Key facts
- Hyundai Motor Group will invest $15.5 billion in India through 2032.
- The investment will expand manufacturing capacity, R&D, and local sourcing.
- The plan includes $700 million for the Indian R&D center, including a vehicle testing track.
- The investment aims to strengthen India's role as a production and export hub.
- Hyundai Motor Group employs over 24,000 people in India.
- The group has an annual vehicle manufacturing capacity of over 1.4 million units in India.
Hyundai Motor Group announced on Tuesday a significant investment of $15.5 billion in India, to be deployed between 2026 and 2032. The capital infusion is earmarked for expanding manufacturing capacity, bolstering research and development capabilities, enhancing local sourcing, and investing in future mobility technologies. This strategic move aims to position India as a key production and export hub for the South Korean automaker.
The investment plan was formalized following a meeting between Hyundai Motor Group executive chair Euisun Chung and Indian Prime Minister Narendra Modi in New Delhi on October 13, 2026. The seven-year program will see enhancements at Hyundai Motor India and Kia India facilities, development of R&D infrastructure including a vehicle testing track, and support for local suppliers and emerging mobility startups.
A dedicated investment entity is to be established in India to manage the deployment of capital and foster strategic partnerships. Beyond core manufacturing and R&D, the group plans to explore investments in areas such as electric vehicle charging infrastructure, specialized automotive financing, and end-of-life vehicle recycling.
Hyundai Motor Group currently operates with an annual vehicle manufacturing capacity exceeding 1.4 million units across its facilities in Chennai and Pune (Hyundai Motor India) and Anantapur (Kia India). The group employs over 24,000 individuals in the country and has expressed a long-term commitment to India, viewing it as one of its most important global markets.