Hyundai to Invest $15.5 Billion in India by 2032: Key Details
Hyundai Motor Group plans to invest $15.5 billion in India by 2032 to expand manufacturing, strengthen R&D, develop local suppliers and advance future mobility technologies.
South Korean automotive giant Hyundai Motor Group has announced plans to invest $15.5 billion in India between 2026 and 2032, strengthening the country’s role in its global manufacturing, research and development, and future mobility strategy. The seven-year investment programme aims to expand production capacity, strengthen local supply chains and position India as a major vehicle export hub.
The announcement followed a meeting between Hyundai Motor Group Executive Chair Euisun Chung and Prime Minister Narendra Modi in New Delhi on October 13, 2026. The discussions focused on the future of India’s automotive industry and the company’s long-term growth plans in the country.
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The investment will cover manufacturing expansion at Hyundai Motor India and Kia India, research and development infrastructure, supplier development and emerging automotive technologies. Hyundai Motor Group also plans to establish a dedicated investment entity in India to coordinate capital deployment, identify local partners and support strategic collaborations across the automotive ecosystem.
Research and innovation will form a significant part of the initiative. The group plans to invest approximately $700 million in its Indian research and development centre, including a vehicle testing track. The investment is expected to support the development of next-generation automotive technologies and strengthen local engineering capabilities.
The group will also focus on increasing parts localisation and improving supply-chain resilience by working with Indian component manufacturers. Additional areas under consideration include electric vehicle charging infrastructure, specialised automotive financing, end-of-life vehicle recycling, new mobility services and support for startups developing emerging technologies.
Hyundai Motor Group currently has an annual manufacturing capacity of more than 1.4 million vehicles across its Indian operations, including facilities associated with Hyundai Motor India and Kia India. The company expects the investment to generate employment opportunities in manufacturing, engineering, research and development, and the wider supplier network.
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The investment underscores India’s growing importance in the group’s global strategy. By expanding manufacturing, developing local technology capabilities and strengthening partnerships with domestic suppliers, Hyundai Motor Group aims to support the growth of India’s automotive industry and enhance its position in international markets.
