South Korea-based auto maker Hyundai plans to invest over $1 billion in India in the next three years. The company, which operates through its wholly-owned arm Hyundai Motors India Ltd, plans to launch an electric vehicle next year.
Managing director and CEO Y. K. Koo said, “Our total investment till 2020 will be over $1 billion. The investments will be on nine new products to be launched between this year and 2020, powertrain development, and setting up of our new office building in Gurugram.” Speaking about the new products to be introduced, he said, “Two will be completely new models, one will be an electric vehicle, two facelifts, and four will be full model changes of existing products.”
Managing Director and CEO Y. K. Koo
Last year, Hyundai Motors India sold 678,000 auto units in the country. With 20 years in the Indian market, the firm has a market share of 16.5 percent in the passenger vehicle segment.
Last updated: December 26th, 2025
