Kia India plans a $2 billion second plant in Anantapur with supplier partners, adding 200,000 vehicles of annual capacity as the automaker targets production in early 2030.
The company said Nov. 12 it had signed a memorandum of understanding with Andhra Pradesh for the proposed facility. The site would cover 465 acres shared by Kia and its suppliers.
Kia lists annual capacity of 430,000 vehicles at its existing Anantapur plant and plans 200,000 at the proposed facility. Together, those figures imply combined annual capacity of 630,000 vehicles. Kia estimates the project could generate about 12,000 direct and indirect jobs, with no breakdown between the two types of roles.
The new facility is intended to produce models with internal-combustion and electric powertrains. Kia has not named the models. “India is central to Kia’s long-term growth ambitions,” said Gwanggu Lee, managing director and CEO of Kia India. Lee said the expansion would help the company meet customer demand and support new models across both powertrain types. Kia said it also intends to serve domestic and overseas markets.
Kia put initial investment at its existing Anantapur plant, including supplier investment, at $2.9 billion. It expects cumulative investment across both facilities to reach up to $5 billion. The company has not provided a construction start date; its stated production target for the proposed plant is early 2030.
