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Kia India Private Limited is a subsidiary of Kia for its operations in India. The company was founded on 19 May 2017 [ 2 ] following an announcement of the construction of a new 536-acre manufacturing facility in Anantapuram District , Andhra Pradesh .
The Namyang Design Center, located in Hwaseong, South Korea, serves as Kia's primary design facility. [2] The facility, which is shared with parent company Hyundai, is located on over 3.3 million square meters of land and serves as the central hub for engineering work encompassing the entire design process, from pre-design studies, prototyping and extensive track testing, and full-scale wind ...
Kia has committed to investments of $1.1 billion to develop operations in India including investing in a network of over 250 customer touch-points that include service, sales and spares establishments. [55] On 31 July 2020, Kia crossed 100,000 car sales in India becoming the fastest car manufacturer to do so. [56] [57]
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Ayodhya land scam- On June 10, 2024, major media house Indian Express published an investigative article which found that after the 2019 Supreme Court verdict in favour of Ram Temple there was 30 per cent rise in the number of land transactions in at least 25 villages in Ayodhya and adjoining Gonda and Basti districts that fall within a radius ...
The Serious Fraud Investigation Office (SFIO) is a statutory agency in India tasked with investigating corporate fraud.It operates under the Ministry of Corporate Affairs, Government of India, with the mandate of detecting and prosecuting or recommending prosecution for white-collar crimes.
The Saradha Group financial scandal was a major political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds [1] [2] [3] in Eastern India.
The new Hyundai plant is 90 kilometres north of Kia Žilina Plant in Slovakia. It began manufacturing Kona Electric since March 2020 at the same production line with i30 and Tucson. [ 31 ] In 2022, HMMC made transition into eco-friendly factory according to the carbon-neutral plan and is being operated by electric power generated from renewable ...