Hyundai Motor Group, the parent company of Hyundai and Kia, has announced plans to expand its annual production capacity in India to 1.5 lakh units per year. This move is part of the company’s mid-to-long-term strategy for the Indian market, which includes increasing its electric vehicle (EV) lineup, utilizing the country as an export hub, and strengthening its SUV sales leadership.
Results for: Hyundai Motor Group
Hyundai Motor Group’s Executive Chair visits India to discuss the company’s mid- to long-term future mobility strategies, which are designed to consolidate its leadership position in the Indian market. The Group plans to establish an annual production capacity of 1.5 million units by 2025 through its subsidiaries Hyundai Motor India and Kia India. The production system will be combined to fuel the electrification strategy by expanding EV local production and lineups as well as creating EV ecosystems.