Mexican Media Brands
Kia Inks Deal to Build $1.1 Billion Assembly Plant in India
Kia Motors Corp. has signed a memorandum of understanding to open a $1.1 billion factory in Andhra Pradesh, India, in the second half of 2019.
Share
Kia Motors Corp. has signed a memorandum of understanding to open a $1.1 billion factory in Andhra Pradesh, India, in the second half of 2019. The project was reported two weeks ago by The Economic Times.
Located near Bangalore and an assembly plant operated by parent company Hyundai Motor Co., the factory will open with initial capacity to make 300,000 vehicles per year. Kia confirms the facility will make small sedans and compact SUVs for the domestic market.
Construction is scheduled to begin in the fourth quarter of 2017. The 536-acre site will house stamping, welding, painting and final assembly functions. Kia says several supplier company operations also will be located within the complex.
RELATED CONTENT
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
