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Kia Motors to invest US$1.1 billion in India

By Niranjan Mudholkar,

Added 27 April 2017

Construction of Andhra Pradesh facility to commence in Q4 2017; mass production due to begin in 2019, with 300,000-unit annual capacity

Manufacturing in the fastest-growing major new car market
Construction of a new manufacturing facility in India will enable Kia to maintain its position as one of the world's fastest-growing automobile brands. The new facility in Anantapur will enable the company to start selling its models in India, and benefit from further sustainable sales growth, locally and internationally.

Kia plans to commence local sales of cars produced at the new facility towards the end of 2019, once mass production begins in Anantapur. Furthermore, the region's fast-developing supply chain network and skilled labor force were other key reasons for the new investment by Kia Motors.

India is the fastest growing major new car market and the fifth largest in the world, with more than 3.3 million new cars sold in 2016. Forecasts suggest the country will become the third-largest car market by the end of 2020.

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