Andhra gains ground in auto sector as TN wrestles with political turmoil

Kia Motors is in the advanced stages of finalising its plans in the state

Andhra Pradesh has set its eyes on attracting investments to the tune of $2 billion, especially from automobile makers. The development comes even as neighbouring Tamil Nadu, which is already a hub for the auto and auto-component industry, has been facing political instability.

For instance, Kia Motors, which is a part of the Hyundai Group, is in the advanced stages of finalising its plans in the state, while auto major Hero is expected to commence construction of its new factory in the state at a cost of around Rs 600 crore. An e-mail sent to Hero did not elicit any