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Kia Motors says to invest $1.1 bln to build first Indian factory
April 27, 2017 / 1:13 AM / 7 months ago

Kia Motors says to invest $1.1 bln to build first Indian factory

SEOUL, April 27 (Reuters) - South Korean carmaker Kia Motors Corp 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, 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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