Hyundai Motor India shares surged more than 2 percent in early trade on Wednesday, emerging among the top gainers on the Nifty 100 after its South Korean parent, Hyundai Motor Group, announced plans to invest $15.5 billion in India through 2032. The investment will support manufacturing capacity expansion, research and development, and other initiatives as the automaker strengthens its presence in the world's third-largest car market.
Hyundai Motor India stock climbed 2.4 percent to Rs 2,011, extending Tuesday's 1.2 percent gain ahead of the investment announcement. Despite the recovery, the stock remains down 13.7 percent so far in 2026, compared with a 13 percent decline in the Nifty 50. The company's market capitalisation stood at Rs 1.62 lakh crore.
The gains came amid a largely flat broader market. At 9:24 am, the Sensex was up 42.60 points, or 0.06 percent, at 73,076.38, while the Nifty slipped 2.90 points, or 0.01 percent, to 22,719.05. Market breadth remained positive, with 1,649 shares advancing against 1,151 declining.
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Hyundai Motor Group on Tuesday unveiled a seven-year investment programme covering 2026 to 2032, aimed at expanding its manufacturing and technological capabilities in India. The plan includes approximately $700 million for its Indian research and development centre, additional production capacity, a vehicle testing track and the establishment of a dedicated investment entity.