Hyundai Motor Group To Invest ₹1.29 Lakh Crore In India By 2032

On October 13, 2026, Hyundai Motor Group announced a USD 15.5 billion (approximately ₹1.29 lakh crore) investment plan for India from 2026 to 2032, following a meeting with Indian Prime Minister Narendra Modi in New Delhi. The investments will focus on manufacturing expansion, research and development infrastructure, local supplier development, and future technology innovation. This strategy aims to create a comprehensive automotive industry ecosystem in India.

In September, Hyundai Motor India sold 77,916 units, marking a 10.8% year-over-year growth. To manage this large-scale investment, the group will establish a dedicated entity in India to coordinate investments across R&D, future technologies, and the automotive industry ecosystem. Hyundai Motor Group Executive Chair Euisun Chung emphasized India's importance as one of the group's key markets and reaffirmed the company's commitment to India for the next three decades.

The manufacturing expansion plans include expanding capacity across Hyundai Motor India Limited and Kia India Pvt. Limited to support volume growth and local production. A USD 700 million (around ₹5,830 crore) investment will be allocated to R&D infrastructure, featuring a vehicle testing track for next-generation automotive technology development.

The group will also strengthen its local supply chain and explore opportunities in new business verticals such as specialised automotive financing, EV charging infrastructure, and end-of-life vehicle recycling.

Currently, Hyundai Motor Group employs over 24,000 people in India and has an annual production capacity of more than 1.4 million vehicles across Chennai, Pune, and Anantapur. The investment is poised to generate high-quality employment opportunities in various sectors, stimulating employment across the broader automotive ecosystem.