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, sources close to the talks told Reuters. Kia inaugurated the Andhra plant, its first in the world's fifth-largest car market, in December after two years of construction. It has an annual capacity of some 300,000 units and created 12,000 direct and indirect jobs. However, Kia is now in talks with the nearby state of Tamil Nadu, home to many major autoparts suppliers, about ...
In pics: From Maruti to Tata, major cars unveiled at Auto Expo 2020
Auto Expo 2020 in pictures: Cars unveiled on Day 2
Kia in talks with TN over moving $1.1 bn plant out of Andhra: Report
Kia inaugurated the Andhra plant, its first in the world's fifth-largest car market, in December after two years of construction
Topics
Kia Motors Corp | Kia Motors | automobile manufacturer
Reuters |
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (reuters.com).