Hyundai Motor Group to invest $15.5 bil. in India through 2032

Hyundai Motor Group will invest $15.5 billion in India from 2026 through 2032 to expand production capacity, strengthen research and development (R&D) and build a broader automotive industry ecosystem in one of its key growth markets. The group announced the seven-year investment plan following a meeting between Executive Chair Chung Euisun and Indian Prime Minister Narendra Modi in New Delhi on Tuesday (local time). The investment will cover manufacturing expansion, R&D infrastructure, local supplier development and emerging mobility businesses, with the aim of strengthening India's role as a major production and export base for the group. To coordinate the investment, Hyundai Motor Group plans to establish a dedicated entity in India. The entity will oversee investments in R&D, future technologies and the broader automotive ecosystem, while identifying local partners and supporting strategic cooperation with Indian suppliers. “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. Thi