- Company to start operating its Pune plant, which was acquired from General Motors last year, in the second half of 2025.
Seoul-headquartered Hyundai Motor Group said that will make India as its key export hub and roll out first ‘Made in India’ electric car from its Chennai plant in 2025.
Hyundai plans to produce five more models by 2030 as the electric vehicle market is expected to grow in the country.
The group also said the combined annual production of Hyundai Motor India and Kia India, which will also begin production of EVs from next year, will be enhanced to 1.5 million vehicle units a year by 2025.
Over the past year, Hyundai has announced new investment plans in India totalling approximately 5 trillion won ($3.75 billion), reflecting the group’s intent to better target one of the fastest growing major automotive markets in the world.
Nurturing India
Euisun Chung, Hyundai Motor Group’s executive chair, visited the group’s Indian headquarters in Gurugram, Haryana, on Tuesday and discussed medium- to long-term strategies for the Indian market with employees.
At the meeting, Chung shared his vision to nurture India as the group’s global export hub as Hyundai expands its business to Asia, the Middle East and Africa.
He also highlighted customer trust, employees’ dedication and technological expertise as key growth factors in India, while expressing pride in the group consistently achieving the second position in the Indian market share.
The company said Hyundai Motor India will start operating its Pune plant, which was acquired from General Motors last year, in the second half of 2025 as it currently makes improvements to the facility to create a production hub capable of building more than 200,000 units annually, using smart manufacturing technology and systems.
Building EV charging infrastructure
“With the addition of the Chennai plant’s production capacity of 824,000 units, Hyundai Motor will have an annual production capacity of over one million units when combined with the Pune plant. Kia India’s yearly production capacity will also be expanded to 431,000 units within the first half of this year,” the company said.
The company established its first Indian manufacturing plant in 1998 and a second one in 2008.
“Kia India will also start production of its local EV model in 2025 and plans to further expand its EV models. The company will also focus on building EV charging infrastructure,” the company said, adding they recently signed a MoU with Exide Energy Solutions Ltd for local production of batteries for dedicated Indian EV models.