Hyundai Motor Group to invest $15.5 bil. in India through 2032

Hyundai Motor Group has announced a $15.5 billion investment in India over the next seven years, from 2026 to 2032, to bolster its production capacity and bolster its automotive sector in the country. This substantial commitment was revealed during a meeting between Hyundai's Executive Chair Chung Euisun and Indian Prime Minister Narendra Modi in New Delhi.

The investment package encompasses various aspects, including the expansion of manufacturing facilities, the establishment of R&D infrastructure, the strengthening of local supplier networks, and the development of emerging mobility businesses. The overarching goal of this strategic investment is to cement India's position as a crucial production and export hub for the Hyundai Motor Group.

To effectively manage this significant investment, Hyundai Motor Group intends to create a specialized subsidiary within the country. This entity will oversee the investment in R&D, future technologies, and the larger automotive ecosystem, while also identifying suitable local partners and fostering strategic collaborations with Indian suppliers.

Hyundai Motor Group emphasizes that India remains one of its most vital and strategic markets globally. The group's dedication to India has been unwavering for the past three decades, with this investment serving as a testament to their enduring commitment to the nation.