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Kia Motors to invest additional $54 million in Andhra Pradesh plant

Shortpedia

Content Team

Kia Motors Chief Executive Officer Kookhyun Shim has confirmed that Kia Motors India will be investing an additional amount of $54 million (approximately Rs. 408 crore) in its Anantpur manufacturing facility in Andhra Pradesh. Shim said that the investment will be made to scale up the manufacturing of SUVs in the state. The company is planning to generate more employment in the state. Over 85% of its employees are locals.