NEW DELHI: Kia India giving a major boost to its
Andhra Pradesh manufacturing operations, with a $2 billion investment in a new plant. The proposed facility is expected to create around 12,000 jobs and take the South Korean automaker's annual production capacity to 6.3 lakh vehicles.
Kia India 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," he said.
However, the company has not specified when it plans to make the investment or when the additional production capacity will become operational.
Kia looks to ramp up production capacity to 6.3 lakh
Kia India currently has a manufacturing plant in Anantapur, Andhra Pradesh, which was set up in 2017. The facility has an annual production capacity of 4.30 lakh vehicles. The proposed new plant will increase the company's total annual capacity to 6.30 lakh units.
In financial year 2026, Kia India produced 3.17 lakh vehicles. Of these, 2.89 lakh units…