Hyundai Motor Group will invest $15.5 billion in India from 2026 to 2032, saying the country is a strategic core market. The plan covers manufacturing, research, local suppliers and future technology.
01Summary
- 01Hyundai Motor Group said on Tuesday it plans to invest $15.5 billion in India between 2026 and 2032.
- 02Executive chair Euisun Chung said India is one of Hyundai's most important and strategic markets globally after meeting Prime Minister Narendra Modi.
- 03The seven-year plan includes manufacturing expansion, research and development infrastructure, local supplier cultivation and future technology innovation.
- 04Hyundai will set up a dedicated investment entity in India to carry out the spending.
- 05Hyundai is the third-largest car company in India and sold 247,980 passenger cars there between April and August this year.
02Why it matters
The investment underlines how important India is becoming to global carmakers and could support jobs, production and supplier networks. It also shows Hyundai is committing to the market for decades, not just the next few years.
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