Hyundai Capital has launched Hyundai Capital India, its 14th overseas finance subsidiary, after converting an existing Indian advisory entity into a full-fledged finance company. The stand-alone operation, which has independent management and no local joint-venture partner, began after receiving a Non-Banking Financial Company license from the Reserve Bank of India in March. It will initially provide financing to local auto dealers before expanding into retail auto finance, while building its nationwide financial network, sales capabilities and risk-management systems. The move supports Hyundai Motor Group’s expansion in India, the world’s third-largest automobile market. Hyundai Capital operates 19 overseas entities across 14 countries, and overseas subsidiaries remain central to its results. Consolidated first-half 2026 net profit rose 18% year over year to 320 billion won, while Germany, Canada and France reported assets of 21.37 trillion won, 16.58 trillion won and 6 trillion won, respectively.