Hyundai Inaugurates Pune Plant, Invests ₹11,000 Crore, Boosts Exports
Hyundai Motor India Limited inaugurated its Pune plant on October 14, 2026, investing up to ₹11,000 crore. The facility will scale capacity to 320,000 units by 2030 and boost exports. This milestone is celebrated alongside 30 years in India and 4 million cumulative vehicle exports.
The inauguration of a new plant with substantial investment and a clear plan for capacity expansion and increased exports will have a significant impact on the company's production capabilities, market share, and overall financial performance.
The announcement details a significant investment in a new manufacturing facility, capacity expansion, and a record in exports, all positive developments for the company's growth and presence in India.
Hyundai Motor India Limited (HMIL) has formally inaugurated its new manufacturing facility in Talegaon, Pune, Maharashtra, on October 14, 2026. The plant was inaugurated by Shri. Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra. This inauguration coincides with HMIL celebrating 30 years in India and achieving cumulative exports of 4 million passenger vehicles, making it the largest exporter of passenger vehicles from India. The company has also sold approximately 10 million passenger vehicles domestically.
The Pune plant, designed on Industry 4.0 principles with AI-enabled systems, has an initial annual installed capacity of 170,000 units, with plans to scale up to 320,000 units by 2030. HMIL will invest up to ₹11,000 crore in phases at this facility. The new plant will exclusively manufacture the All New Hyundai VENUE for global markets, with plans to expand exports to over 35 countries. The facility is equipped with future-ready production lines supporting multiple ICE and Hybrid models and features an advanced digital factory ecosystem.
Mr. Euisun Chung, Executive Chair of Hyundai Motor Group, highlighted India as a strategic market and expressed confidence in its future. Mr. Tarun Garg, Managing Director & CEO of HMIL, emphasized the plant's role in driving industrial development, innovation, and employment in the region, supported by a strong supplier ecosystem. The company is also committed to India's future through research, electrification, and talent development, working with Indian institutions on battery and mobility research.
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