Business
Hyundai Celebrates Three Decades of Indian Operations
Hyundai Motor India Ltd has announced fresh investments of Rs 45,000 crore by FY30 as it celebrates three decades in India, focusing on electrification, manufacturing expansion and future mobility solutions.
South Korean automobile giant Hyundai Motor Company on Wednesday reaffirmed its long-term commitment to India as its Indian arm, Hyundai Motor India Ltd, completed 30 years of operations in the country.
Founded on May 6, 1996, HMIL said it has invested Rs 40,700 crore in India since beginning operations. The company also outlined ambitious future plans, announcing an additional investment of Rs 45,000 crore between FY26 and FY30.
The planned investment will be directed towards expanding manufacturing capabilities, accelerating electrification initiatives, strengthening future mobility technologies, and launching 26 new products by FY2030.
The planned investment will be directed towards expanding manufacturing capabilities, accelerating electrification initiatives, strengthening future mobility technologies, and launching 26 new products by FY2030.
Over the past three decades, Hyundai has emerged as one of India’s leading automobile manufacturers. The company stated that it has sold a cumulative 1.35 crore vehicles since inception, including 96 lakh units in the domestic market and 39 lakh units exported to nearly 150 countries worldwide.
Hyundai’s operations in India have played a significant role in transforming the country into a global automobile manufacturing and export hub. Industry analysts believe the company’s upcoming investments signal a strong focus on electric vehicles, smart mobility solutions, and advanced automotive technologies tailored for both Indian and global markets.
The automaker’s continued expansion is also expected to support employment generation, localisation of manufacturing, and development of India’s EV ecosystem in the coming years.
