Kia plans $2 billion second India plant to boost output
The Anantapur plant is due to start production in early 2030 with an annual capacity of 200,000 vehicles.
South Korean automaker Kia plans to invest $2 billion in a second manufacturing plant in India, the national news agency Yonhap reported on Friday.
Kia India signed a memorandum of understanding with the government of Andhra Pradesh to build the facility in Anantapur, where the company already runs a plant that opened in 2019.
Production at the new site is scheduled to begin in early 2030, with an annual capacity of 200,000 vehicles.
Once the plant is running, Kia's total production capacity in India will exceed 600,000 vehicles a year, Kia said.
The company currently sells the Seltos, Sonet, Syros, Carens, Carens Clavis and Carnival in India.
The investment forms part of Hyundai Motor Group's broader efforts to strengthen its presence in India, which ranks as the world's third-largest automobile market after China and the United States.
In October, the Hyundai group announced plans to invest $15.5 billion in India between 2026 and 2032.
Hyundai Motor India has operated a manufacturing plant in Chennai since the late 1990s, and the group has been expanding its Indian operations over the years.
Carmakers have increasingly built production in India to serve its large domestic market and to supply other markets.
