Hyundai Motor Group to invest $15.5 bil. in India through 2032
Hyundai Motor Group will invest $15.5 billion in India from 2026 through 2032 to expand production capacity, strengthen research and development (R&D) and build a broader automotive industry ecosystem in one of its key growth markets. The group announced the seven-year investment plan following a meeting between Executive Chair Chung Euisun and Indian Prime Minister Narendra Modi in New Delhi on…
Hyundai Motor Group has announced a $15.5 billion investment in India from 2026 to 2032. The plan aims to expand production capacity, bolster research and development, and create a more robust automotive industry ecosystem in one of the company's key growth markets. The investment will encompass various aspects, including manufacturing expansion, R&D infrastructure, local supplier development, and emerging mobility businesses.
All these initiatives are set to strengthen India's role as a significant production and export base for the group.
Following a meeting between Hyundai Motor Group's Executive Chair Chung Eui-sun and Indian Prime Minister Narendra Modi in New Delhi, the investment plan was unveiled. The group intends to establish a dedicated entity in India to oversee investments in R&D, future technologies, and the broader automotive ecosystem. This entity will also be responsible for identifying local partners and fostering strategic cooperation with Indian suppliers.
Chung Eui-sun stated, "India remains one of Hyundai Motor Group’s most important and strategic markets globally. The past 30 years have been defined by our commitment to India. This investment is a testament to our continued dedication to the country and its automotive industry."
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Hyundai Motor Group to invest $15.5 bil. in India through 2032 koreatimes.co.kr
