Kia Motors says to invest $1.1 billion to build first Indian factory | Reuters

SEOUL South Korean carmaker Kia Motors Corp (000270.KS) said it plans to sign a deal on Thursday to invest about $1.1 billion to build its first factory in India.

Reuters April 27, 2017 01:18:18 IST
Kia Motors says to invest $1.1 billion to build first Indian factory
| Reuters

Kia Motors says to invest 11 billion to build first Indian factory
 Reuters

SEOUL South Korean carmaker Kia Motors Corp (000270.KS) said it plans to sign a deal on Thursday to invest about $1.1 billion to build its first factory in India.

Kia Motors, an affiliate of Hyundai Motor (005380.KS), said it plans to start production of the factory in Anantapur District in the state of Andhra Pradesh in the second half of 2019.

(Reporting by Hyunjoo Jin; Editing by Richard Pullin)

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