Kia India plans $1.5 billion investment in Andhra Pradesh to expand manufacturing operations
The Economic Times · Nidhi Sharma ·
The proposed investment is expected to significantly expand the company's manufacturing footprint at its Anantapur facility, where Kia currently has an installed annual production capacity of around 3 lakh units.
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The proposed investment is expected to significantly enhance the company’s manufacturing footprint at its Anantapur facility, where it currently has an installed annual capacity of around 300,000 cars, said people familiar with the matter. The expansion, including the addition of a new production line, could take the plant’s potential capacity to around 500,000 units, giving the company greater flexibility to accommodate new models and different powertrain combinations, the people said.
Kia is expected to formally announce its expansion plan at the Andhra Pradesh Investor Summit next week in Visakhapatnam. Though the proposal has been kept under wraps, the people said a formal memorandum of understanding (MoU) may be signed at the summit.
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