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Korean car maker Kia Motors to pump in Rs 7,000 cr in India

Korean car maker Kia Motors to pump in Rs 7,000 cr in India

Korean small car maker Kia Motors plans to invest Rs.7,000 Cr.,in growing Indian car market.It will set up a manufacturing unit in Andhra Pradesh with an annual capacity of 300,000 units. Kia’s parent company Hyundai is the country’s 2nd-biggest car maker with a 17% market share.Construction of new manufacturing facility, will commence in last quarter of 2017 & to begin production in 2019.