Kia puts $2 billion behind its India drive

Reuters Kia India will invest $2 billion in a new manufacturing facility in Andhra Pradesh, taking its annual production capacity to 6.3 lakh vehicles and creating around 12,000 jobs. The South Korean automaker's managing director and CEO, Gwanggu Lee, announced the expansion while speaking at the CII Partnership Summit on Thursday. "I am so delighted to announce the expansion of Kia's presence in Andhra Pradesh through the establishment of an additional manufacturing plant," Lee said. Kia India currently operates a manufacturing facility in Anantapur, Andhra Pradesh, which was established in 2017 and has an annual production capacity of 4.3 lakh units. The company has not disclosed a timeline for setting up the proposed plant or when the additional capacity is expected to become operational. Live Events In FY26, Kia India produced 3.17 lakh vehicles. Its domestic dispatches stood at 2.89 lakh units, while exports totalled 27,953 units. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel ) Read More News on Kia India Andhra Pradesh plant $2 billion investment manufacturing facility (Catch all the Business News , Breaking News and Latest News Updates on The Economic Times .) Subscribe to The Economic Times Prime and read the ET ePaper online. ... more less (You can now subscribe to our Economic Times WhatsApp channel ) Read More News on Kia India Andhra Pradesh plant $2 billion investment manufacturing facility (Catch all the Business News , Breaking News and Latest News Updates on The Economic Times .) Subscribe to The Economic Times Prime and read the ET ePaper online. ... more less