Vastavam web: The Korean automobile giant Kia Motors is all set to launch its first car, a SUV from its Anantapur plant on Tuesday. Kia Motors has created a record by commencing trial production in a record time of one year. The Kia greenfield car manufacturing plant will have an investment of over Rs 12,900 crore. Kia Motors along with the auto ancillaries from South Korea is one of the largest FDI that has been grounded in India in recent times.
The production volume will comprise 90 per cent domestic sales and 10 per cent exports. The Kia Motors will generate employment for 4,000 permanent employees and 7,000 temporary employees. AP is one of the first few states to proactively bring out a very dedicated automobile and auto components policy in 2015 through backward areas ultra-mega integrated automobile projects policy. AP is one among the first to bring a dedicated policy for promoting manufacturing and adoption of electric vehicles. AP has attracted committed investments of Rs 40,724 crore over the past 4.5 years in automobiles sector.