Hyundai to invest $15.5 bn in India
Hyundai Motor Group announced a plan to invest $15.5 billion in India from 2026 through 2032, aiming to broaden manufacturing, research and local supply-chain capabilities.
The commitment was disclosed after Executive Chair Euisun Chung met Prime Minister Narendra Modi in New Delhi on October 13, according to a company statement.
The seven-year program will cover Hyundai Motor India Limited, Kia India and related parts of the automotive ecosystem, including emerging mobility technologies. It will also establish a dedicated investment entity to coordinate funding and partner selection.
About $700 million is set aside for an Indian R&D centre that will feature a vehicle-testing track, expanded research infrastructure and programs to develop local talent for next-generation automotive work.
The investment is expected to generate employment opportunities and support India’s industrial development.
Hyundai currently operates plants with a combined annual capacity of more than 1.4 million vehicles, spread across Chennai, Pune, and Anantapur. The company has phased expansion planned for Pune, which will increase its production capacity.
The company also intends to boost parts localisation by investing in regional suppliers. This move is designed to strengthen supply-chain resilience.
Future-mobility initiatives will support startups, explore automotive financing, develop electric-vehicle charging networks and address end-of-life vehicle recycling.
Hyundai’s Indian workforce exceeds 24,000 employees. As the investment rolls out, the group aims to generate additional jobs in manufacturing, engineering, research and supplier networks. This will contribute to the growth of the local economy.
By 2030, the automaker targets that women will comprise 20 percent of its executive workforce in India.
