Hyundai Motor Group to Invest $15.5 Billion in India by 2032
South Korea's Hyundai Motor Group announced plans to invest $15.5 billion between 2026 and 2032 in India, a market it views as central to its growth strategy for emerging economies. The investment will focus on manufacturing expansion, R&D infrastructure development, local supplier cultivation, and future technology innovation. To manage these investments, Hyundai plans to establish a dedicated entity within the country. India's automotive sector has seen strong demand in recent months, with passenger car sales hitting record levels. In August alone, 439,000 units were sold—a year-on-year increase of over 36%. Hyundai is currently India’s third-largest automaker and reported selling nearly 250,000 cars between April and August this year.
Topics: automotive industry Hyundai Motor Group India market expansion