BIZ-KIA
Feb 7, 2020, 18:41 IST
Not moving out of Andhra Pradesh, says Kia Motors
Hyderabad, Feb 7 (): Kia Motors India on Friday deniedreports of moving its Andhra Pradesh plant to neighbouringTamil Nadu.
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The reports said Kia Motors was in talks with Tamil Nadugovernment to relocate its plant from Anantapur to theneighbouring state for a variety of reasons. The Korean auto-maker, in a statement, said the companyhas been receiving full support from the Andhra Pradeshgovernment under the leadership of Chief Minister YS JaganMohan Reddy.
Kia has a long-term commitment to the Indian market andhas made an investment of USD 1.1 billion in the manufacturingplant at Anantapur. We will continue to offer worldclass,made-in-Anantapur vehicles and innovative mobility experienceto our valuable customers in India..." Kia said. The facility in Anantapur, spread across 536 acres, has anannual capacity of three lakh vehicles. The plant can producehybrid and electric vehicles. GDKNVG NVG(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)