Hyundai Motor India to invest $1.16 billion to expand capacity at Pune city plant

Hyundai Motor India has announced plans to invest $1.16 billion in expanding its Pune city manufacturing facility, aiming to boost annual production capacity by nearly 90% by 2030. This investment, disclosed on Wednesday, comes in the wake of the parent Hyundai Motor Group's commitment to inject $15.5 billion into India through 2032, with India emerging as a critical growth market for the world's third-largest automobile market.

The automaker intends to raise the plant's capacity from the current 170,000 units annually to 320,000 units, establishing a new production capacity of 1.14 million units annually by 2030, once the expansion is complete, alongside existing operations in Chennai city. Hyundai's project in Pune includes the installation of flexible production systems capable of supporting multiple models, ranging from conventional internal combustion engine vehicles to hybrid models.

Additionally, the company plans to integrate AI-driven operations, encompassing quality inspection and defect detection systems, to streamline its manufacturing processes.