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Kia will boost its Indian manufacturing footprint with a USD 1.5 billion expansion at its Anantapur plant in Andhra Pradesh. The addition of a new production line will scale its annual output from three lakh to five lakh units, serving growing domestic demand and reinforcing its long-term growth strategy. The South Korean automaker is slated to formally announce the project at next week's Andhra Pradesh Investor Summit in Visakhapatnam.
News by Rahul Yelligetti.
