Kia to invest Rs 400 crore in india to expand operations



Who doesn't know kia automobile company, Which started with seltos and created panic in Indian market.Kia created a distinct segment in the Indian car market. After getting good response in India, Kia Motors India has announced that it will invest  $54 million (Rs 400 crore) in Andhra Pradesh, in its manufacturing plant at Anantapur.


The announcement was made by Kookhyun Shim, CEO and MD, Kia Motors India at the Andhra Pradesh.”We are happy to share that we will make an additional investment of $54 million for our upcoming project despite the Covid-19 pandemic”- he said.


Kia, after selling its sales  Seltos SUV and  upmarket Carnival MPV, has new aggressive product strategy for india.


Kia is planning to launch sonet the compact SUV in india.This will be the rival to Hyundai Venue, Tata Nexon, Ford EcoSport, Mahindra XUV300  and Maruti Suzuki Vitara Brezza, an estimated ex-showroom price of Rs 7-12 lakh.Kia  has already invested around $1.1 billion in its Anantapur plant, which has an existing production capacity of 3 lakh units per annum. 

Previous
Next Post »