Hyundai Bets Big On India: Rs 45,000 Crore Investment, 26 Launches By 2030; Locally Made Electric SUV By 2027

Hyundai Motor India announced today (15 October) a major investment of Rs 45,000 crore by FY2030 to accelerate growth and strengthen its manufacturing capabilities in the country.

The South Korean automaker's president and chief executive Jose Munoz shared the strategic roadmap during the company's first-ever investor day in Mumbai, declaring that India will emerge as Hyundai's second-largest region globally by 2030.

Under the comprehensive 2030 roadmap, Hyundai Motor India plans 26 product launches by FY2030, including seven new nameplates, marking its entry into the MPV and off-road SUV segments.

Sixty per cent of the investment will be on product and R&D, and the remaining 40 per cent on capacity and upgradation.

The company also aims to roll out a locally designed, developed and manufactured dedicated electric SUV for the Indian market by 2027, alongside plans to launch its luxury brand Genesis in the same year.

HMIL Managing director Unsoo Kim revealed that the company is targeting a revenue milestone of Rs 1 lakh crore by FY2030 while sustaining strong double-digit EBITDA margins, with a dividend payout guidance of 20-40 per cent.

Hyundai targets over 15 per cent domestic market share by FY2030, with utility vehicles expected to account for over 80 per cent of its sales.

The investment plan positions India as a critical global export hub, with the company targeting up to 30 per cent export contribution in alignment with the Make in India initiative.

Eco-friendly powertrains comprising CNG, hybrid, and electric models are projected to contribute more than 50 per cent to its portfolio by the end of the decade.

HMIL Whole-time director Tarun Garg emphasised that the sales and service network will extend to 85 per cent of India's districts, with rural markets expected to contribute nearly 30 per cent of total sales.

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