Hyundai Motor Group has announced plans to invest approximately ¥2.45 trillion in India over 7 years, developing the country into a production and export hub for emerging markets. Chairman Chung Euisun (鄭義宣) met with Prime Minister Modi and also explained plans to establish a specialist entity locally.
Hyundai Motor Group announced that it will invest approximately $15.5 billion (approximately ¥2.45 trillion) in India over 7 years from 2026. The funds will be allocated to new plants and research and development, with the aim of developing India into a production and export hub for emerging markets.
To explain the investment plan, Chairman Chung Euisun (鄭義宣) met with Prime Minister Modi, who was visiting India. The group also indicated a policy of establishing a specialist entity to oversee its local operations.
The article also touches on strengthening the supply chain related to electric vehicles, suggesting an intention to contribute to India’s automotive industry by strengthening its operations in the country.