Kia India Announces USD 2 Billion Investment in Andhra Pradesh, New Plant to Create 12,000 Jobs

Kia India is already manufacturing 4.3 lakh vehicles at Anantapur, Andhra Pradesh. Today they announced the expansion of the unit with 6.30 lakh more vehicles annually, with an investment of 2 billion dollars.

Kia to Invest $2 billion in Andhra Pradesh (Img: IANS)

New Delhi: South Korean carmaker Kia India will invest USD 2 billion to set up a new manufacturing facility in Andhra Pradesh that will increase the South Korean automaker's annual production capacity to more than 6 lakh units.

"I am so delighted to announce the expansion of Kia's presence in Andhra Pradesh through the establishment of an additional manufacturing plant", said Gwanggu Lee, Managing Director and Chief Executive Officer of Kia India, while speaking at the CII partnership summit on Thursday.

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Project To Create Around 12,000 Jobs

This project is expected to create around 12,000 jobs and increase Kia India's annual production capacity to 6,30,000 vehicles.

Kia India already has a manufacturing facility in Anantapur, Andhra Pradesh, that it set up in 2017. It has an annual manufacturing capacity of 4.30 lakh
vehicles.

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No Specific Timeline For Investment

Lee did not specify any timeline for the investment or by when the additional capacity would become operational.

In the financial year 2026, the automaker produced 3.17 lakh units. It dispatched 2.89 lakh units in the domestic market and exported 27,953
units.