Kia and its suppliers to invest approximately $2 billion in second plant in India
South Korean Kia and its suppliers plan to invest approximately $2 billion in constructing a second plant in India, where they aim to start vehicle production in early 2030.
Kia India has signed a memorandum of understanding with the government of Andhra Pradesh state. The new facility will be located in the Anantapur district, where the company has been manufacturing vehicles since 2019.
The plant is designed to produce 200,000 vehicles annually. It is planned to assemble both internal combustion engine vehicles and electric vehicles. Following the launch of the facility, Kia's total production capacity in India will increase from 430,000 to 630,000 vehicles per year.
In October, Hyundai Motor Group, which includes Kia, announced plans to invest $15.5 billion in India between 2026 and 2032. The program covers production expansion, development of research infrastructure, and collaboration with local suppliers. India ranks third globally in terms of automotive market volume, following China and the United States.
