x
  1. Home  »  
  2. Business

Kia Motors mulling over moving $1.1 billion plant out of Andhra Pradesh after policy changes

Kia Motors is discussing with Tamil Nadu the possibility of moving a 1.1 billion dollar plant

Shortpedia

Content Team
Image Credit: shortpedia

South Korea's Kia Motors is discussing with Tamil Nadu the possibility of moving a $1.1 billion plant out of neighbouring Andhra Pradesh only months after it fully opened, due to policy changes last year. This is the first plant of Kia in India that was opened in December. It has an annual capacity of some 300,000 units and created 12,000 direct and indirect jobs. The company is reportedly facing problems after policy change.


business