Kia India is putting $2 billion into expanding its Anantapur plant in Andhra Pradesh, aiming to increase its annual production capacity to 620,000 vehicles.
Announced by Managing Director and CEO Gwanggu Lee at the CII Partnership Summit, this move strengthens Kia's presence in India's auto scene and shows the brand is betting big on the country.
Kia expansion to create 3,000 jobs
This expansion isn't just about making more cars: it's set to create 3,000 more jobs and already exports nearly 1.4 lakh vehicles from its Indian factories.
Lee highlighted the importance of collaboration between the government and private industry in establishing a competitive manufacturing ecosystem and that such partnerships could help develop a manufacturing base.
The investment also lines up with Andhra Pradesh's drive to attract big businesses and fuel economic growth in the region.