Story perspectives

Hyundai to Invest $15.5B in India Through 2032

By Drooid · Oct 13, 2026, 11:23 PM UTC · How we work

Summary

Story summary

Hyundai Motor Group announced a $15.5 billion investment in India through 2032.
Chair Euisun Chung announced it after meeting Prime Minister Narendra Modi in New Delhi.
Hyundai will spend $700 million on an Indian R&D centre with a vehicle-testing track.
Manufacturing at Hyundai Motor India and Kia India will expand boosting output beyond 1.4 million vehicles annually.
The plan targets high-quality jobs for 24,000 Indian workers and EV charging, financing and recycling services.

History

Historical Context

After the 1991 balance-of-payments crisis, Prime Minister P.V. Narasimha Rao and Finance Minister Manmohan Singh dismantled the Licence Raj and opened the auto sector to foreign investors, spurring $4 billion of FDI by 2005 and enabling Maruti Suzuki to exceed one million annual units. Hyundai’s $15.5 billion plant announced by CEO Euisun Chung after meeting Prime Minister Narendra Modi follows that liberalisation trajectory.

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Story summary

Hyundai Motor Group announced a $15.5 billion investment in India through 2032.
Chair Euisun Chung announced it after meeting Prime Minister Narendra Modi in New Delhi.
Hyundai will spend $700 million on an Indian R&D centre with a vehicle-testing track.
Manufacturing at Hyundai Motor India and Kia India will expand boosting output beyond 1.4 million vehicles annually.
The plan targets high-quality jobs for 24,000 Indian workers and EV charging, financing and recycling services.

1 / 2