Hyundai Motor Group on Tuesday (October 13) announced plans to invest $15.5 billion in India between 2026 and 2032, covering manufacturing expansion, research and development (R&D), local supplier development and future mobility technologies.
The investment is aimed at positioning India as a core strategic market for the Group’s growth and expansion across emerging markets. The investment plan was discussed during a meeting between Indian Prime Minister Narendra Modi and Hyundai Motor Group Executive Chair Euisun Chung at the Prime Minister’s Office in New Delhi on October 13, 2026.
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The seven-year investment will span manufacturing capacity expansion, R&D infrastructure development, localisation of automotive components and innovation in future technologies. The Group will also establish a dedicated investment entity in India to coordinate investments, manage capital efficiently and support the development of the wider automotive ecosystem.
Euisun Chung, Executive Chair, Hyundai Motor Group, said, “India remains one of Hyundai Motor Group’s most important and strategic markets globally. The past 30 years have been defined by our commitment to India.
This investment reaffirms our commitment to India for the next 30 years and beyond. Through this investment, we will create more employment opportunities and work together with our partners and stakeholders to support India’s continued industrial development.”
Manufacturing expansion across Hyundai and Kia
Hyundai Motor Group plans to expand manufacturing capacity across Hyundai Motor India Ltd and Kia India Pvt Ltd to support volume growth and increase localisation in line with domestic market requirements.
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The expansion is also intended to strengthen India’s position as one of the Group’s leading global export platforms.
$700 million investment in R&D infrastructure
The Group plans to invest approximately $700 million in its Indian R&D centre, including a vehicle testing track, to strengthen its research infrastructure and technological capabilities.
It also plans to establish a comprehensive R&D system in India through infrastructure expansion and local talent development. The initiative is expected to accelerate the development of next-generation automotive technologies and position India as a core innovation hub for the Group.
Local supplier development and supply-chain resilience
Hyundai Motor Group will invest in regional partners and support the development of local suppliers to increase component localisation and strengthen the domestic automotive supply chain.
The proposed partnerships will focus on identifying local suppliers, developing strategic collaborations and building a stable and resilient supply-chain ecosystem across the Indian automotive industry.
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The dedicated investment entity will also serve as a platform to identify local partners, support strategic partnerships and facilitate collaboration with suppliers.
Investments in future mobility and new businesses
The investment plan includes support for high-potential startups and expansion into new mobility services integrated with the Group’s core vehicle business.
Hyundai Motor Group will also explore opportunities in new business verticals, including specialised automotive financing, electric vehicle (EV) charging infrastructure and end-of-life vehicle recycling.
Investment to support jobs and local talent
Hyundai Motor Group employs more than 24,000 people across India. The planned investment is expected to create employment opportunities in manufacturing, R&D, engineering and supply-chain operations.
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Beyond direct hiring at the Group’s facilities, the investment is expected to support employment across the broader automotive ecosystem through supplier partnerships, technology development and emerging mobility ventures.
The initiative is also expected to contribute to India’s economic development and help build a local talent pool in advanced automotive technologies.
India’s role in Hyundai Motor Group’s growth strategy
Hyundai Motor Group said India is one of the world’s fastest-growing automotive markets and a critical platform for its mid- to long-term strategy. The investment is intended to support the Group’s future growth, expansion into emerging markets and next-generation automotive innovation.
The dedicated investment entity will coordinate investments across R&D infrastructure, future technologies and the broader automotive ecosystem, while facilitating collaboration with local partners and suppliers.
Shares of Hyundai Motor India Ltd ended at ₹1,969.00, up by ₹26.90, or 1.39%, on the BSE.