Hyundai Motor Group to Invest $15.5 Billion in India in Seven Years
The seven-year plan includes about $700 million for research and development and a dedicated investment entity to support local partnerships and supply chains.
- On Tuesday, Hyundai Motor Group announced a $15.5 billion investment in India through 2032, following a meeting between Executive Chair Euisun Chung and Prime Minister Narendra Modi in New Delhi.
- Seeking to capitalize on India's position as the world's third-largest car market, The Group plans manufacturing expansion and local supplier partnerships, building on 30 years of commitment to the country.
- Annual production capacity exceeds 1.4 million vehicles across HMIL's Chennai facility, its Pune plant, and Kia India Pvt Ltd's Anantapur site, with approximately $700 million allocated for R&D infrastructure and testing track.
- Employing more than 24,000 people in India, the automaker expects this investment to generate high-quality jobs across manufacturing and engineering while exploring specialized financing, EV charging infrastructure, and recycling opportunities.
- Positioning India as a leading global export platform, The Group aims to accelerate next-generation automotive technology development and establish the country as a critical innovation hub for sustained regional growth.
13 Articles
13 Articles
Hyundai Motor Group to invest $15.5 billion in India in seven years
Hyundai Motor Group will invest $15.5 billion in India by 2032 to expand manufacturing operations and R&D capabilities. This investment aims to strengthen the local automotive ecosystem while fostering partnerships with local suppliers. Additionally, the group will establish a dedicated investment entity in India to coordinate these efforts. The comprehensive investment is expected to create numerous job opportunities across various sectors.
Hyundai Motor Group plans to invest over 20 trillion won in India by 2032 to expand its production facilities and R&D hubs. This strategy aims to develop India, the world's third-largest automotive market, into a key growth base. According to Hyundai Motor on the 14th, Hyundai Motor Group Chairman Chung Eui-sun met with Prime Minister Narendra Modi at the Prime Minister's Office in New Delhi on the 13th (local time) to discuss investment plans a…
Hyundai Motor to Invest $15.5 Billion in India Through 2032
(Jakarta=Yonhap News) Correspondent Son Hyun-kyu = Hyundai Motor Group plans to invest over 20 trillion won by 2032 to expand vehicle production facilities in India and research and development (R&...
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