Switch to: తెలుగు
Home Tags Kia motors

YCP MP humiliates Kia, writes bad on its first car

Telugu360
-
1
YCP MP humiliates Kia, writes bad on its first car

Kia continues to be in news for all wrong reasons ever since the change of government. The South Korean company put in Rs 12000 Cr and rolled out its first car. Instead of setting a right mood, Hindupuram YCP MP Gorantla Madhav humiliated and threatened Kia managers for apparently not giving him enough respect at the function. He didn’t stop at that and went on to write bad remarks on the hood of the car. Kia gave an empty hand to the local youths, he wrote.

Madhav even threatened to speak to CM Jaganmohan Reddy and ensure that action is taken against Kia for not giving due priority to the local youths. Since coming to power, YCP Anantapur district leaders are asking Kia to remove existing employees and recruit YCP activists in their place. They are also demanding all contracts for their firms.
Already, Jagan didn’t attend car roll out function just because Kia was brought to AP by Chandrababu Naidu. Jagan has been on a demolition spree against all those landmarks built in Naidu time. Industrialists are asking where is the guarantee that next government will not take revenge against YCP by not crippling all industries approved by Jagan now?

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

YCP threats to Kia Motors for jobs and contracts

Telugu360
-
1
YCP threats to Kia Motors for jobs and contracts

Kia Motors, a prestigious multi-national company in Anantapur district, is facing harassment from the YCP local leaders in the past two months. Company General Manager finally lost patience and filed a police complaint against the mandal level ruling party leaders. The GM personally met and narrated to Anantapur SP about the threats.

The YCP leaders main demands are for giving jobs to their party sympathisers in Kia factory and also to hire the lorries belonging to YCP leaders. Kia managers couldn’t fulfil their demands in view of the company’s prior commitments. Being a global corporate giant, Kia management wouldn’t simply succumb to political threats. It was only after intense lobbying and super incentives ordered by Chandrababu regime that Kia came to Anantapur district.

Threats to Kia GM became a topic of discussion in the business circles. They’re wondering why the district police are acting so late. Industry-related matters are so sensitive and Andhra is already facing a crisis in this aspect.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

Kia Motors doubles investment in Anantapur to 2 billion$

Telugu360
-
0
Kia Motors doubles investment in Anantapur to 2 billion$

Kia Motor Corporation, headquartered in Seoul, is South Korea’s second-largest automobile manufacturer, following the Hyundai Motor Company. It is known news that AP CM Chandra Babu Naidu announced his plans to make AP automobile hub. It was earlier announced by KIA Motors that it will be investing around 1 billion $ in AP but it seems now, KIA is making it even larger with the plans of doubling the investment. South Korean automobile giant Kia Motors said it would raise its total investment on the manufacturing unit coming up in Anantapur district to $2 billion by 2021 — almost double its initial budget of $1.1 billion. The venture will generate employment opportunities for over 3,000 people.

Chief Minister N Chandrababu Naidu said he wanted to make Kia’s only Indian plant the largest in the world. He evinced hope that the project would turn the drought-hit Anantapur region into a hub for automobile industries. The car maker’s main target group is domestic buyers, but also plans to export its vehicles. AP government allotted to Kia Motors, 536 acres of land for its main plant, 36 acres for a township and 11.20 acres for a training centre which it proposed to run jointly with the government to develop necessary manufacturing skills among local residents. MoU for this was signed in April 2017 itself.

Kia officials, on being asked the reason behind choosing Andhra Pradesh as their investment destination, said the AP government was “very eager to take us in and was offering more incentives than other states in the region”.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

Construction of KIA motors factory to commence from October-end

Naveena
-
0
Construction of KIA motors factory to commence from October-end

The construction works for KIA Motors factory at Penukonda in Anantapur is gaining pace, farmers, who gave away their lands are buoyant about their kin can secure employment. Even the local youth are hoping to secure employment at the Kia factory being setup with an investment of Rs 13500cr.

APIIC acquired 599 acres of which 535 have been handed over to the company which will be providing employment to about 40000 people. The remaining land will be used to construct roads and other amenities.

KIA representatives told The Hans India, that the construction work will start by October-end after L&T completes land development at cost of Rs 174 crore. The trial run of the unit would be in March 2018 and production starts from September 2019.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

Kia Motors in Anantapur will be akin to its US plant

Naveena
-
1
Kia Motors in Anantapur will be akin to its US plant

The design of the Korean auto-maker Kia Motors’ Indian arm in Anantapur of Andhra Pradesh has been reportedly defined. The design will be analogous to its plant in the United States. A team of business officials will soon visit the US to examine the plant in Georgia.

Apart from its headquarters in Seoul, the firm has the most attractive plant spread across 2200-acres in Georgia in North America. The plant started operations in February2010 and around ten thousand people are employed currently.

Kia informed the state government that it will build the Anantapur plant using the design and strategy of its US unit.

GoAP and Kia wanted to commence the construction of the plant in August. But due to the announcement of the Nandyal by-election schedule, the foundation stone laying ceremony is postponed.

The Korean firm informed the state government that around 150 industries subsidiary or allied industries will be reportedly coming from South Korea to AP. They are estimated to be spread across more than 200 acres of land. APIIC has already acquired the land for the subsidiaries.

It may be recalled that the South Korean company has announced an investment of Rs 13000Crore. GoAP signed a memorandum of understanding (MoU) Kia Motors to build a new manufacturing facility in Anantapur district.

GoAP allocated 587 acres of land at Erramanchi and Gudipalli villages in Penukonda Mandal. Through this plant, the firm will be providing 11000 direct and indirect employment opportunities.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

TN politicians asked bribe so Kia opted AP: Confession of Industrialist

Naveena
-
0
TN politicians asked bribe so Kia opted AP: Confession of Industrialist

Kia Motors Corporation signed a Memorandum of Understanding (MoU) with Andhra Pradesh government last week for setting up a car manufacturing plant in Anantapur district. It was contemplating on Tamil Nadu, Gujarat and Sri City in AP as possible locations. With the incentives given by the AP state government, it picked Anantapur. On the contrary, a facebook post is doing rounds in social media alleging that Tamil Nadu politicians asked huge amount of bribe to allow Kia Motors enter their state. Kannan Ramasamy whose profile indicates him as managing director at Infratech Infrastructure Services of Chennai wrote the following post where he gives further details –

“I am writing this post with pain in my heart and I am really scared where TN will go if this situation continues.

South Korea based Automobile Manufacturer Kia Motors, a subsidiary company of Hyundai wanted to start their manufacturing plant in India to make compact Sedans and compact SUVs.

As part of their local consultants, our team made a detailed study and recommended Tamil Nadu as first choice, Gujarat as the second choice and Sri City (AP) as third choice.

They approached TN Industries Secretary & SIPCOT and SIPCOT has enough lands to give at Oragadam Complex.

The TN politicians demanded 50% more than the official cost of the land as bribe.

Kia demanded Tax Holiday and Power Tariff Concessions and the connected infrastructure like Roads, water, drainage, fast track approvals etc.

They wanted a very huge bribe for the same apart from the land.

We had also arranged a huge array of more than 70 Ancillary units (From S.Korea and India) who have to start their production for the supply to Kia to have their plants nearby.

Unfortunately Kia Management has decided to move to AP (not to Sri City) – Anantapur District which is a dry and under developed area.

AP CM CBN could convince them with lots of concessions to bring them to Anantapur District. He has also promised 200 ft highway roads to connect the plant to Bengaluru Mumbai / Bengaluru Hyderabad Highway.

Our team spent more than 2 years and extended very hard work to convince them to come to Tamil Nadu and local Hyundai team also extended all the help locally for logistics etc.

If the TN Govt continues like this, then TN will be relegated to back bench very soon.

Though I was against President Rule concept earlier, now I am feeling that 6 months of President Rule in TN is the bitter medicine that is required to treat the chronic illness called High Level Corruption.

TN has not only lost the 1.1. Billion USD from Kia but also the allied ancillary investments of more than the Kia figure.

More than that, huge employment opportunity is lost for the TN Youth and auto professionals.

I hang my head in shame.

Let God help TN to spring back.”

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

Kia Motors’ car plant to come up in Andhra

Telugu360
-
0
Kia Motors’ car plant to come up in Andhra

South Korean auto major Kia Motors will set up a car manufacturing plant in Andhra Pradesh with an investment of $1.1 billion.

The plant to come up in Penugonda in Anantapur district will produce 3 lakh cars in a year. The work on the facility will start towards the end of this year while the production is expected to commence in the second half of 2019.

The company on Thursday signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government in the presence of Chief Minister N. Chandrababu Naidu..

“Kia plans to produce a strategic compact sedan and compact SUV especially for the Indian market at the new plant, which will occupy around 23 million square feet and incorporate facilities for stamping, welding, painting and assembly. The site will also be home to numerous supplier companies’ facilities,” said a company statement.

The state government has allotted 600 acres of land for the plant, which will provide direct employment to 10,000 people.

“It will enable us to sell cars in the world’s fifth largest market, while providing greater flexibility for our global business. Worldwide demand for Kia cars is growing and this is our latest step towards becoming a leading global car manufacturer,” said Han-Woo Park, President of Kia Motors.

The company said construction of a new manufacturing facility in India will enable it to maintain its position as one of the world’s fastest-growing automobile brands. With this the company will start selling its models in India, and benefit from further sustainable sales growth, locally and internationally.

India is the fastest growing major new car market and the fifth largest in the world, with more than 3.3 million new cars sold in 2016. Forecasts suggest the country will become the third-largest car market by the end of 2020, it added.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

10000 crore Kia motors unit likely in Anantapur

Naveena
-
0
10000 crore Kia motors unit likely in Anantapur

In a first of its kind investment, Andhra Pradesh will have a car manufacturing facility in Anantapur. South Korea’s Kia motors, for its first plant in India is likely to invest 10300 crore rupees.

Though there is no official announcement yet, the business-friendly government of AP is initiating land acquisition. In the first phase, rupees 6000 crores will be invested for the plant which is likely to have a manufacturing capacity of three lakh units per annum.

AP government issued orders to acquire close to 600 acres of land in Erramanchi village near Penukonda, though they did not mention the purpose. The government has fixed price of Rs 10.5 lakh per acre as the acquisition cost. The unit is in proximity to Bengaluru and is likely to create jobs to the drought affected region.

Kia was contemplating on locations in Gujarat and Uttarakhand apart from AP. With the incentives given by the AP state government, it seems to have finalised the decision, but is yet to ink the pact.

This is one of the biggest foreign direct investments in the country and is a huge step from the government to convert the southern AP as an automobile hub.

Kia motors is a sister unit of Hundayi motors which already has plants in India. The logistics research discussions between the two units have been allegedly initiated.

The company may probably have a portfolio of cars, including hatchback, sedan, and SUV. The first car will be out in the market in 2019.

Kia Motor Corporation, headquartered in Seoul, is South Korea’s second-largest automobile manufacturer, following the Hyundai Motor Company.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

TRENDING

Latest

css.php
[X] Close
[X] Close