Kia Motors plans to invest in India

Posted on:28 Apr 2017 09:52:54
Kia Motors plans to invest in India
28 April 2017 Current Affairs:

  • South Korea’s Hyundai subsidiary Kia Motors has signed an MoU with Andhra Pradesh govt to set up its first car manufacturing plant in Anantanagar.

    •    Invested Amount -  $1.1 billion

    •    It will bring a compact sedan and a compact sports utility vehicle (SUV) to the market in 2019.

    •    India is the world's fifth biggest auto market.


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