Launch of Hyundai Capital India
Hyundai Capital Services announced that its subsidiary, Hyundai Capital India (HCIN), is commencing financial operations in India, marking the company’s entry into one of the world’s three largest automotive markets. HCIN is the 14th financial entity established by Hyundai Capital Services and operates as an independent, fully‑owned stand‑alone NBFC.
Regulatory Foundation
In March 2026, Hyundai Capital Services secured a Non‑Banking Financial Company (NBFC) licence from the Reserve Bank of India (RBI), providing the regulatory basis for offering financial services to Indian customers.
Operational Focus
During the initial phase, HCIN will concentrate on wholesale financing for local automotive dealers, leveraging the country’s vast geography and regional financial variations. The company plans to expand its dealer‑financing network nationwide while simultaneously building a robust sales infrastructure and risk‑management framework in preparation for a future rollout of retail financing to individual customers.
Strategic Context
The launch aligns with Hyundai Motor Group’s broader strategy to strengthen its Indian presence, which includes expanding local production capacity and enhancing its electric‑vehicle (EV) lineup for the market. Hyundai Capital Services currently operates 19 entities across 14 countries, including the United States, Canada, the United Kingdom, Germany, and Australia, underscoring its global footprint and experience in auto‑finance.
Leadership Commentary
Hyung‑Jin David Chung, CEO of Hyundai Capital Services, stated: “Building on the expertise we have developed in Korea and across key global markets, we plan to introduce a range of financing solutions that support the Group’s sales in India. With a disciplined strategy designed for the Indian market, we will work to achieve both sustainable growth and operational stability as we build our business in the country.”
Release Details
The press release, dated 31 August 2026 and issued from Seoul, South Korea, was distributed via PRNewswire. The disclaimer notes that PTI assumes no editorial responsibility for the content.