradesh, pushing the Korean automaker's annual capacity past 600,000 units. The project is expected to create about 12,000 jobs and raise Kia India's annual capacity to 630,000 vehicles, the company's managing director and CEO 李光九 (Gwanggu Lee) announced at a CII partnership summit.

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Kia plans to invest about US$2 billion in a new plant, raising annual capacity in India to 630,000 vehicles

IT Home, November 12 news: According to Indian media PTI, Kia India will invest US$2 billion (IT Home note: about RMB 13.372 billion at current exchange rates) to build a new manufacturing plant in Andhra Pradesh, India, pushing the Korean automaker's annual capacity past 600,000 vehicles.

李光九 (Gwanggu Lee), Managing Director and CEO of Kia India, announced today while speaking at the Confederation of Indian Industry Partnership Summit that Kia will further expand its business footprint in Andhra Pradesh by building a new manufacturing plant.

It is understood that the project is expected to create about 12,000 jobs and raise Kia India's annual capacity to 630,000 vehicles.

IT Home notes that Hyundai Motor Group, to which Hyundai Motor and Kia belong, had a share of more than 19% of the Indian auto market last year.

  • "Hyundai Motor's new Indian plant goes into production: total annual capacity approaching 1 million vehicles, plans to invest US$15.5 billion in India by 2032"

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