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Kia Motors will invest over ₹400 crores in Andhra Pradesh plant.

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In a move that will decidedly boost the ‘Make in India’ movement further, Kia Motors has announced that it will invest $54 million, about ₹410 crores, in its manufacturing facility in Andhra Pradesh. The investment, announced during day four of the state’s ‘Mana Palana Mee Suchana’ programme, will be used for the expansion of the South Korean carmaker’s factory in Ananthapuram, Andhra Pradesh. The company noted that with this fresh round of investment in the facility, Kia Motors India will firmly establish itself as a guide for other foreign companies that intend to invest in Andhra Pradesh.

Kookhyun Shim, Chief Executive Officer and Managing Director, Kia Motors India, said, “Kia was a big success in the Indian car market within 10 months of starting production. We are happy to share with you that we are going to make an additional investment of $54 million in the upcoming project despite the COVID-19 global pandemic.”

Shim added that among the total employment opportunities generated by Kia Motors India and its vendors, 85 per cent of them are Andhra Pradesh natives. This, he explained, has driven AP Chief Minister’s goal to create more employment opportunities by the means of investments.

This is, of course, not the company’s first investment in India — Kia has already invested roughly $1.1 billion, i.e. more than ₹8,140 crore, in its plant in Anantapur. This plant currently has a production capacity of 3 lakh units per annum. The capacity is expected to go up by about 1.5 lakh units with the new investment.

To some, the announcement may seem a tad surprising owing to the current financial climate across the globe. But it makes sense when you really think about it; the company has had a productive run in India so far. It started its innings here with the Kia Seltos and it didn’t take too long for the compact SUV to become a massive hit in the market and give the Hyundai Creta a run for its money. Then came the luxurious Carnival MPV. The next Kia car in India will be the Sonet sub-compact SUV; expected to be launched in India by September 2020, the Kia Sonet SUV will compete against cars such as the Hyundai Venue, Tata Nexon, Maruti Suzuki Vitara Brezza, Ford EcoSport, and Mahindra XUV300.

Automobile

To Know About Lamborghini’s New $3Mn Yacht,It’s like a Supercar.

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See Lamborghini on-road and wondered, Lamborghini has made it happen anyway.Lamborghini 63, collaboration between Automobile Lamborghini and yacht company The Italian Sea Group.It’s inspired by Lamborghini Sián  FKP 37 hyper car. It looks like incredible

Now 5 crazy things to know about this million-dollar luxury Yacht that looks straight out of a Sci-Fi movie:

1. Ultra-Light Weight:

The Tecnomar features a carbon-fiber construction which makes it an ultra-lightweight boat. It still weighs 24 tons and is 63-feet long.

2. Aesthetics:

The exterior of the yacht is also meant to capture the aesthetic of the Lamborghini Miura and Countach from the 60s and 70s. We’d say it’s a good mix of an OG design and a sci-fi look with sharp edges and neon lights.

3. Incredible Performance:

he yacht comes fitted with twin 24.2-liter MAN V-12 diesel, makes 2000 horsepower and 4794 lb-ft of torque. The yacht’s top speed is 60 knots, which translates to 69 mph. We’re essentially looking at a cruising speed of 47 mph. This is way faster than a standard yacht. It’s a Lambo, after all.

4. Super Expensive Fixtures:

The base price doesn’t cover everything, by the way. The price is going to shoot up as you start personalizing the interiors and go for, say, Gucci bathroom fixtures.

5. Pricing & Availability:

So, the Tecnomar for Lamborghini 63 starts at 3 million Euros, which is roughly around Rs 25 Crore. Lamborghini says the first boat will be available at the start of next year.

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