New Delhi: Kia India will invest $2 billion to set up a new manufacturing facility in Andhra Pradesh, increasing the South Korean automaker's annual production capacity to more than 6 lakh vehicles.
"I am so delighted to announce the expansion of Kia's presence in Andhra Pradesh through the establishment of an additional manufacturing plant," said Gwanggu Lee, Managing Director and Chief Executive Officer of Kia India, while speaking at the Confederation of Indian Industry (CII) Partnership Summit on Thursday.
The project is expected to create around 12,000 jobs and increase Kia India's annual production capacity to 6.30 lakh vehicles.
Kia India already has a manufacturing facility in Anantapur, Andhra Pradesh, established in 2017, with an annual production capacity of 4.30 lakh units.
Lee did not specify a timeline for the investment or when the additional capacity would become operational.
In the financial year 2026, the automaker produced 3.17 lakh units. It dispatched 2.89 lakh units in the domestic market and exported 27,953 units.
