Hyundai Motor India has planned an investment of Rs 32,000 crore in the country over the next 10 years, between 2023 to 2032, said Unsoo Kim of Hyundai Motor India during the HMIL IPO-related press conference on Wednesday at Mumbai.
The company added that Hyundai India is investing Rs 6,000 crore in its Pune unit.
“From a capacity point of view, a new plant in Pune is coming up, which will increase our capacity from currently 824,000 to almost close to 1.1 million, which is a 30 percent addition in capacity by 2028. So you can see that in the next three to four years, almost 30 percent capacity addition is happening, which will give us a lot of headroom both in domestic and exports to increase our volumes as well as market share,” the company officials said during the press briefing.
The company is adding its capacity in the electric vehicle segments and continue to target the strategies of premiumization. D D News
