Hyundai’s ambitious expansion plan is set to provide a significant boost to India’s automobile and auto component ecosystem. Auto ancillary companies such as

MSUMI

, Bharat Forge, and

SUNDRMFAST

are likely to benefit from increased demand for localized parts, advanced components, and R&D-driven manufacturing.

EXIDEIND

and

ARE&M

could gain as Hyundai ramps up its electric vehicle (EV) focus, driving higher battery supply requirements. Tata Elxsi and

KPITTECH

may also see tailwinds due to increased automotive software and engineering design work outsourced by Hyundai for connected and autonomous technologies. Furthermore, Steel Authority of India (SAIL) and JSW Steel could indirectly benefit from higher steel consumption as production capacity expands. Overall, Hyundai’s ₹1-lakh crore roadmap is poised to catalyze growth across the auto, EV, and manufacturing value chain in India.

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