Hyundai Motor Group Plans to Invest $15.5 Billion in India by 2032

en.Wedoany.com Reported - On October 13, Hyundai Motor Group of South Korea announced plans to invest $15.5 billion in India from 2026 to 2032, covering capacity expansion, R&D facility construction, local parts procurement, and new technology development for its two major vehicle manufacturing businesses, Hyundai Motor India and Kia India. Of this, approximately $700 million is intended for the construction of an R&D center and a vehicle test track in India. The Group also plans to establish a dedicated investment entity responsible for coordinating local project funding allocation and partner development.

In the vehicle manufacturing sector, Hyundai Motor Group plans to expand production scale at Hyundai Motor India Limited and Kia India Pvt. Limited. The Group currently has an annual vehicle production capacity of more than 1.4 million units in India, including 824,000 units at the Chennai plant, 170,000 units at the Pune plant, and 431,000 units at Kia India's Anantapur plant. Under the existing production facility arrangements, the Pune plant will expand its production capacity in phases.

R&D investment will focus on vehicle testing facilities, R&D infrastructure, and next-generation automotive technology development. Hyundai Motor Group plans to expand its India R&D center, build a supporting vehicle test track, and increase local technical R&D personnel to form a local R&D system covering vehicle development, technology validation, and testing.

In terms of parts procurement, the Group plans to increase the localization rate of parts for vehicles manufactured in India by investing in local suppliers and establishing partnerships. The dedicated investment entity will coordinate R&D infrastructure, future technologies, and automotive industry-related investments, while also undertaking local partner screening, supplier cooperation, and investment execution coordination.

The investment plan also covers new energy vehicle supporting facilities and other automotive businesses. Hyundai Motor Group will explore business opportunities in electric vehicle charging infrastructure, end-of-life vehicle recycling, specialized automotive financial services, and new mobility services, and plans to invest in related technology startups. Currently, the Group directly employs more than 24,000 people in India, and this new investment involves positions in vehicle manufacturing, R&D, engineering technology, and parts supply chains.