South-Korean automaker Kia Motors has scripted its India game plan.
It is bullish about its first product, a compact sportsutility vehicle (SUV) based on the SP Concept. It was showcased at the New Delhi Auto Expo 2018. The company will roll out its first car from its upcoming facility at Yerramanchi village in the Penugonda mandal of Anantapur district in Andhra Pradesh by mid- 2019. The plant covers an area of 23 million sqft and is expected to create about 3,000 jobs and produce 300,000 vehicles annually once it is fully operational. Construction of the facility began in mid-2017 with an investment of about $1.1 billion (around Rs 7,050 crore).
Han Woo Park, CEO and 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 a 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. I believe Kia will bring amazing change and hope to the State of Andhra Pradesh and entire India. We are here to build more than just great cars. We aim to set a new standard of automotive lifestyle experience by providing Indian consumers with world-class products and service, and to engage deeply with the Indian people and give back to the community whenever possible.”
Denne historien er fra March 2018-utgaven av Auto Components India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra March 2018-utgaven av Auto Components India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
NEW ZF TESTING LAB IN THE UK
ZF has opened a new testing lab in the UK. UK’s first dedicated 800V Test and Validation Laboratory is located at its R&D hub in Solihull.
CUMI RECEIVES TOT FROM DMRL
Carborundum Universal Limited (CUMI) receives Transfer of Technology (ToT) from Defence Metallurgical Research Laboratory (DMRL) to manufacture add-on composite armour for Wheeled Armoured Platform (WhAP) vehicles.
NEOLITE ZKW OPENS NEW PLANT IN PUNE
Neolite ZKW has opened a new eco-friendly manufacturing plant in Pune.
BRIDGING THE SKILL GAP
In an upfront interaction, Marcos Oliveira, President and CEO of lochpe-Maxion S.A. speaks about the upskilling initiative to bridge the skill gap and create a level playing field, with Upendra Kasbekar.
TECHNICAL EMPOWERMENT AT MAXION WHEELS
In an era where the need for skilled labour is more pressing than ever, initiatives focused on upskilling through industry-academia collaboration have become pivotal to national growth, writes
CROSS BORDER SOLUTIONS
In the automotive aftermarket, the push for digitisation has become essential for companies of all sizes seeking a competitive edge in global e-commerce
FRONT-ENGINE MULTIAXLE GARUD
Ashok Leyland has unveiled the Garud, a testament to advancements in bus chassis engineering featuring an innovative architecture and quality aggregates, writes Upendra Kasbekar.
VEERO CHASSIS AND UNDERPINNINGS
Mahindra Veero spotlights chassis innovations and robust underpinnings. The advancement in the underpinning is significant, writes .
POWERTRAINS AND THE EVOLVING AFTERMARKET
The 27th edition of Automechanika Frankfurt got underway, marking the return of the global automotive industry's largest B2B aftermarket trade fair. It underscored the powertrains and the evolving aftermarket,
HIGH PRECISION PRODUCTION
MR Components leverages intelligent automation to produce high-precision gear components monthly, optimising output with unmanned operations. In an upfront conversation, Alessandro Reguzzo, Founder and MD of the company shares the fundamental philosophy with Team
