India, Nov. 12 -- Kia India will invest USD 2 billion to set up a new manufacturing facility in Andhra Pradesh that will increase the South Korean automaker's annual production capacity to more than 6 lakh units.

"I am so delighted to announce the expansion of Kia's presence in Andhra Pradesh through the establishment of an additional manufacturing plant," said Gwanggu Lee, Managing Director and Chief Executive Officer of Kia India, while speaking at the CII Partnership Summit on Thursday.

This project is expected to create around 12,000 jobs and increase Kia India's annual production capacity to 630,000 vehicles.

Kia India already has a manufacturing facility in Anantapur, Andhra Pradesh, that it set up in 2017. It has an annual manuf...