Hyundai Motor India Inaugurates Pune Plant, Announces ₹11,000 Crore Investment

Mumbai seen Hyundai Motor India Limited (HMIL) formally opening its new manufacturing plant in Pune, Maharashtra, on Wednesday. The company disclosed a multi-phase investment of ₹11,000 crore for the facility. Current Capacity The Pune plant starts with an annual output of 170,000 units, with plans to boost this to 320,000 units by 2030.

Facility Features The plant boasts flexible production systems for both internal combustion engine (ICE) and hybrid vehicles. It also houses a shop capable of manufacturing 150,000 engines annually each year. Stock Reaction Hyundai's stock rose 2.4% following the announcement of a $15.5 billion investment plan through 2032. Global Impact HMIL has exported 40 lakh passenger vehicles from India since 1999, ranking it as the largest exporter of passenger vehicles in the country.

Domestic Sales Additionally, the company has sold approximately 100 lakh passenger vehicles domestically. Supplier Network Local suppliers, including 55 partners, have invested ₹4,600 crore in Maharashtra, generating over 18,000 jobs in the state. Notable Attendees The inauguration ceremony featured Maharashtra Chief Minister Devendra Fadnavis, Republic of Korea Ambassador to India Lee Seong-ho, Deputy Chief Minister Sunetra Ajit Pawar, Hyundai Motor Group Executive Chair Euisun Chung, and HMIL Managing Director and CEO Tarun Garg.

Future Plans Hyundai is actively researching and developing electrification and future mobility technologies, with nearly 40 projects focused on battery technologies. The company also highlighted its social impact, such as planting 10 lakh trees and training 150,000 individuals through skill development programs. Recognition The Pune plant earned the 2026 Red Dot Award for its people-centric workplace design, showcasing Hyundai's dedication to employee well-being and innovation.

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