|
News: Headline News | CM to launch Kia Trail Production on 29th
Amaravati, Jan 28: The Korean automobile giant Kia motors set a record by commencing trial production in a record time of one year. Chief Minister N Chandrababu Naidu is going to launch the trial run of first car along with Kia MD Shim tomorrow on January 29th in the presence of South Korea Ambassador to India HE Shin Bongkil.
The Kia greenfield car manufacturing plant will have investment of over Rs 12900 cr. Kia motors along with the Auto Anciallaries from South Korea is one of the largest FDI that has been grounded in India in recent times. The plant will have initial installed capacity of 3 lakh vehicles per annum and may be further increased to 4 lakh vehicles. The production volume will comprise of 90 per cent domestic sales and ten per cent exports. The Kia motors will generate employment for 4000 permanent employees and 7000 temporary employees.
The Kia motors will also be collaborating with govt of AP for developing an ecosystem for electric vehicles.
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 presence of more than 100 auto component manufacturers. AP has attracted committed investments of Rs 40,724 cr over the past 4.5 years in automobiles sector.
With the presence of Kia motors and its ancillaries the entire region from Anantapur towards Bengaluru will be developed into a strong economic hub. The project will have a spin off effect on development of AP, especially Anantapur as an automobile hub.
News Posted: 28 January, 2019
| | Headline News | | Cash incentives of Rs 30,000 for third child, Rs 40,000 for fourth child | | | CM for development of North Andhra to witness reverse migration | | | Rajnath Singh, Chandrababu Naidu lay foundation for key defence projects in A.P. | | | Foundation to be laid for aerospace, defence project at Puttaparti on Friday | | | AP registers 6 percent growth in revenue | | | Citizens should act with 'My Nation-My Responsibility' spirit, says AP CM | | | Chandrababu to visit Delhi on Monday | | | Visakhapatnam to get 102-km semi ring road on Hyderabad model | | | Singapore's grievance model to strengthen Public Grievance Redressal System | | | 90 days action plan to adopt Singapore's best administrative practices | | | APIIC lands falling under Section 22A should be removed from the prohibited list | | | Reliance Industries to set up Rs 1,08,010 crore Data Center in Visakhapatnam | | | Centre notifies South Coast Railway Zone at Vizag; Operations from June 1 | | | Stage set for counting of votes in 4 States, Puducherry tomorrow | | | Chandrababu lays foundation for Google AI Data center | | | More Headline News... | | Entertainment | | Teja Chillara in Crown & Conflict | | | Riya Sen debuts Hollywood with Highway 905 | | | Prabhas as Salaar - Trailer | | | Kamal Haasan as Bharateeyudu 2 - An Intro | | | Pushpa 2 - The Rule Trailer | | | Katrina joins Rohit Shettys Cop Universe | | | Nitin Chandra to Promote Local Regions | | | Nani's Jersey confirms April 19 release | | | Mahesh Babu's Maharshi postponed | | | Chandamame Video Song from 118 | | | More Entertainment... | | Crime News | | Hyderabad woman dies in Texas shooting | | | 172 minors booked for driving | | | Eight killed in road accident in Nalgonda | | | Jayaram case shifted to Hyderabad Police | | | Action assured in Kamatipura Rape Case | | | Four persons commit suicide | | | Banker injured in firing | | | Rs 2K fake notes seized, six arrested | | | Two convicts escape from Warangal prison | | | 'Humiliation' drives two women to suicide | | | More Crime News... | | Special Stories | | Vijay Mohan appointed co-chairman of IATO AP chapter | | | AP to revive journalist awards: Media Academy Chairman | | | Seed festival showcases tribal biodiversity in Araku | | | Sanjeevini Old Seeds Festival on April 28, 29 in Araku | | | Akshay Sharma wins DP World Players Championship | | | Akshay Sharma, Dhruv share lead in round two at World Players golf meet | | | NBM Law College adjudged Best Affiliated College at AU centenary fete | | | Shubhankar establishes commanding lead in round three of Boulders Classic 2026 | | | Shubhankar Sharma takes two-shot lead at Boulders Classic 2026 | | | Boulders Classic 2026 gets under way | | | More Special Stories... |
|
|
|
| Advertisements |
|
|
|
|
| Advertisements |
|
|
 |
|
(C) 2000-2025 TeluguPeople.com, All Rights Reserved.
|
|
| |
