# Hyundai to invest $15.5 billion in India by 2032, about Rs 4.3 trillion, after Euisun Chung meets Modi

Source: Searchable (https://searchable.pk/news/auto/hyundai-to-invest-dollar155-billion-in-india-by-2032-about-rs-43-trillion-after)
Type: News article
Author: Searchable Editorial
Published: 14 Oct 2026
Updated: 14 Oct 2026
Retrieved: 14 Oct 2026

> Hyundai Motor Group calls India a core market and will set up a dedicated investment entity there. It already builds 1.4 million cars a year in India.

**Hyundai Motor Group** will invest **$15.5 billion in India from 2026 through 2032**, about **Rs 4.3 trillion**, the South Korean carmaker said on Tuesday after executive chair **Euisun Chung** met Prime Minister Narendra Modi, CNBC reported.

## Where the money goes

Hyundai said the seven-year plan covers:

- expanding manufacturing,
- research and development facilities,
- developing local suppliers so more parts are made in India,
- future technology.

It will set up a **dedicated investment entity in India** to run the programme. Chung said the investment "reaffirms" Hyundai's commitment to India "for the next 30 years and beyond".

## The Indian market in numbers

- Hyundai can already build **1.4 million vehicles a year** in India and exports from there.
- It is India's **third-largest** carmaker this year, with **247,980** passenger cars sold from April to August, behind Maruti Suzuki and Mahindra & Mahindra. In the year to March 2026 it was fourth, behind M&M and Tata Motors.
- India's passenger car sales hit a record **439,000 units in August**, up more than 36% year on year, according to the Society of Indian Automobile Manufacturers.
- Hyundai Motor India's 2024 listing raised **$3.3 billion**, India's largest IPO.

## The comparison with Pakistan

Pakistan's whole car market sold **41,872** cars in July to September 2026, up 43% on a year earlier, which is less than a tenth of India's monthly sales. Hyundai is assembled here by Hyundai Nishat at Faisalabad, and the scale gap explains why the same model often costs more in Pakistan: fewer cars to spread tooling and parts costs over, plus higher duties.

See current Hyundai and other prices on our [car price list](/prices/cars), and work out instalments with the [car loan calculator](/tools/cars/car-loan-calculator).

## Frequently asked questions

**How much will Hyundai invest in India?**

$15.5 billion from 2026 through 2032, about Rs 4.3 trillion at Rs 276.96 to the dollar.

## Sources

- South Korean carmaker Hyundai plans 'strategic' investment of $15.5 billion in India by 2032 (CNBC): https://www.cnbc.com/2026/10/14/korea-india-hyundai-cars-investment.html

How to cite: "Hyundai to invest $15.5 billion in India by 2032, about Rs 4.3 trillion, after Euisun Chung meets Modi", Searchable, 14 Oct 2026, https://searchable.pk/news/auto/hyundai-to-invest-dollar155-billion-in-india-by-2032-about-rs-43-trillion-after