Business · Companies · 2 hrs ago
Hyundai opens Pune plant as part of $15.5 billion India investment
Hyundai Motor Group has opened a new factory in Pune, western India, as it marks 30 years in the country.
The plant will initially make 170,000 vehicles a year, with capacity planned to rise to 320,000 by 2030.
Group chairman Euisun Chung said Hyundai plans to invest about $15.5 billion in India over seven years, in production, research, local parts and other areas.
The new factory will make the Venue SUV for Indian buyers and export markets, while Hyundai plans to shift its Chennai plant toward electric vehicle production.
India is a fast-growing car market, but Hyundai’s local sales fell 2.3% in the 2025 financial year, leaving it fourth behind Indian manufacturers Mahindra and Tata.
Hyundai also has a small share of India’s electric vehicle registrations, so it needs to grow sales and exports as production capacity expands.
The company says it will work with Indian firms on electric vehicles and batteries, while the plant’s planned capacity increases are due by 2028 and 2030.
Hyundai Motor Group opened its Pune plant in Talegaon, Maharashtra, on October 14, as it marked 30 years in India.
The group plans to invest about $15.5 billion in India over seven years, starting in 2026, in production, research and development, and local sourcing.
The new plant will initially have annual capacity of 170,000 vehicles, with plans to raise it to 320,000 by 2030.
Hyundai plans to use India as a manufacturing and export hub, shipping vehicles from Pune to more than 30 countries.
The investment comes as Hyundai faces weaker domestic sales and a small share of India’s electric-vehicle market.
- Who
- Hyundai Motor Group opened the plant. Group chair Euisun Chung attended the ceremony.
- What
- Hyundai opened its Pune plant and outlined about $15.5 billion in planned Indian investment over seven years.
- When
- October 14, 2026. Chung met Indian Prime Minister Narendra Modi the previous day.
- Where
- Talegaon, in Maharashtra state, western India.
- Why
- Hyundai aims to expand local production and research, increase local sourcing, and strengthen India’s role in its global sales and export strategy.
This story does not have two clearly opposing sides.
Chung met Prime Minister Narendra Modi in New Delhi and discussed investment plans.
Hyundai held the Pune plant’s opening ceremony in Talegaon, Maharashtra.
Hyundai plans to invest about $15.5 billion in India over seven years.
The Pune plant’s planned annual production capacity is set to rise to 250,000 vehicles.
The plant’s planned annual production capacity is set to reach 320,000 vehicles.
- Planned investment
- About $15.5 billion over seven years, starting in 2026
- Plant location
- Talegaon, Maharashtra, India
- Initial annual capacity
- 170,000 vehicles
- Planned capacity by 2030
- 320,000 vehicles
- First model
- All-new Venue small SUV
- Export destinations
- More than 30 countries
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What people are saying
The Indian market is growing rapidly and is also a very important market internationally.
The opening ceremony of the Pune plant will be a place where Hyundai opens a new chapter in India.
We want to continue investing not only in automobiles but also in other infrastructure and energy, and become a company that develops together with India.