Hyundai Motor Group to invest USD 15.5 Bn in India automotive ecosystem

Hyundai Motor Group announced a comprehensive investment strategy for India, committing USD 15.5 billion from 2026 through 2032. This initiative positions India as a core strategic market for the Group's future growth and expansion across emerging markets. The investment was discussed between Executive Chair Euisun Chung and Indian Prime Minister Narendra Modi. The seven-year investment will span manufacturing expansion, R&D infrastructure development, local supplier cultivation, and future technology innovation, fostering a comprehensive automotive industry ecosystem in India. A dedicated investment entity will be established in India to coordinate and execute these investments, including approximately USD 700 million for an R&D center and vehicle testing track. This aims to strengthen India's automotive sector, enhance global technology competitiveness, and bolster the nation as a global export hub.