Business · Companies · 2 hrs ago
Stellantis, Hyundai and Suzuki step up investment in India
Stellantis, Hyundai and Suzuki are increasing investment in India, the world’s third-largest car market.
Their plans come as foreign brands face growing competition from domestic automakers.
Tata Motors and Mahindra & Mahindra have gained market share, while Hyundai, Honda and Renault have lost ground in recent years.
Suzuki has outlined ₹77,500 crore in investment, Hyundai has committed about ₹1.48 trillion, and Stellantis has pledged another ₹4,000 crore.
Stellantis plans 12 new or refreshed models over three years, with the first due in the second quarter of 2027.
The company also aims to expand local engineering and manufacturing, and export India-built vehicles to more than 50 countries.
Stellantis, Hyundai and Suzuki have announced major investment commitments in India.
The investments aim to expand local manufacturing, product development and exports as foreign automakers seek to grow in the market.
The push comes as domestic rivals Tata Motors and Mahindra & Mahindra have gained passenger vehicle market share.
Stellantis committed an additional ₹4,000 crore over three years, taking its cumulative India investment to ₹15,000 crore.
Hyundai committed about ₹1.48 trillion over five to seven years, while Suzuki outlined a ₹77,500 crore investment plan in August.
- Who
- Stellantis, Hyundai Motor Group and Suzuki Motor Corp.
- What
- The automakers announced major investment commitments in India.
- When
- Suzuki outlined its plan in August; Hyundai committed funds this week; Stellantis announced its additional investment in recent months.
- Where
- India.
- Why
- They are seeking growth in the market and aiming to counter gains by domestic rivals, including Tata Motors and Mahindra & Mahindra.
This story does not have two clearly opposing sides.
Suzuki outlined a ₹77,500 crore investment plan in India.
Hyundai committed about ₹1.48 trillion to India over the next five to seven years.
Stellantis announced an additional ₹4,000 crore investment over the next three years.
- Stellantis additional investment
- ₹4,000 crore over three years
- Stellantis cumulative India investment
- ₹15,000 crore
- Hyundai commitment
- About ₹1.48 trillion over five to seven years
- Suzuki plan
- ₹77,500 crore
- Stellantis planned products
- 12 over three years: seven new nameplates and five refreshed models
What people are saying
India is the key market to grow where we want to remain invested in and the second objective is to use the capabilities as a base for Asia Pacific and for the world
Our aspiration is ... that we want to move from 48 months to 24 months as a product development