New Delhi: that Motors is expanding its India operations and will scale up the local Production You can increase the capacity by up to 40% by starting the third shift in your factory. The company plans to drive in new models, including a utility vehicle and possibly a hatchback, to capture more market share.
The company, which has sold over 3 lakh units since commencing operations in August 2019, witnessed the fastest rampup for any debutant. car Kia India Chief Sales and Business Strategy Officer Tae-Jin Park said the company plans to boost production at its Anantapur factory in Andhra Pradesh from 18,000 to around 25,000 units on a monthly basis.
“India is a strong bet for Kia globally and we will continue to invest for growth in the future, especially in enhancing our manufacturing capabilities. We have plans to start the third shift at our facility,” the park told TOI, outlining an aggressive expansion strategy.
The company – a group unit of Korean Hyundai – has already invested $1.1 billion in India operations, which swells to $2 billion if funds invested by its component suppliers and other partners are taken into account. .
When asked whether the company will start Rs 3 lakh. Will it set up a new factory or manufacturing setup? Capacity The target, he said, would be no hindrance to new investments and any further expansion at the existing location.
The company, which has sold over 3 lakh units since commencing operations in August 2019, witnessed the fastest rampup for any debutant. car Kia India Chief Sales and Business Strategy Officer Tae-Jin Park said the company plans to boost production at its Anantapur factory in Andhra Pradesh from 18,000 to around 25,000 units on a monthly basis.
“India is a strong bet for Kia globally and we will continue to invest for growth in the future, especially in enhancing our manufacturing capabilities. We have plans to start the third shift at our facility,” the park told TOI, outlining an aggressive expansion strategy.
The company – a group unit of Korean Hyundai – has already invested $1.1 billion in India operations, which swells to $2 billion if funds invested by its component suppliers and other partners are taken into account. .
When asked whether the company will start Rs 3 lakh. Will it set up a new factory or manufacturing setup? Capacity The target, he said, would be no hindrance to new investments and any further expansion at the existing location.
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