Hyundai commits $15.5 billion to India, eyes global export hub expansion

Hyundai Motor Group on Tuesday announced plans to invest $15.5 billion in India by 2032, signalling its long-term commitment to the country as a major market for its future expansion.The investment programme, spanning seven years, will cover several areas, including around $700 million for Hyundai's research and development centre in India. It will also reportedly fund higher manufacturing capacity and the establishment of a dedicated investment entity."The initiative was discussed during a meeting between Indian Prime Minister Narendra Modi and…