Hyundai Motor Group to invest $15.5 billion in India by 2032
Hyundai Motor Group has announced a $15.5 billion investment in India over the next seven years to expand manufacturing, R&D, and local component production. The plan aims to establish India as a global automotive export hub.
Why it matters
This massive capital injection underscores India's increasing importance in the global automotive supply chain and the transition toward next-generation vehicle technologies.
Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032, expanding manufacturing capacity, research and development (R&D) infrastructure and localisation of components as it seeks to strengthen the country’s position as a global automotive hub.
The investment plan was discussed at a meeting between Prime Minister Narendra Modi and Hyundai Motor Group Executive Chair Euisun Chung at the Prime Minister’s Office in New Delhi on Tuesday.
The seven-year investment will span manufacturing expansion, future technology development, local supplier partnerships and infrastructure development, the South Korean automotive major said in a statement.
The Group plans to expand production capacity across Hyundai Motor India Ltd (HMIL) and Kia India Pvt Ltd to cater to rising demand and improve localisation. India will also be positioned as one of the Group’s leading global export platforms.
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