Kia and suppliers plan USD 2 billion investment in second Andhra Pradesh plant
The proposed Anantapur facility would add 2 lakh vehicles a year to Kia's installed capacity. The automaker is targeting production from early 2030.
Kia India and its suppliers plan to invest USD 2 billion in a second manufacturing facility in Anantapur, Andhra Pradesh. Kia announced the plan on November 12 after signing a memorandum of understanding with the state government.
The proposed plant would add 2 lakh units of annual installed capacity to the 4.3 lakh units Kia lists for its existing Anantapur facility. Together, the plants would have capacity of about 6.3 lakh vehicles a year once the expansion is in place.
Kia expects the project to cover 465 acres, including supplier land, and generate approximately 12,000 direct and indirect jobs. It is targeting the start of production in early 2030. Gwanggu Lee, managing director and CEO of Kia India, said the plant would support new models with both internal combustion and electric powertrains for domestic and export markets.
