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Andhra Pradesh likely to bag Rs 10,000-crore Kia project

Andhra Pradesh likely to bag Rs 10,000-crore Kia project

Monday, April 17, 2017, 7:03 AM

South Korea’s Kia Motors may put in as much as Rs.10,000 crore in one of the biggest FDI projects in India, with the Hyundai Motor unit selecting Andhra Pradesh for its maiden facility after two-year, four-state search in Asia’s third-largest car market. Hyundai Motor India, which is utilising about 90% of its capacity, may look at harnessing the Kia facility to ensure quicker ROI.
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