"Already the Third Production Hub": Hyundai Motor Expands Local Production in India

[Economy 365]

Hyundai Motor held a completion ceremony for its new plant in Pune, moving to expand its local production.

The Pune plant is Hyundai's third production base in India, following its first and second plants in Chennai.

It has been producing the subcompact SUV "All-New Venue" since the fourth quarter of last year, and its current annual production capacity stands at 170,000 units.

Hyundai plans to expand this capacity to 250,000 units by 2028 and 320,000 units by 2030.

Including the Pune plant, Hyundai will secure an annual production capacity of nearly 1 million units in India.

Combined with Kia's plant in India, the Hyundai Motor Group's current annual production capacity reaches 1,425,000 units.

Following the completion of the Pune plant's first-phase expansion after 2028, the group will establish a production system capable of 1.5 million units per year.

Hyundai Motor Group plans to invest approximately 20.8 trillion won in India by 2032 to strengthen production facilities, research and development, future technologies, and the local supply chain.

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