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 ...
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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
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Kia Motors Corp | Kia Motors | automobile manufacturer
Reuters |
First Published: Wed, February 05 2020. 23:10 IST
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