Overview
- Hyundai Motor Group announced the $15.5 billion, 2026–2032 investment plan after Executive Chair Euisun Chung met Prime Minister Narendra Modi on Tuesday, Oct. 13, 2026.
- The group has already begun execution by inaugurating its Pune plant on Oct. 14, 2026 and committing phased spending of Rs 11,000 crore to raise Pune’s capacity from 170,000 to 320,000 vehicles a year by 2030.
- Company executives said roughly 60 percent of the package will go to manufacturing expansion while about 20 percent will fund emerging technologies and ventures and 20 percent will support local R&D and talent development.
- About $700 million is earmarked for the Indian R&D centre to build engineering facilities and a vehicle testing track, and the plan includes supplier development to lift local content and expand exports.
- Hyundai says the programme will create jobs across factories, engineering and supply chains and could accelerate local EV, charging and recycling businesses while boosting supplier investment and technical training in India.