Korean auto giants Hyundai and Kia double down on India with a major investment to localize EV production and battery supply chains
Hyundai Motor Group, along with its affiliate Kia, has announced a landmark $1 billion investment in India aimed at establishing a new electric vehicle (EV) manufacturing facility and a battery cell production unit. This strategic move is part of their long-term vision to make India a central hub for EV innovation, exports, and domestic sales.
The new facility will be located in Tamil Nadu and is expected to be operational by mid-2027. It will manufacture EVs across multiple segments, including compact SUVs and sedans, tailored for both Indian and global markets. The battery plant will focus on lithium-ion cell production, with plans to explore solid-state technology as the market matures.
Hyundai and Kia plan to launch six new EV models in India by 2030, starting with the Hyundai Creta EV in early 2026. This aggressive rollout is expected to significantly boost EV adoption in India, especially as localized production helps reduce vehicle costs and improve supply chain efficiency.
The investment is also projected to generate over 10,000 direct and indirect jobs, contributing to the region’s economic development. Hyundai and Kia are working closely with local governments to ensure sustainable operations, including renewable energy sourcing and waste management systems.
This $1 billion commitment underscores Hyundai and Kia’s confidence in India’s EV potential and their intent to be key players in shaping its future. As global automakers race to electrify, this move positions the Korean duo at the forefront of India’s green mobility revolution.
