Kia India will invest USD 2 billion (approximately ₹17,700 crore) to establish a second manufacturing facility in Andhra Pradesh, taking its annual production capacity to 6.3 lakh vehicles from the existing 4.3 lakh units, according to a PTI report.
The investment was announced by Gwanggu Lee, managing director and CEO of Kia India, at the CII Partnership Summit on November 12. The proposed facility is expected to generate around 12,000 jobs. However, the company has not disclosed an investment timeline or the expected date of commencement of operations, PTI reported.
Kia India currently operates a manufacturing plant in Anantapur, Andhra Pradesh, which was established in 2017. The facility has an annual production capacity of 4.3 lakh vehicles.
Lee said the additional plant would increase Kia India's total annual manufacturing capacity to 630,000 vehicles.
In FY2026, Kia India produced 3.17 lakh vehicles. Of this, 2.89 lakh units were dispatched to the domestic market, while exports stood at 27,953 units, according to the PTI report.