Hyundai Motor India Limited (HMIL) has announced an investment plan of Rs 45,000 crore through FY2030 to drive its next phase of growth in India. The company aims to launch 26 new products, including seven new nameplates, as it plans to enter the multi-purpose vehicle (MPV) and off-road sport utility vehicle (SUV) segments. The announcement was made by José Muñoz, President and Chief Executive Officer of Hyundai Motor Company.
The automaker will introduce India’s first locally manufactured dedicated electric SUV by 2027, along with the Genesis luxury brand in the same year.
“Following our landmark IPO last year and 29 years of success in India, HMIL plans an investment of Rs 45,000 crore through FY2030 to drive the next phase of growth. We’re making India a global export hub, targeting up to 30 per cent export contribution,” said Muñoz during Hyundai’s first CEO–Investor Meet in Mumbai.
“Our commitment is comprehensive — 26 product launches, seven new nameplates, India’s first locally manufactured electric SUV by 2027, and the launch of our luxury brand Genesis — all while treating every customer like our honoured guest,” he added.
Hyundai’s electric vehicle localisation strategy will roll out in two phases. The first phase includes local assembly at its Chennai plant and the establishment of a flexible battery plant with locally assembled battery packs. The second phase will focus on supply chain localisation to build a self-reliant automotive ecosystem in India.
The company targets revenue of Rs 1 trillion within five years, with exports contributing up to 30 per cent of total production by FY2030.
“As we chart this growth trajectory, we are targeting a revenue milestone of Rs 1 lakh crore by FY2030, while sustaining strong double-digit EBITDA margins,” said Unsoo Kim, Managing Director of HMIL.
Tarun Garg, Whole-time Director and Chief Operating Officer, stated that Hyundai aims to capture over 15 per cent of the domestic market share by strengthening its presence in the SUV segment.
Hyundai also plans to make India a key global export hub, with 30 per cent of its total production dedicated to exports by 2030. Around 50 per cent of exports will go to the Middle East and Africa, 40 per cent to Central and South America, and 10 per cent to the Asia-Pacific region.
The company’s future product mix will include internal combustion engine (ICE), hybrid, and electric vehicles. More than 50 per cent of its portfolio will feature sustainable technologies. Hyundai’s sales and service network will expand to cover 85 per cent of India’s districts, with rural markets expected to contribute 30 per cent of total sales by FY2030.
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