Hyundai Motor Group on Tuesday unveiled a massive $15.5-billion (₹1.47 lakh crore) investment plan for India spanning 2026 to 2032, cementing the country as a vital hub for its global expansion, emerging markets strategy, and next-generation mobility innovation.
The initiative was discussed during a meeting between the Prime Minister Narendra Modi and Hyundai Motor Group Executive Chair Euisun Chung, the company said.
“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,” Euisun Chung, Executive Chair, Hyundai Motor Group, said.
This outlay incorporates the ₹45,000-crore investment announced by Hyundai Motor Company (HMC) last October through 2030, sources told businessline. The allocation extends to group entity Kia India, specifically targeting R&D. It builds on the commitment made last year by HMC President and CEO Jose Munoz to introduce 26 new products, including hybrids and EVs.
“Through this investment, we will create more employment opportunities and work together with our partners and stakeholders to support India’s continued industrial development,” Chung said.
The group it will establish a dedicated investment entity in India to execute investments across R&D infrastructure, future technologies and the broader automotive industry ecosystem.
It will also serve as a platform to identify local partners, support strategic partnerships and foster collaboration with local suppliers.
Auto ecosystem
The group will build a comprehensive automotive ecosystem in key areas including expansion of manufacturing capacity across Hyundai Motor India (HMIL) and Kia India to support significant volume growth while ensuring localisation.
In its R&D centre here, the Group plans to invest $700 million including its vehicle testing track to establish India as a core innovation hub, it said.
The Group will also explore opportunities in new business verticals including specialised automotive financing, EV charging infrastructure, and end-of-life vehicle recycling.