Hyundai allocates AI and startup funding within $15.5 bn India plan as Pune plant capacity is raised

Hyundai Motor Group disclosed that roughly one‑fifth of its $15.5 billion, seven‑year investment in India will be directed to artificial‑intelligence projects and startup ventures, while the bulk of spending supports plant expansion and output growth. The new Pune manufacturing site opened with an initial capacity of 170,000 vehicles per year and is slated to reach 320,000 units by 2030. Hyundai’s chief executive said the Indian operation, built on deep localisation and an aggressive electrification roadmap, is being used as a template for the company’s broader global expansion. The firm also announced plans to launch a suite of new models in India, including internal‑combustion, electric, hybrid and fuel‑cell vehicles, as part of its effort to increase the share of eco‑friendly cars in the market.