Kia Motors to additionally invest $54 million in Andhra Pradesh
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, May 18, 2025
Yo Vizag
  • Magazine
  • News
  • People
  • Food & Drink
  • Entertainment
  • Lifestyle
  • More
    • Covid-19
      • Important Helpline Numbers
      • Hospitals in Vizag
      • Donate Plasma
    • Heritage
    • Travel
    • Beauty & Wellness
    • Behind The Name – Vizag
    • Buddhist Sites In Vizag
    • Places To See In Vizag
    • Religious Places
    • 6 must visit beaches in Visakhapatnam, Andhra Pradesh
    • Vintage Vizag
    • Visakhapatnam Pincode
    • Vizianagaram Pincode List
  • Join NowTelegram Channel
No Result
View All Result
  • Magazine
  • News
  • People
  • Food & Drink
  • Entertainment
  • Lifestyle
  • More
    • Covid-19
      • Important Helpline Numbers
      • Hospitals in Vizag
      • Donate Plasma
    • Heritage
    • Travel
    • Beauty & Wellness
    • Behind The Name – Vizag
    • Buddhist Sites In Vizag
    • Places To See In Vizag
    • Religious Places
    • 6 must visit beaches in Visakhapatnam, Andhra Pradesh
    • Vintage Vizag
    • Visakhapatnam Pincode
    • Vizianagaram Pincode List
  • Join NowTelegram Channel
No Result
View All Result
Yo Vizag
No Result
View All Result
Home News/City Updates

Kia Motors to additionally invest $54 million in Andhra Pradesh

28/05/2020
in News/City Updates
Reading Time: 2 mins read
0
Kia Motors to additionally invest $54 million in Andhra Pradesh

Screengrab

Share on FacebookShare on TwitterShare on WhatsappShare on TelegramShare on RedditShare on PinterestShare on Email

In a welcome sign for Andhra Pradesh, South Korean car manufacturer Kia Motors has decided to invest $54 million in the state with focus on their SUV cars. The announcement was made by Kia Motors India Chief Executive Officer & Managing Director Kookhyun Shim at the “Mana Palana-Mee Suchana “ program.

The Kia Motors manufacturing plant in Anantapur, Andhra Pradesh is one of the largest car factories in India. With its latest investment, Kia Motors plans to expand the existing plant in the state to manufacture Sports Utility Vehicles (SUVs), said the CEO. In his address, CEO Kookhyun Shim said that almost 85% of the jobs at the manufacturing unit are catered to Andhra Pradesh locals, thereby supporting the Chief Minister’s vision of generating employment through investments. The top officer also said that Kia Motors aims to be a model for future investments in the state.

You might also like

EKA Mobility to supply 750 electric buses in AP; 100 buses for Visakhapatnam

EKA Mobility gets contract for 750 electric buses in Andhra; 100 buses in Visakhapatnam

16/05/2025
Rs 899 cr approved by SIPB for Varun Hospitality project in Visakhapatnam

SIPB clears Rs 899 crore for Varun Hospitality in Visakhapatnam

16/05/2025

CM YS Jagan Mohan Reddy stated that the Andhra Pradesh government aims to support all new investors with skilled workforce, energy, land and water. Further, he added that Andhra Pradesh is a good investment for all companies seeking to expand their business, owing to the stable government, four ports and five airports. Seconding his thoughts, Kia Motors India CEO Shim stated that Andhra Pradesh has a strong advantage to progress as an industrial hub due to the availability of human resource and responsible authorities.

Kia Motors signed a Memorandum of Understanding (MOU) with the Andhra Pradesh government in April 2017. Their first plant was built on a 536-acre site in Penukonda, Anantapur District in Andhra Pradesh. The MoU stated that the plant would produce 3 lakh cars every year with an investment of $1.1 billion. The plant was built with an investment of Rs 12,900 crores, which made the unit one of the largest FDI grounded in India.

Tags: Andhra Pradeshandhra pradesh newskia motorsYS Jagan Mohan Reddy
Share814Tweet509SendShareSharePin184Send

Team Yo! Vizag

Related Posts

EKA Mobility to supply 750 electric buses in AP; 100 buses for Visakhapatnam
News/City Updates

EKA Mobility gets contract for 750 electric buses in Andhra; 100 buses in Visakhapatnam

16/05/2025
Rs 899 cr approved by SIPB for Varun Hospitality project in Visakhapatnam
News/City Updates

SIPB clears Rs 899 crore for Varun Hospitality in Visakhapatnam

16/05/2025
212 kgs of Marijuana Caught by Vizag Police
News/City Updates

212 kgs of Marijuana Caught by Vizag Police

15/05/2025
Metro Development
News/City Updates

Vizag and Vijayawada Metro projects to be Funded by International Banks?

15/05/2025

Discussion about this post

Popular Posts

  • 13 exciting releases today on OTT platforms to binge for solid entertainment this weekend

    13 exciting releases today on OTT platforms to binge for solid entertainment this weekend

    102381 shares
    Share 40952 Tweet 25595
  • 10 OTT releases today you must watch to keep yourself immersed in fun

    54745 shares
    Share 21898 Tweet 13686
  • 8 nerve-gripping Indian horror web series on OTT that guarantee chills

    40846 shares
    Share 16338 Tweet 10211
  • 7 exciting movies releasing on OTT this week of August to binge on a boring day

    40335 shares
    Share 16134 Tweet 10084
  • 8 brilliant Malayalam movies you must watch on Amazon Prime Video

    40282 shares
    Share 16112 Tweet 10070
Yo Vizag

Copyright © 2023. DSA Media Publications

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Vizag
No Result
View All Result
  • Magazine
  • News
  • People
  • Food & Drink
  • Entertainment
  • Lifestyle
  • More
    • Covid-19
      • Important Helpline Numbers
      • Hospitals in Vizag
      • Donate Plasma
    • Heritage
    • Travel
    • Beauty & Wellness
    • Behind The Name – Vizag
    • Buddhist Sites In Vizag
    • Places To See In Vizag
    • Religious Places
    • 6 must visit beaches in Visakhapatnam, Andhra Pradesh
    • Vintage Vizag
    • Visakhapatnam Pincode
    • Vizianagaram Pincode List
  • Join Now

Copyright © 2023. DSA Media Publications