Hyundai Motor Group bets $15.5 billion on India as global auto hub

Hyundai Motor Group has announced a $15.5 billion investment in India over the next decade, positioning the country as a vital engine for future growth. The South Korean automotive giant detailed its seven-year plan, which includes a $700 million allocation towards its Indian research and development hub, production capacity expansion, and the establishment of a dedicated investment entity.

As the world's third-largest car market, India has become an attractive destination for global automakers seeking to capitalize on increasing demand and bolster local manufacturing capabilities. Hyundai revealed last year that it would inject $5 billion into expanding its manufacturing and research operations in India. Japan's Suzuki Motor, the majority shareholder of India's largest carmaker by volume, Maruti Suzuki, also unveiled plans in 2025 to invest approximately $8 billion in the country.

Other major players like Toyota and Honda have also committed to bolstering their manufacturing ambitions in India. Hyundai Motor, which currently employs over 24,000 individuals in India, expressed confidence in the extensive investment.