Press Release

Date: October 13, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 SYMBOL: HYUNDAI SCRIP CODE: 544274 Dear Sir/Ma’am Sub: Press Release issued by Hyundai Motor Group Please find enclosed herewith a copy of the Press Release issued by Hyundai Motor Group today. Kindly take the same on record. Thanking you, For Hyundai Motor India Limited Pradeep Chugh Company Secretary & Compliance Officer Encl: As above Hyundai Motor India Ltd. Corporate Office: Plot No. C11& C11A, City Centre, Urban Estate Regd. Office: Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Gurgaon II, Sector 29 Gurugram, Haryana – 122001, India Sriperumbudur Taluk, Kancheepuram District, Tamil Nadu-602117, India. T+91(124) 6962000 CIN (Corporate Identity Number): L29309TN1996PLC035377, T +91(44) 47100000 www.hyundai.com/in/en Media contact Danny Joo Global PR kyungdon@hyundai.com Hyundai Motor Group to Accelerate India Growth with USD 15.5 Billion Automotive Ecosystem Investment ▪ Hyundai Motor Group to invest USD 15.5 billion from 2026 through 2032, positioning India as a core strategic market driving future growth and expansion across emerging markets ▪ Hyundai Motor Group Executive Chair Euisun Chung and Indian Prime Minister Hon’ble Shri Narendra Modi Ji discuss India’s automotive industry future and long- term growth strategy ▪ Hyundai Motor Group’s investment spans manufacturing expansion, R&D infrastructure development, local supplier cultivation and future technology innovation to advance India’s automotive industry ecosystem ▪ Hyundai Motor Group to establish a dedicated investment entity in India for seamless execution and efficient capital management ▪ Investment to strengthen India's automotive sector, enhance global technology competitiveness and bolster the nation as a global export hub NEW DELHI, October 13, 2026 – Hyundai Motor Group (the Group) today announced a comprehensive investment strategy for India, committing USD 15.5 billion from 2026 through 2032. The initiative positions India as a strategic core market for the Group's future growth, emerging market expansion, and next-generation automotive innovation. The initiative was discussed during a meeting between Indian Prime Minister Hon’ble Shri Narendra Modi Ji and Hyundai Motor Group Executive Chair Mr. Euisun Chung at the Prime Minister’s Office in New Delhi on October 13, 2026, reflecting the Group's commitment to strengthening its presence in India and contributing to the nation's automotive sector growth. Hyundai Motor Group 12 Heolleung-ro, Seochogu, www.hyundaimotorgroup.com Seoul, 06797, Korea Disclaimer: Hyundai Motor Group believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader. Media contact Danny Joo Global PR kyungdon@hyundai.com The seven-year investment spans manufacturing expansion, research and development (R&D) infrastructure development, local supplier cultivation for parts localization and future technology innovation - fostering a comprehensive automotive industry ecosystem in India. To effectively execute this large-scale investment initiative, the Group will establish a dedicated investment entity in India. The entity will systematically coordinate and execute investments across R&D infrastructure, future technologies and the broader automotive industry ecosystem. Additionally, it will serve as a platform to identify outstanding local partners, support strategic partnerships and foster collaboration with excellent local suppliers. “India remains one of Hyundai Motor Group’s most important and strategic markets globally. The past 30 years have been defined by our commitment to India. This investment reaffirms our commitment to India for the next 30 years and beyond. Through this investment, we will create more employment opportunities and work together with our partners and stakeholders to support India’s continued industrial development.” – Euisun Chung, Executive Chair, Hyundai Motor Group. How Will Hyundai Motor Group Strengthen India's Automotive Ecosystem? The investment extends far beyond new facility development. The Group will build a comprehensive automotive ecosystem in the following key areas: ▪ Manufacturing Expansion: The Group plans to expand manufacturing capacity across Hyundai Motor India Limited and Kia India Pvt. Limited to support significant volume growth while ensuring localization to meet India’s market demands. This expansion will position India as one of the leading global export platforms for the Group. ▪ R&D Infrastructure and Technology: The Group plans to establish a complete R&D system in India through infrastructure expansion and local talent cultivation. A key focus is strengthening technological competitiveness through the Group's Indian R&D center. With approximately USD 700 million investment planned in the R&D center, including its vehicle testing track, the Group will accelerate next-generation automotive technology development and establish India as a core innovation hub. Hyundai Motor Group 12 Heolleung-ro, Seochogu, www.hyundaimotorgroup.com Seoul, 06797, Korea Disclaimer: Hyundai Motor Group believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader. Media contact Danny Joo Global PR kyungdon@hyundai.com ▪ Local Supply Chain Resilience: The Group will strengthen local supply chain and support supplier development in India through strategic investments in regional partners. These partnerships will enhance parts localization, identify excellent local suppliers and build a stable, resilient supply-chain ecosystem across the Indian automotive industry. ▪ Future Mobility Innovation: The Group aims to lead India's future mobility ecosystem through strategic investments in emerging opportunities. This includes support for high-potential startups and expansion into new mobility services integrated with its core vehicle business. The Group will also explore opportunities in new business verticals including specialized automotive financing, EV charging infrastructure, and end-of-life vehicle recycling. What Economic Impact Will This Investment Generate? Hyundai Motor Group employs more than 24,000 people across India. This comprehensive investment is expected to create high-quality employment opportunities across manufacturing, R&D, engineering, and supply chain sectors. Beyond direct job creation at Hyundai Motor Group facilities, the investment will stimulate employment across the broader automotive ecosystem through supplier partnerships, technology development and emerging mobility ventures. The initiative is expected to contribute significantly to India's economic development while building a robust local talent pool in advanced automotive technologies. Why is India Important to Hyundai Motor Group's Future Growth? India represents one of the world's fastest-growing automotive markets and a critical platform for The Group's mid-to-long-term strategy. Hyundai Motor Group has established comprehensive production capacity of more than 1.4 million vehicles annually across India, encompassing HMIL's facilities in Chennai (824,000 units capacity), HMIL's latest manufacturing facility in Pune (170,000 units capacity), and Kia India's Anantapur plant (431,000 units capacity). As Pune's capacity is scheduled to be scaled up in phases, the Group's India manufacturing footprint will continue to expand. Hyundai Motor Group 12 Heolleung-ro, Seochogu, www.hyundaimotorgroup.com Seoul, 06797, Korea Disclaimer: Hyundai Motor Grou [Showing first 8,000 characters — download PDF for full document]