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| Hyundai India to use Kia Motor’s manufacturing plant | Writer | Admin | |||
|---|---|---|---|---|---|
Hyundai Motor India is considering a proposal to use the manufacturing plant of sister firm Kia Motors in Andhra Pradesh as the company’s plants in Tamil Nadu are being operated at a 100% capacity utilisation and it has no immediate plans to invest in setting up a new manufacturing facility, people aware of the development said.
Kia Motors has a 536-acre facility in Anantapur, Andhra Pradesh, with a production capacity of 3 lakh units per annum. The plant site has an additional space to ramp up production by another 1 lakh units. Hyundai’s two plants in Tamil Nadu has a total capacity of over 7.2 lakh units per annum. At the end of FY19, the company produced over 7.11 lakh units, with the utilisation nearing over 98%.
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