Business · Companies · 2 hrs ago
Hyundai Motor Group plans $15.5 billion investment in India over seven years
Hyundai Motor Group chairman Euisun Chung met Prime Minister Narendra Modi in New Delhi on October 13.
Chung said the company plans to invest about $15.5 billion in India over seven years.
The group says its new Pune factory gives it annual production capacity of 1.4 million vehicles in the country.
Hyundai first entered India in 1996, and the group wants the country to serve as a major production base and market.
India is the world’s third-largest car market, and high import duties make local production important.
Last year, Hyundai and Kia sold a combined 852,164 vehicles in India, with an 18.7% market share.
Planned investments include factories, research, suppliers and new technology, and the group also plans to set up an investment company in India.
Hyundai Motor Group plans to invest $15.5 billion in India over seven years, through 2032.
The investment is intended to expand manufacturing, research and development, local supply chains and future technology work.
The group plans to invest about $700 million in its Indian R&D centre, including a vehicle testing track.
Hyundai and Kia plan to expand manufacturing capacity in India, which the group aims to develop as a global export platform.
The group says the investment will create employment, but has not provided a job total.
- Who
- Hyundai Motor Group, led by Executive Chair Euisun Chung.
- What
- The group plans to invest $15.5 billion in India over seven years, expanding manufacturing, R&D and other operations.
- When
- Announced on October 13, 2026; the investment plan runs through 2032.
- Where
- India, with a meeting between Chung and Prime Minister Narendra Modi held in New Delhi.
- Why
- To strengthen India as a strategic market, expand production and exports, and develop technology and local industry.
This story does not have two clearly opposing sides.
Hyundai Motor Group first entered India, according to Donga Ilbo.
Hyundai announced a separate $5 billion investment in India, according to Mint.
Chung met Modi in New Delhi, where the group’s $15.5 billion investment plan was discussed and announced.
The group plans to carry out the seven-year investment programme in India.
- Total planned investment
- $15.5 billion
- Investment period
- Seven years, through 2032
- Planned R&D centre investment
- About $700 million, including a vehicle testing track
- Current workforce in India
- More than 24,000 people
- Planned investment entity
- A dedicated entity in India to coordinate investments
4 sources
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What people are saying
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