Kia Motors in final talks for first plant in India
Aug. 11, 2016
[THE INVESTOR] Kia Motors, an affiliate of Hyundai Motor, is finalizing its plans to build a new production plant in India, the fifth of its kind outside Korea. According to news reports on Aug. 11, the new plant, with an annual production capacity of some 300,000 vehicles, is expected to be located in the Indian state of Andhra Pradesh, some 80 kilometers from Hyundai’s two plants in Chennai, the capital city of Tamil Nadu. “Due to geographical proximity, it would be easy for the two carmakers