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)
This story has not been edited by Firstpost staff and is generated by auto-feed.
The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
Updated Date: Apr 27, 2017 01:18:18 IST