Hyundai Motor Plans India as Strategic Export Hub Ahead of 2024 IPO
Hyundai Motor Group is positioning India as a key export hub ahead of its planned 2024 IPO for Hyundai Motor India, with Executive Chair Euisun Chung recently visiting production facilities in Chennai, Pune, and Anantapur. The plants have a combined capacity of 1.5 million vehicles, contributing to the group's 20% market share in India. Additionally, Chung's recent engagements included discussions on electric vehicle collaborations with major tech firms at international forums.
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Hyundai Motor Group, led by Executive Chair Euisun Chung, is focusing on India as a strategic export hub following plans to list Hyundai Motor India on the stock market in 2024. Chung visited Hyundai's Chennai and Pune plants and Kia's Anantapur plant, which have a combined output capacity of 1.5 million vehicles and contribute to the group's 20% market share in India.
During a 10-day trip, Chung also attended the Korea-China Business Forum and CES 2026 in Las Vegas, where he met with major tech executives and discussed collaborations in electric vehicle batteries with CATL and hydrogen with Sinopec. Hyundai plans to introduce six EV models in China by 2030 and Kia aims to release one new EV model annually until 2027.
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