Tag - Hyundai India expansion

Key highlights Hyundai Motor India celebrates 29 years, marking 12.7 million units sold since its inception. The company has invested $6 billion in India and plans to expand with a new Talegaon facility. Hyundai remains India’s top passenger car exporter, with 3.7 million units shipped globally. Hyundai Motor India Limited (HMIL) has completed 29 years in the country, marking a significant milestone with 12.7 million vehicles sold since its establishment on May 6, 1996. The company has played a pivotal role in shaping India’s automotive landscape, introducing iconic models like the Santro, Creta, and Ioniq 5. A legacy of growth and innovation Hyundai entered India with a vision of mutual progress, setting up its first integrated manufacturing facility in Sriperumbudur, Tamil Nadu, in 1998. Over the years, the company has invested $6 billion to scale operations, reinforcing its commitment to the Indian market. Expanding production capacity To meet rising demand, Hyundai is preparing to commence operations at its new Talegaon facility in Maharashtra by Q4 2025. This expansion will increase Hyundai’s annual production capacity to 1 million units, ensuring faster deliveries and improved supply chain efficiency. India’s leading car exporter Hyundai has consistently been India’s top passenger car exporter, shipping 3.7 million units to over 150 countries. The company’s export milestones include: 0.5 million units in 2008 1 million units in 2010 2 million units in 2014 3 million units in 2020 Commitment to sustainability and community Beyond automobiles, Hyundai has invested ₹400 crore in community initiatives through the Hyundai Motor India Foundation (HMIF). These efforts focus on environmental sustainability, mobility solutions, and social welfare, benefiting over 2 million lives annually. Looking ahead As Hyundai enters its 30th year, the company pledges to continue leading with innovation, customer-centric solutions, and sustainable growth. With a strong foothold in electric mobility, Hyundai aims to expand its EV lineup, reinforcing its ‘Progress for Humanity’ vision. Also read: Leaked: The 2025 Jeep Compass is giving Grand Cherokee vibes