Hyundai Motor Group Chair Euisun Chung meets PM Modi; announces $15.5 bn India investment by 2032
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Hyundai Motor Group Chair Euisun Chung met Prime Minister Narendra Modi in New Delhi on Tuesday.
- ✓The company announced plans to invest $15.5 billion in India between 2026 and 2032.
- ✓This seven-year investment will focus on expanding manufacturing capacity, strengthening research and development, and advancing future mobility technologies across the country.
Story at a Glance
- Category
- BUSINESS
- Reported By
- CNBC TV18
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Hyundai Motor Group Executive Chair Euisun Chung met Prime Minister Narendra Modi in New Delhi on Tuesday, following which the South Korean automotive group announced plans to invest $15.5 billion in India between 2026 and 2032. The seven-year investment will focus on expanding manufacturing capacity, strengthening research and development (R&D) infrastructure, developing local suppliers and advancing future mobility technologies.
The announcement underlines India’s growing importance in Hyundai Motor Group’s global growth strategy, with the company aiming to strengthen the country’s position as a manufacturing and export hub for its automotive business.
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CNBC TV18
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