KIA has officially declared its plans to enter India. While the company was known to be in talks regarding its entry to the Indian auto market, plans have finally been made official today. Under its plans of establishing in India, KIA is making an investment of Rs. 7,050 crore in a 536-acre manufacturing plant in Andhra Pradesh that will have capacity to churn out 3,00,000 units annually. The company also aims for complete localisation of its cars, and may initially share powertrain and chassis with Hyundai’s cars as many of their cars are built on the same platform.
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