Hyundai Motor Group to invest $15.5 billion in India through 2032

Centre · 1Hyundai Motor Group said on Tuesday 13 October that it would invest $15.5 billion in India through 2032, calling the world's third-largest car market a key driver of future growth. 1 2 Centre · 1The seven-year plan, covering 2026 to 2032, includes a dedicated investment entity in India and spans manufacturing expansion, research and development infrastructure and local supply chains. 2 1 Centre · 1About $700 million is earmarked for the Indian research and development centre, including a vehicle testing track, to develop next-generation automotive technologies. 2

Centre · 1The company said the plan would expand manufacturing capacity at Hyundai Motor India and Kia India to support significant volume growth, and would create additional jobs across manufacturing, research, engineering and supply chains. It did not give a number; the group employs more than 24,000 people in India. 1 2 Centre · 1The announcement followed a meeting in New Delhi between Hyundai Motor Group Executive Chair Euisun Chung and Indian Prime Minister Narendra Modi. 1 Centre · 1The group's current annual production capacity in India is more than 1.4 million vehicles: 824,000 units at Hyundai's Chennai facilities, 170,000 at its Pune plant and 431,000 at Kia's Anantapur facility. 2

Centre · 1CNA placed the pledge among a wave of investment by carmakers: Hyundai said last year it would invest $5 billion in India, Suzuki Motor, majority owner of Maruti Suzuki, laid out about $8 billion in plans in 2025, and Toyota and Honda have also committed to expanding manufacturing there. 1 Centre · 1In a feature published on 16 October, Newsweek quoted Chung as calling India "one of our most strategic markets globally" and saying the group plans to invest in infrastructure such as energy and to work with local companies on electric vehicles and batteries. 3 Centre · 1Newsweek said Hyundai Motor India was incorporated in 1996 and launched the Santro in 1998, promoted by the actor Shah Rukh Khan. It said the company invested some $4.3 billion in its first three decades, and that domestic sales have reached nearly 10 million vehicles and total sales over 13.5 million including exports to 150 countries. 3

Centre · 1Nivruti Rai, managing director and CEO of Invest India, told Newsweek the story shows India's ability to turn foreign investment into manufacturing scale. She cited 82% localization, more than 1,400 Indian suppliers and a target of 90% local content by 2030, and said India must move toward owning advanced technology. 3 Centre · 1Newsweek also noted that competition is intensifying. On September 2026 sales figures Hyundai ranks fourth in India behind Maruti Suzuki, Tata Motors and Mahindra, or second when Kia is included. It added that US-India tariff and trade talks matter to Hyundai, which has operations in both countries. 3