Kia to invest $2b in India to ramp up production

South Korean automaker Kia Corp. said Friday it plans to invest $2 billion in a second manufacturing plant in India to expand its production capacity in the growing automobile market. Kia India signed a memorandum of understanding with the government of Andhra Pradesh in southeastern India to build the plant in Anantapur, where it already operates a manufacturing facility built in 2019. The new plant, scheduled to begin production in early 2030, will have an annual capacity of 200,000 vehicles,

Source: The Korea Herald