Hyundai Celebrates 30 Years in India with Plans for Future Growth
Hyundai reiterates commitment to India as it marks 30 years of operations
Business Standard
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Hyundai Motor India Ltd (HMIL) marks its 30th anniversary, reaffirming its commitment to the Indian market with an investment of ₹45,000 crore (approximately $5.4 billion USD) planned by FY2030. The company has sold 13.5 million vehicles, emphasizing India's importance in its global operations.
- 01Hyundai has invested ₹40,700 crore (approximately $4.9 billion USD) in India since 1996.
- 02A further ₹45,000 crore (approximately $5.4 billion USD) is planned for investments by FY2030.
- 03HMIL has sold 13.5 million vehicles, with 9.6 million in India and 3.9 million exported.
- 04The company aims to introduce 26 new products by FY2030.
- 05Hyundai operates two manufacturing plants in Chennai and Pune, with plans to increase production capacity.
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Hyundai Motor India Ltd (HMIL) celebrated its 30th anniversary on May 6, 2026, reaffirming its commitment to the Indian market. Since its establishment, HMIL has invested ₹40,700 crore (approximately $4.9 billion USD) and plans to invest an additional ₹45,000 crore (approximately $5.4 billion USD) by FY2030. The company has sold a total of 13.5 million vehicles, with 9.6 million sold in India and 3.9 million exported to 150 countries, highlighting India's critical role in Hyundai's global success. Tarun Garg, MD and CEO of HMIL, emphasized the company's dedication to shaping mobility in India and globally, guided by the vision of 'Progress for Humanity'. With two manufacturing plants in Chennai and Pune, HMIL aims to increase its annual production capacity to 1.07 million units by 2028 and currently operates 1,675 service touchpoints across 1,025 cities in India.
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Hyundai's continued investment will enhance job creation and boost the automotive sector in India, benefiting consumers with new products and improved services.
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