Hyundai commits ₹45,000 crore investment in India, aims for ₹1 lakh crore revenue by FY30.

Hyundai Motor Company (HMC), the South Korean automaker, has signaled India's growing centrality in its global strategy with an ambitious investment plan. Recently, Hyundai announced a commitment of ₹45,000 crore (approximately $5.4 billion) through 2030 to expand its operations in India. The investment aims to increase manufacturing capacity, bolster research and development, and introduce 26 new models, including electric and hybrid vehicles.

“India isn’t just important to Hyundai’s global strategy — India is Hyundai’s global strategy,” said Jose Munoz, President and CEO of HMC. “We are better when we are challenged, and in this market, we compete with some of the best manufacturers in the world.”

Hyundai’s aggressive expansion in India underscores its strategic focus on the rapidly growing automotive market, even as domestic rivals like Tata Motors and Mahindra & Mahindra ramp up their investments in electric vehicles and SUVs. The move highlights India’s increasing significance as a key battleground for global automakers seeking to capitalize on the country's expanding consumer base and evolving mobility needs.