Hyundai Motor Group said it plans to invest $15.5 billion in India from 2026 through 2032, treating the country as core to its emerging-market growth. After meeting Indian Prime Minister Narendra Modi, executive chair Euisun Chung said the investment reaffirms the company's commitment to India for the next 30 years and beyond. The funds will go to manufacturing expansion, R&D infrastructure, local parts suppliers and future technology, through a dedicated investment entity set up in India. Hyundai is India's third-largest carmaker, selling 247,980 passenger cars between April and August this year, behind Maruti Suzuki and Mahindra & Mahindra, and has a total production capacity of 1.4 million vehicles in the country.
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