Kia India to invest USD 2 billion in new Andhra Pradesh plant
The new manufacturing facility is expected to create 12,000 jobs and increase total annual production capacity to over 6 lakh units.
Kia India and its supplier partners will invest USD 2 billion to establish a second manufacturing facility in Andhra Pradesh, according to reports by India Today, Telangana Today and The New Indian Express.
The proposed plant, located in Anantapur, will span 465 acres and is expected to generate approximately 12,000 direct and indirect jobs. Production at the new site is planned to begin in early 2030 and will include the manufacturing of internal combustion engine and electric vehicle models.
The expansion will add an annual capacity of 2 lakh units, bringing the company's total manufacturing capacity in India to over 6 lakh units. Kia India's existing Anantapur facility currently has an annual capacity of 4.3 lakh units.
Kia India Managing Director and CEO Gwanggu Lee said the new plant would allow the company to meet customer demand with more speed and flexibility. He noted that the facility would support the launch of new models across different powertrains and expand the company's Made-in-India footprint.
The company stated that its cumulative investment across both facilities, including those from suppliers, will reach USD 5 billion. The new plant's operations will involve assembly, painting, welding and stamping.