Hyundai to increase R&D investment in India for growth strategy phase two

11 Oct 2024 CW Team

To secure a larger share of the Indian market, Hyundai recognizes the importance of products tailored to local needs, whether developed in India or not. This strategy requires robust local engineering and research and development (R&D) operations. Sources indicate that Hyundai is planning to increase its previously announced investment of Rs 14 billion for an advanced test track in Telangana by an additional Rs 6 billion. Furthermore, the company is considering an extra Rs 2 billion investment to enhance its R&D centre in Hyderabad. However, Hyundai Motor India did not provide specific details regarding these plans. The Chief Financial Officer and Executive Director, Wangdo Hur, mentioned that the company would focus on enhancing its R&D capabilities for future growth.

On a broader scale, Garg noted that Hyundai would introduce more aggressive products, improve its R&D capabilities, and incorporate advanced technologies. The company’s approach is similar to what Maruti Suzuki India undertook a few years ago, when it established a significant Rs 38 billion R&D and engineering hub in Rohtak, Haryana.

After 26 years in the Indian market, where it began its journey with the tallboy hatchback Santro, Hyundai is intensifying its efforts in its third-largest market (after the USA and Korea). The company has expanded its production capacity in India by 30% with the acquisition of a plant in Talegaon, near Pune, capable of producing 250,000 units per annum. This expansion also provides a logistical advantage for better access to both domestic and export markets.

India is poised to become the first market outside Korea where Hyundai will be listed. As it prepares for its debut on the stock exchanges, the Korean automotive giant has outlined a plan to invest Rs 320 billion in the country over the next 8-10 years. Tarun Garg, the COO of Hyundai Motor India, expressed that the company believes this is the right time to take a significant step forward and further Indianise its operations, aiming to establish itself as a trusted brand in India. To secure a larger share of the Indian market, Hyundai recognizes the importance of products tailored to local needs, whether developed in India or not. This strategy requires robust local engineering and research and development (R&D) operations. Sources indicate that Hyundai is planning to increase its previously announced investment of Rs 14 billion for an advanced test track in Telangana by an additional Rs 6 billion. Furthermore, the company is considering an extra Rs 2 billion investment to enhance its R&D centre in Hyderabad. However, Hyundai Motor India did not provide specific details regarding these plans. The Chief Financial Officer and Executive Director, Wangdo Hur, mentioned that the company would focus on enhancing its R&D capabilities for future growth. On a broader scale, Garg noted that Hyundai would introduce more aggressive products, improve its R&D capabilities, and incorporate advanced technologies. The company’s approach is similar to what Maruti Suzuki India undertook a few years ago, when it established a significant Rs 38 billion R&D and engineering hub in Rohtak, Haryana. After 26 years in the Indian market, where it began its journey with the tallboy hatchback Santro, Hyundai is intensifying its efforts in its third-largest market (after the USA and Korea). The company has expanded its production capacity in India by 30% with the acquisition of a plant in Talegaon, near Pune, capable of producing 250,000 units per annum. This expansion also provides a logistical advantage for better access to both domestic and export markets.

Infrastructure Transport

09 Jan 2026

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

Infrastructure Urban

09 Jan 2026

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

Infrastructure Urban

09 Jan 2026

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..