Hyundai Motor Group to Invest USD 15.5 Bn in India Through 2032

Hyundai Motor Group said it will invest $15.5 billion in India from 2026 to 2032 after a meeting between Executive Chair Euisun Chung and Prime Minister Narendra Modi in New Delhi on October 13 The investment will be used to grow manufacturing, R&D infrastructure, local supplier development and future technology. The Group will establish a dedicated investment entity in India to coordinate and implement these investments and to identify local partners and suppliers.

Manufacturing: The Group is planning to increase capacity at Hyundai Motor India Limited and Kia India, with localization helping to drive volume growth and exports. It has an annual capacity of over 1.4 million units, comprising 824,000 units at Chennai, 170,000 at Pune (planned to be scaled up in phases) and 431,000 at Kia India’s Anantapur plant.

R&D: The Indian R&D center with its vehicle testing track will get about $700 million to create a complete R&D system and local talent based.

Supply chain: Strategic investment in regional partners to support parts localisation and supplier development.

Future mobility: The Group will be supporting high potential startups and new mobility services and will be looking at specialist automotive finance, EV charging and end of life vehicle recycling.

Hyundai Motor Group has over 24,000 people in India and the investment is expected to create jobs across the manufacturing, R&D, engineering and supply chain sectors. There will also be a vocational training institute (the Hyundai Academy for Technical Skills) in Chennai.

“India remains one of the most important and strategic markets for the Hyundai Motor Group on a global basis. This investment is a clear statement of our commitment to India for the next 30 years and beyond,” said Euisun Chung, Executive Chair of the Hyundai Motor Group.