Hyundai Motor Group has announced plans to invest $15.5 billion (approximately ₹1.47 lakh crore) in India between 2026 and 2032. The South Korean automobile
giant plans to expand vehicle production, develop new automotive technologies and strengthen its local supply chain. The investment covers both Hyundai Motor India and Kia India, making it one of the group’s biggest commitments to the Indian automobile market.
The announcement came on October 13, following a meeting between Hyundai Motor Group Executive Chair Euisun Chung and Prime Minister Narendra Modi in New Delhi. The company already has a sizeable manufacturing presence in India. Its latest investment signals plans for more cars, expanded factories and greater local development of future vehicles.
Hyundai Motor Group has announced a USD 15.5 billion investment plan in India through 2032 to strengthen its automotive ecosystem and global export hub role.
— Hyundai Motor Group (@HMGnewsroom) October 14, 2026
Hyundai and Kia factories to get bigger
Hyundai Motor Group currently has the capacity to manufacture more than 14 lakh vehicles annually in India. Its manufacturing operations are spread across three locations.
- Chennai, Tamil Nadu: Hyundai’s facilities have an annual production capacity of 8.24 lakh vehicles.
- Anantapur, Andhra Pradesh: Kia’s manufacturing facility can produce 4.31 lakh vehicles annually.
- Pune, Maharashtra: Hyundai’s newer facility has an annual capacity of 1.70 lakh vehicles, with further expansion planned.
The company intends to increase production at these facilities, particularly Pune, in phases. India will continue serving domestic customers and overseas export markets.
Read more: Hyundai reveals its mid-size SUV Bayon before its launch on October 23
What new Hyundai cars can India expect?
For automobile enthusiasts, Hyundai’s broader product roadmap offers some clues.
The manufacturer announced in August that India would receive 26 new or updated models by 2030. Its plans include a new electric SUV developed for India and a new petrol or diesel-powered mid-size SUV.
Hyundai has previously outlined plans for an India-focused electric SUV featuring Level 2 driver assistance and an updated infotainment system. The company is targeting a higher share of locally sourced parts, reaching 90% by 2030.
These models form part of Hyundai’s previously announced product strategy. The latest $15.5 billion investment announcement does not provide a fresh model-wise launch schedule.
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Around ₹6,650 crore planned for research and testing
Hyundai will allocate approximately $700 million (₹6,650 crore) to its Indian research and development operations, including a vehicle testing track.
This could mean more vehicle engineering work taking place in India, covering future technology development and testing.
The group is planning investments in other areas, including:
- Electric vehicle charging infrastructure
- Local automotive component suppliers
- Vehicle recycling businesses
- Automotive financing and mobility services
- Partnerships with Indian technology startupsHyundai plans to establish a dedicated investment entity to coordinate these activities.
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What does Hyundai’s investment mean for India?
Hyundai Motor Group currently employs more than 24,000 people in India. Its expansion could create further opportunities across vehicle manufacturing, engineering and component production.
The company has yet to disclose a detailed annual spending schedule or the number of jobs expected from the new investment.
