Several other India expansion announcements were also made in the first overseas town hall meeting, at Gurugram, with the Executive Chair Euisun Chung, who visited India to review the Group’s mid- to long-term future mobility strategies, which lay the foundation for its leadership in the Indian market.
The Pune facility will be upgraded to create a production hub capable of building more than 200,000 units annually using smart manufacturing technology and systems. Additionally, when combined with the existing capacity of its Chennai plant (which produces 824,000 vehicles annually), Hyundai Motor India's total annual capacity will exceed one million vehicles.
Furthermore, Kia India's yearly production capacity will also be expanded to 431,000 units within the first half of this year. With this, Hyundai and Kia together will give the conglomerate a combined production capacity of about 1.5 million vehicles per year in India.
Besides, Hyundai Motor India also announced an exciting lineup of models planned for production in India. Some of the popular models that will be manufactured locally include — Hyundai Creta, Venue, i20, Verna, Alcazor and Kona Electric.
Hyundai Motor Group also plans to strengthen its EV leadership in the Indian EV market through its electrification strategy.
Hyundai Motor India plans to unveil its first locally produced EV in India next year and proactively respond to the growth of the Indian EV market. Starting with the mass production of its first electric SUV model at the Chennai plant at the end of 2024, the company plans to further produce five EV models by 2030. Hyundai Motor India will also utilize its sales network hubs, expanding the number of EV charging stations to 485 by 2030.
Hyundai Motor India employees expressed significant interest in the company’s EV business plan in the Indian market.
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“By around 2030, we expect to see a substantial expansion in the EV market. In anticipation of this evolution, Hyundai is focused on developing locally tailored EVs aimed at establishing us as a leading global EV brand,” explained Executive Chair Chung. “We also plan to proactively build charging stations at strategic locations – including dealerships – to facilitate the adoption of EVs.”
Hyundai Motor Group has achieved strong growth over the past 28 years, since Hyundai Motor India first entered the Indian market in 1996.
Hyundai Motor Group has achieved strong growth over the past 28 years, since Hyundai Motor India first entered the Indian market in 1996.
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