Hyundai Motor Group announced a comprehensive investment strategy for India on October 13, 2026, committing USD 15.5 billion from 2026 through 2032.

The initiative positions India as a strategic core market for the Group's future growth, emerging market expansion, and next-generation automotive innovation.

A Seven-Year Investment Plan Unveiled in New Delhi

The plan was discussed during a meeting between Indian Prime Minister Narendra Modi and Hyundai Motor Group Executive Chair Euisun Chung at the Prime Minister's Office in New Delhi.

The meeting reflected the Group's commitment to strengthening its presence in India and contributing to the nation's automotive sector growth, according to the company's announcement.

The seven-year investment spans manufacturing expansion, research and development infrastructure development, local supplier cultivation for parts localization, and future technology innovation, with the stated aim of fostering a comprehensive automotive industry ecosystem in India.

A Dedicated Investment Entity for Execution

To execute the large-scale initiative, Hyundai Motor Group will establish a dedicated investment entity in India. The entity will systematically coordinate and execute investments across R&D infrastructure, future technologies, and the broader automotive industry ecosystem.

It will also serve as a platform to identify outstanding local partners, support strategic partnerships, and foster collaboration with local suppliers. Executive Chair Euisun Chung said India remains one of the 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," Chung said, adding that the Group will create more employment opportunities and work with partners and stakeholders to support India's continued industrial development.

Manufacturing Expansion and Export Ambitions

The Group plans to expand manufacturing capacity across Hyundai Motor India Limited and Kia India Pvt. Limited to support significant volume growth while ensuring localization to meet India's market demands. The company stated that this expansion will position India as one of the leading global export platforms for the Group.

Hyundai Motor Group already has established production capacity of more than 1.4 million vehicles annually across India, according to the announcement. The company described India as one of the world's fastest-growing automotive markets and a critical platform for its mid-to-long-term strategy.

USD 700 Million for R&D and Technology Development

A key component of the investment is the establishment of a complete R&D system in India through infrastructure expansion and local talent cultivation. Approximately USD 700 million is planned for the Group's Indian R&D center, including its vehicle testing track.

Through this investment, the Group said it will accelerate next-generation automotive technology development and establish India as a core innovation hub, with a focus on strengthening technological competitiveness.

Local Supply Chain Resilience

The Group will strengthen India's local supply chain and support supplier development through strategic investments in regional partners.

According to the announcement, these partnerships are intended to enhance parts localization, identify excellent local suppliers, and build a stable, resilient supply-chain ecosystem across the Indian automotive industry.

Future Mobility and New Business Verticals

Hyundai Motor Group aims to lead India's future mobility ecosystem through strategic investments in emerging opportunities. This includes support for high-potential startups and expansion into new mobility services integrated with its core vehicle business.

The Group will also explore opportunities in new business verticals, including specialized automotive financing, EV charging infrastructure, and end-of-life vehicle recycling.

Employment and Economic Impact

Hyundai Motor Group currently employs more than 24,000 people across India. The company said the comprehensive investment is expected to create high-quality employment opportunities across manufacturing, R&D, engineering, and supply chain sectors.

Beyond direct job creation at Hyundai Motor Group facilities, the investment is expected to stimulate employment across the broader automotive ecosystem through supplier partnerships, technology development, and emerging mobility ventures.

The initiative is expected to contribute significantly to India's economic development while building a robust local talent pool in advanced automotive technologies, according to the company.

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