India key to navigating global trade shifts: Hyundai President & CEO Jose Munoz
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Hyundai Motor Company is expanding its investment in India, CEO José Muñoz said on Tuesday.
- ✓The company plans to introduce 26 new vehicles and electrify half of its fleet by 2030.
- ✓Muñoz noted, "You need to stay the course," as the firm uses India as a blueprint for global growth.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Synopsis
Hyundai Motor Company is expanding its investment in India as it prepares to introduce 26 new vehicles. The company plans to electrify about 50 percent of its vehicles by 2030, including various electric options. Hyundai's global CEO emphasized the importance of consistent regulation to ensure long-term investments.
NEW DELHI: Hyundai Motor Company is expanding its investment footprint in India, its global chief executive José Muñoz said on Tuesday, describing the country as essential to navigating global trade uncertainties and shifting automotive policies.
Speaking at the Bloomberg New Economy Forum, Muñoz said India is an example of the company's long-term investment strategy, which it believes is essential to navigating geopolitical tensions, shifting trade policies and changes in the automotive industry.
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The Economic Times
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