Korean automaker Kia Motors , which made its debut at the Auto Expo with a concept SUV made “for India ,” will be investing $2 billion in the India market by 2020 as it aims to garner 10% of its global sales.
Kia has already invested $1.1 billion in its plant , however , the company has big plans for the future. Han Woo Park , CEO & President , Kia Motors Corporation said , “Kia Motors has big plans for India and the company has already made significant investment in its plant in the country. I am happy to announce that the construction of the plant is one month ahead of schedule. We are making additional investments in India and Kia will spend a total of $2 billion in India by 2021. This investment will create more than 10,000 jobs”
Kia Motors India will soon start recruiting the 3000 employees needed to operate the plant. The company is currently in discussion with the Andhra Pradesh Government to start a joint training programme at the state Government level to develop the necessary manufacturing skills among local residents.
The company is now in discussions with the Andhra Pradesh government to start a joint training program at the state government level to develop the necessary manufacturing skills among local residents , it added.
It was in April 2017 , that Kia Motors entered with the Government of Andhra Pradesh to build a state-of-the-art facility which will see the first auto roll out of the assembly line in the second half of 2019. It will be the first product to go on sale in the country in the second half of next year.