Hyundai is looking to bolster its presence in India and make it its second biggest market in the world after the US. Emphasising that “India is more important to us than China”, Hyundai Motor Company president and CEO, Jose Munoz, stated the company will make fresh investments worth Rs 45,000 crore that will deliver 26 products by 2030. Munoz was in Mumbai for an ‘Investor Day’.

Stating that the world has seen a big shift from globalisation to localisation over the last 10 years, Munoz said, “We see India as a market that is developing; we believe that it requires localisation and investment in manufacturing capacity and in technology for becoming not just a very strong domestic market but also a very strong export hub.”

On tariffs and their impact, Munoz said things are changing constan

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