 "Kia Motors to pump Rs 7,000 cr for India ride")
Korean small car maker Kia Motors is ready for a ride in the fast-growing Indian car market with an investment of $1.1 billion (about Rs 7,000 crore). It will set up a manufacturing unit in Andhra Pradesh with an annual capacity of 300,000 units. Kia’s parent company Hyundai is the country’s second-biggest car maker with a 17 per cent market share.
Construction of the new manufacturing facility, Kia Motors’ first in India and representing an investment of $1.1 billion will commence in the final quarter of 2017 calendar year. The manufacturing facility is expected to begin production in the second
