Kia to invest $2 bn in new Andhra plant, boost annual car production to 6.3 lakh

Kia India plans to invest $2 billion in a new manufacturing plant in Andhra Pradesh. This expansion aims to create approximately 12,000 jobs and increase annual production capacity to 6.3 lakh vehicles. The company currently operates a plant in Anantapur, which was established in 2017 and has a capacity of 4.30 lakh vehicles. Kia has exported over 4.1 lakh vehicles to nearly 100 countries, reinforcing India's manufacturing capability.