Hyundai Motor Group plans $16B investment in India by 2032

Euisun Chung: Euisun Chung is the Executive Chair of Hyundai Motor Group, guiding its global operations and strategic shift toward physical AI solutions that extend into robotics, autonomous driving, and advanced manufacturing. He recently met with Indian Prime Minister Narendra Modi in New Delhi to present long-term expansion plans centered on local manufacturing and technology development. Chung has highlighted India's importance to the group's sustained growth and innovation efforts. Narendra Modi: Narendra Modi is the Prime Minister of India, who engages directly with global business executives to advance domestic industrial growth and attract strategic investments. He hosted a meeting with Hyundai Motor Group Executive Chair Euisun Chung to discuss automotive sector initiatives aimed at strengthening local capabilities. Modi's government continues to support partnerships that enhance India's role in global manufacturing and technology ecosystems. Hyundai Motor Group: Hyundai Motor Group is a leading South Korean automotive manufacturer focused on vehicle production, research and development, and emerging mobility technologies including electrification and advanced systems. It maintains multiple manufacturing sites in India and positions the country as a core strategic market for emerging-market expansion and next-generation innovation. The group recently announced a major multi-year investment plan following direct discussions with Indian leadership. Market Importance: India ranks as the world's third-largest automobile market and serves as an increasingly vital growth destination for international automakers pursuing localized production and tailored vehicle development. Industry Collaboration: Recent engagements between global automakers and Indian stakeholders emphasize building robust local supply chains and fostering innovation ecosystems to support long-term sector expansion. Technology Advancement: Hyundai Motor Group is actively expanding its focus on next-generation automotive technologies, including dedicated research infrastructure to support future mobility innovations.