New Delhi, Oct. 13 -- South Korean Hyundai Motor Group has committed to invest $15.5 billion in India between 2026 and 2032 through a dedicated investment entity, spanning manufacturing capacity expansion, research and development, local supplier development and investments in startups.

In a statement released on Tuesday evening, the group said the investment which will cover both Hyundai Motor India and Kia was discussed during a meeting between executive chair Euisun Chung and Prime Minister Narendra Modi in New Delhi. The investment is expected to create additional employment opportunities across manufacturing, R&D, engineering and supply chains, as per its statement.

The commitment, the group's largest investment pledge for India, c...