Hyundai Motor Group announced a long-term investment strategy for India on Tuesday, committing $15.5 billion from 2026 through 2032. Executive Chair Euisun Chung discussed the plan with Prime Minister Narendra Modi in New Delhi on October 13.
The programme spans manufacturing expansion at Hyundai Motor India and Kia India, research and development infrastructure including about $700 million for the group’s Indian R&D centre and a vehicle testing track, local supplier development, and future mobility work covering EV charging, vehicle financing and recycling. The group will establish a dedicated investment entity in India to coordinate the spending and manage partnerships.
Current Indian capacity exceeds 1.4 million vehicles a year across Chennai (824,000 units), Pune (170,000) and Kia’s Anantapur plant (431,000), with Pune scheduled for phased increases. Hyundai also targets a local parts sourcing ratio above 90 percent by 2030, and has developed an electric three-wheeler prototype with TVS Motor aimed at commercialization by the end of next year.
The commitment follows a separate $5 billion India investment announced last year and sits alongside Suzuki’s roughly $8 billion programme through Maruti Suzuki and expansion plans from Toyota and Honda. The direction of travel is consistent: global carmakers are concentrating incremental capacity in India, the world’s third largest car market, and building the supplier base to export from it.