Hyundai Motor Group on Oct. 13 announced a comprehensive investment strategy for India, committing $15.5 billion from 2026 through 2032.
The initiative positions India as a strategic core market for the Group’s future growth, emerging market expansion, and next-generation automotive innovation.
The initiative was discussed during a meeting between Indian Prime Minister Shri Narendra Modi Ji and Hyundai Motor Group Executive Chair Chung Eui-sun at the Prime Minister’s Office in New Delhi on Oct. 13, reflecting the Group’s commitment to strengthening its presence in India and contributing to the nation’s automotive sector growth.
The seven-year investment spans manufacturing expansion, research and development infrastructure development, local supplier cultivation for parts localization and future technology innovation - fostering a comprehensive automotive industry ecosystem in India.
To effectively execute this large-scale investment initiative, the Group will establish a dedicated investment entity in India.
The entity will systematically coordinate and execute investments across R&D infrastructure, future technologies and the broader automotive industry ecosystem.
Additionally, it will serve as a platform to identify outstanding local partners, support strategic partnerships and foster collaboration with excellent local suppliers.
“India remains one of Hyundai Motor Group’s most important and strategic markets globally.
The past 30 years have been defined by our commitment to India. This investment reaffirms our commitment to India for the next 30 years and beyond.
Through this investment, we will create more employment opportunities and work together with our partners and stakeholders to support India’s continued industrial development,” said Executive Chair Chung.
How Will Hyundai Motor Group Strengthen India’s Automotive Ecosystem?
The investment extends far beyond new facility development.
The Group will build a comprehensive automotive ecosystem in the following key areas:
The Group plans to expand manufacturing capacity across Hyundai Motor India Limited and Kia India Pvt. Limited to support significant volume growth while ensuring localization to meet India’s market demands.
This expansion will position India as one of the leading global export platforms for the Group.
The Group plans to establish a complete R&D system in India through infrastructure expansion and local talent cultivation.
A key focus is strengthening technological competitiveness through the Group’s Indian R&D center.
With approximately $700 million investment planned in the R&D center, including its vehicle testing track, the Group will accelerate next-generation automotive technology development and establish India as a core innovation hub.
The Group will strengthen local supply chain and support supplier development in India through strategic investments in regional partners.
These partnerships will enhance parts localization, identify excellent local suppliers and build a stable, resilient supply-chain ecosystem across the Indian automotive industry.
The Group aims to lead India’s future mobility ecosystem through strategic investments in emerging opportunities.
This includes support for high-potential startups and expansion into new mobility services integrated with its core vehicle business.
The Group will also explore opportunities in new business verticals including specialized automotive financing, EV charging infrastructure, and end-of-life vehicle recycling.
Hyundai Motor India Limited (HMIL) on Oct. 14 formally inaugurated new smart manufacturing facility in Talegaon, Pune, Maharashtra.
Marking 30 years of operations in India, the facility represents a strategic expansion of Hyundai Motor Group‘s manufacturing footprint and reinforces India as a core driver of its future growth.
The facility was inaugurated by Shri. Devendra Fadnavis, Chief Minister of Maharashtra in the presence of H.E; Mr. Seong-ho Lee, Ambassador of the Republic of Korea to India; Smt. Sunetra Ajit Pawar, Hon’ble Deputy Chief Minister of Maharashtra; Chung Eui-sun, Executive Chair - Hyundai Motor Group (HMG); Chang Jae-hoon, Vice Chair - HMG; Mr. José Muñoz, President & CEO - Hyundai Motor Company (HMC); and Mr. Tarun Garg, Managing Director & CEO - HMIL.
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