Anand Mahindra Praises Hyundai’s Big R&D Bet in India, Calls It a Boost for Local Talent

Hyundai Motor recently announced plans to invest $5 billion (approximately Rs 45,000 crore) in India by 2030. This is the company's largest and most aggressive investment plan to date. Under this, the company will expand its capacity, localize R&D, and launch new products.

This is the first time Hyundai has provided a 4-5 year forward investment roadmap for India. The company has invested approximately $6 billion since entering India in 1996.

Speaking to the media in Mumbai, Hyundai's Global President and CEO, José Muñoz, said, "India is not just part of our strategy, India is our strategy. If we are strong here, we are strong globally."

About 60 percent of Hyundai's investment will go toward production and R&D development, while the remaining 40 percent will be used to expand production capacity and upgrade technology.

The company also plans to launch its luxury brand Genesis and finance division, Hyundai Capital, in India.

Jose Muñoz stated that India's growing local demand, strong engineering talent, and low-cost base are three reasons Hyundai is investing such a large sum here.

People also responded enthusiastically to Anand Mahindra's post on social media. People said that promoting R&D in India will not only strengthen our engineering capabilities but also establish us as a global innovation center. Many users wrote that now India will not only be a manufacturing hub but will also establish itself as an automotive innovation lab in the world.