Hyundai Motor Group plans $15.5 billion India investment

Hyundai Motor Group said it will invest $15.5 billion in India from 2026 through 2032, expanding manufacturing and research and development across its Hyundai and Kia operations. The seven-year plan also includes a dedicated investment entity intended to coordinate projects in the country. The group said about $700 million would be directed to its Indian research and development centre, including a vehicle testing track. Other priorities include expanding production capacity, developing local suppliers and strengthening domestic sourcing. Hyundai Motor Group said the investment would support future automotive technologies and the broader automotive ecosystem. The announcement followed a meeting on October 13 in New Delhi between Indian Prime Minister Narendra Modi and Hyundai Motor Group Executive Chair Euisun Chung. The group said the plan would create additional employment across manufacturing, engineering, research and supply chains, but it did not provide a job estimate. The investment covers the group’s Indian operations, including Hyundai Motor India and Kia India. The group has not specified how the $15.