Kia Plans $2B Investment for Second Plant in India

Kia and its suppliers plan to invest $2 billion to build a second manufacturing plant in Andhra Pradesh. Production at the new facility is expected to begin in early 2030 and create 12,000 jobs.

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FILE PHOTO: The logo of Kia Motors is seen on a wheel of its Carnival car at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020.

KIA CORP and its suppliers will invest $2 billion to build a second manufacturing plant in India, targeting production kickoff in early 2030. The expansion will create 12,000 direct and indirect jobs in Andhra Pradesh. The move aligns with global automakers ramping up investments to capture rising demand in the world's third-largest car market.