KIA Motors have revealed their plans to build a multi billion dollars car plant in India.
KIA revealed they will spend $1.1 billion to build a KIA Auto plant in the fifth word’s largest market, at state of Andhra Pradesh in South East India.
The auto industry said they had to take those measures to enable them cut down cost of production and avoid labor strife that has hampered output.
The KIA auto industry will be completed towards the end of 2019 and will manufacture up to 300,000 cars yearly.
KIA and its larger affiliate Hyundai Motor Group are the world’s fifth-largest auto company. Hyundai makes 650,000 vehicles in India a year, but without its own production line, Kia could not enter the market due to steep tariffs on imported cars.
The new plan will increase KIA’s overseas sale from 55% to 60%