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  Business   Companies  08 Feb 2020  Not moving out of Andhra Pradesh, says Kia Motors

Not moving out of Andhra Pradesh, says Kia Motors

PTI
Published : Feb 8, 2020, 12:30 pm IST
Updated : Feb 8, 2020, 12:30 pm IST

Kia has a long-term commitment to the Indian market and has made an investment of USD 1.1 bn in the manufacturing plant at Anantapur.

The company has been receiving full support from the Andhra Pradesh government under the leadership of Chief Minister YS Jagan Mohan Reddy.
 The company has been receiving full support from the Andhra Pradesh government under the leadership of Chief Minister YS Jagan Mohan Reddy.

Hyderabad: Kia Motors India on Friday denied reports of moving its Andhra Pradesh plant to neighbouring Tamil Nadu.

The reports said Kia Motors was in talks with Tamil Nadu government to relocate its plant from Anantapur to the neighbouring state for a variety of reasons.

 

The Korean auto-maker, in a statement, said the company has been receiving full support from the Andhra Pradesh government under the leadership of Chief Minister YS Jagan Mohan Reddy.

Kia has a long-term commitment to the Indian market and has made an investment of USD 1.1 billion in the manufacturing plant at Anantapur. We will continue to offer worldclass, made-in-Anantapur vehicles and innovative mobility experience to our valuable customers in India..." Kia said.

The facility in Anantapur, spread across 536 acres, has an annual capacity of three lakh vehicles. The plant can produce hybrid and electric vehicles.

Tags: kia motors, andhra pradesh, manufacturing plant
Location: India, Telangana, Hyderabad