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Hyundai Motor India Ltd (HMIL) has announced plans to invest $5 billion (approx. ₹42,000 crore) by 2030 to expand its domestic manufacturing capacity, enhance electric vehicle (EV) production, and strengthen its export network.
The investment will be used to scale up operations at its existing facilities in Tamil Nadu and Maharashtra, as well as to develop new technologies for cleaner and smarter mobility. Hyundai aims to increase its annual production capacity to 1.5 million units and ramp up exports to over 200 global markets.
According to the company, a significant portion of the investment will focus on EV development, including battery assembly, charging infrastructure, and component localization to align with India’s green mobility goals.
Hyundai India CEO Unsoo Kim stated that the investment underlines the company’s long-term commitment to India as a strategic global hub for sustainable mobility.
Industry experts said Hyundai’s expansion plan will not only reinforce India’s position in the global auto supply chain but also accelerate the nation’s transition toward electric and low-emission vehicles.
Also Read : Indian auto component industry eyes $14 billion by 2028, ACMA reports Ministry of Heavy Industries considering lowering GST on flex-fuel vehicles
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