Hyundai is betting $15.5B on India as a global production hub. It already runs the world's largest single integrated auto plant in Ulsan, builds 4.1M vehicles a year and owns 33.88% of Kia, so this is

What happened: Hyundai Motor Group Executive Chair Chung Euisun pledged to invest $15.5 billion in India by 2032 during talks with Prime Minister Narendra Modi, following the opening of a Pune manufacturing facility. Key numbers: $15.5 billion investment over seven years. Annual production capacity of 1.4 million units. Auto tariffs range from 70 to 110 percent. Why it matters: The investment expands local R&D, supply chains and mobility services, and Hyundai will set up a dedicated India investment arm. Chung called India a strategic gateway to the Middle East and Africa.

Hyundai Motor Group Executive Chair Chung Euisun pledged to invest $15.5 billion in India by 2032 during talks with Prime Minister Narendra Modi, following the opening of a Pune manufacturing facility.

The investment expands local R&D, supply chains and mobility services, and Hyundai will set up a dedicated India investment arm. Chung called India a strategic gateway to the Middle East and Africa.