Hyundai Motor India544274Capex expansion plan

Group to invest USD 15.5 billion in India from 2026 through 2032

Hyundai Motor Group plans to invest USD 15.5 billion in India from 2026 through 2032 — manufacturing expansion, R&D, local suppliers, future mobility.

By ScoutQuest · Tue 13 Oct 2026, 7:30 PM IST · 2 min read

Planned Investment: USD 15.5 billion in India
Investment Period: 2026 through 2032
R&D Centre Investment: About USD 700 million planned for the R&D centre and test track

An investment plan for India

Hyundai Motor Group has announced a comprehensive investment strategy for India, committing USD 15.5 billion from 2026 through 2032. The press release was issued by the Group and enclosed with Hyundai Motor India Ltd's exchange update. The initiative positions India as a strategic core market for the Group's future growth, emerging market expansion and next-generation automotive innovation. It was discussed at a meeting between Executive Chair Mr. Euisun Chung and Prime Minister Shri Narendra Modi in New Delhi on October 13, 2026.

Where the investment is directed

Manufacturing expansion across Hyundai Motor India Limited and Kia India Pvt. Limited, with the aim to position India as one of the Group's leading global export platforms.
R&D infrastructure and technology, including a complete R&D system, local talent cultivation and a vehicle testing track. Approximately USD 700 million is planned for the R&D centre.
Local supply chain resilience, through strategic investments in regional partners, parts localisation and supplier development.
Future mobility innovation: support for high-potential startups, new mobility services, specialised automotive financing, EV charging infrastructure and end-of-life vehicle recycling.

A dedicated investment entity

The Group will establish a dedicated investment entity in India to systematically coordinate and execute investments across R&D infrastructure, future technologies and the broader automotive ecosystem. It will also serve as a platform to identify local partners and support strategic partnerships.

Existing India capacity

The Group has production capacity of more than 1.4 million vehicles annually in India.
HMIL's facilities in Chennai: 824,000 units capacity.
HMIL's latest manufacturing facility in Pune: 170,000 units capacity, scheduled to be scaled up in phases.
Kia India's Anantapur plant: 431,000 units capacity.

Employment and community spend

The Group employs more than 24,000 people across India. The investment is expected to create employment across manufacturing, R&D, engineering and supply chain sectors.
Since 2016, the Group's major affiliates have cumulatively contributed approximately USD 110 million to social welfare, education, skill development and community programmes in India.
Social initiatives include the Samarth campaign for disability inclusion and the planned HATS (Hyundai Academy for Technical Skills) vocational training institute in Chennai.

How to read the numbers

The amounts are stated in US dollars and the investment period runs seven years, from 2026 through 2032. The release names R&D, manufacturing, supply chain and future mobility as the areas of spending, and sets out the Group's current India manufacturing capacity and headcount as context for the scale involved.

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