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

Hyundai Motor Group India investment automotive manufacturing electric vehicles Euisun Chung

Hyundai Motor Group has announced a major $15.5 billion investment plan in India scheduled between 2026 and 2032. The initiative, discussed during a meeting between Executive Chair Euisun Chung and Prime Minister Narendra Modi in New Delhi, aims to transform India into a global manufacturing and export hub for the group.

The investment will focus on expanding production capacity at Hyundai and Kia facilities, strengthening research and development (R&D) infrastructure, and cultivating local supply chains. To manage this large-scale capital allocation, the group will establish a dedicated investment entity in India to coordinate R&D, future technologies, and ecosystem development.

Key components of the strategy include: - Expanding the Pune plant's capacity to 320,000 units by 2030. - Allocating approximately $700 million to an Indian R&D center, including a vehicle testing track. - Introducing 26 new models and updates by 2030, with a focus on electric vehicles and hybrids. - Achieving a 90% localization rate for parts by 2030.

Hyundai Motor Group currently employs over 24,000 people in India and maintains an annual production capacity exceeding 1.4 million vehicles. The group also plans to commercialize an electric three-wheeler, developed in collaboration with TVS Motor Company, by late 2027.

Entities

Euisun Chung · Hyundai Motor Group · India · Kia · Kia India · Narendra Modi

Claims

What the coverage asserts, and how many sources carry each claim.

[● 5 SOURCES] Hyundai Motor Group currently employs more than 24,000 people in India. evertiq.com · www.politika.rs · www.spacemoney.com.br · news.az
[● 15 SOURCES] Hyundai Motor Group plans to invest $15.5 billion in India between 2026 and 2032. www.autoherald.co.kr · www.namdonews.com · socialvalue.kr · www.spacemoney.com.br · evertiq.com · +8 more
[● 9 SOURCES] Hyundai's current annual production capacity in India exceeds 1.4 million vehicles. www.namdonews.com · www.spacemoney.com.br · www.koreatimes.co.kr · news.az · www.news9live.com · +4 more
[● 3 SOURCES] The group has completed prototype development for the 'i3W' electric three-wheeler with TVS Motor Company. www.autoherald.co.kr · socialvalue.kr · www.newstomato.com
[● 2 SOURCES] Approximately $700 million will be allocated to the Indian R&D center, including a vehicle testing track. news.az · www.politika.rs
[● 13 SOURCES] The group will establish a dedicated investment entity in India to coordinate R&D and future technology investments. www.autoherald.co.kr · www.namdonews.com · socialvalue.kr · www.spacemoney.com.br · evertiq.com · +7 more
[○ 1 SOURCE] Hyundai plans to introduce 26 new models and updates in India by 2030. www.rushlane.com
[● 2 SOURCES] Hyundai aims for a 90% localization rate for parts in India by 2030. socialvalue.kr · www.rushlane.com