Kia Motors Co. plans to invest $1.1 billion in India to build its first plant in the world’s fifth-largest auto market.
Kia’s new factory in the state of Andhra Pradesh in India’s southeast will be completed by late 2019 and produce up to 300,000 vehicles per year, the company said Thursday in a statement.
The maker of Optima sedan is considering making small cars and SUVs for the Indian market.
