Hyundai Group Plans $15.5 Billion India Investment Through 2032
The group says the investment will support manufacturing, research, infrastructure and new mobility businesses in India.
Key takeaways
- Hyundai Motor Group plans to invest $15.5 billion in India through 2032.
- The plan covers manufacturing, research, infrastructure and future mobility opportunities.
Hyundai Motor Group plans to invest $15.5 billion in India between 2026 and 2032, the company said. The plan was discussed at a New Delhi meeting between Prime Minister Narendra Modi and executive chair Euisun Chung.
The group said the investment will support manufacturing expansion, research and development, infrastructure, local suppliers and future technology. It also plans to explore opportunities in automotive financing, electric-vehicle charging and end-of-life vehicle recycling.
Hyundai Motor Group said it aims to support startups and expand into new mobility services. Its India businesses include Hyundai Motor, Kia Motors and associate and affiliate operations.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
