Hyundai Motor India pledges Rs 11,000 crore expansion for Pune plant

Hyundai Motor India disclosed a phased Rs 11,000 crore investment for its Pune manufacturing complex, aiming to more than double vehicle output to 320,000 units annually by 2030, up from one outlet 170,000. The facility includes a modern engine plant capable of producing 150,000 engines per year, supporting the expanded production line. Company officials emphasized that the expansion will drive industrial development, innovation, and job creation in the surrounding region.

This commitment builds on an earlier $15.5 billion, seven-year investment strategy for the Indian automotive market. Shares of Hyundai Motor India Limited closed almost flat at Rs 1,967 per share. The investment highlights the automaker’s confidence in India’s growth prospects.