Kia India to invest USD 2 billion in Andhra Pradesh plant
The new manufacturing facility is expected to create around 12,000 jobs and increase annual production capacity to 6.3 lakh vehicles.
Kia India will invest USD 2 billion to establish a new manufacturing facility in Andhra Pradesh, according to reports by Deccan Chronicle and The Economic Times. The expansion aims to increase the South Korean automaker's annual production capacity to 6.3 lakh vehicles.
Kia India Managing Director and Chief Executive Officer (CEO) Gwanggu Lee announced the project while speaking at the CII Partnership Summit on Thursday. Lee stated he was delighted to announce the expansion of the company's presence in Andhra Pradesh through the additional plant.
The project is expected to create approximately 12,000 jobs. The company has not disclosed a timeline for the investment or when the new capacity will become operational.
Kia India currently operates a manufacturing facility in Anantapur, Andhra Pradesh, which was set up in 2017. That existing plant has an annual manufacturing capacity of 4.30 lakh units.
In the financial year 2026, the automaker produced 3.17 lakh units. During that period, it dispatched 2.89 lakh units to the domestic market and exported 27,953 units.