Hyundai Motor Plans $15.5 Billion Investment in India Over Next Seven Years

South Korea's Hyundai Motor Group said on Wednesday that it plans to invest $15.5 billion in India by the end of 2032, underscoring the country's importance to its global growth strategy. The group announced the investment plan on Tuesday when Chairman and CEO Chung Eui-sun met with Indian Prime Minister Narendra Modi in New Delhi. According to the announcement, the investment will be used to expand production capacity, build R&D infrastructure, cultivate local suppliers to increase the localization rate of parts, and advance future technology development.