Plans 26 product launches including 7 new nameplates; aims for 80% contribution from UVs and 15%+ market share.
15 Oct 2025 | 1617 Views | By Ketan Thakkar, Akbar Merchant
Hyundai Motor India is set to expand into new market segments — including MPVs and off-road SUVs — as part of its aggressive 2030 growth strategy, detailed during the company’s first-ever CEO Investment Day in Mumbai.
Under its India-centric product roadmap, Hyundai confirmed 26 product launches by FY2030, which ...
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Hyundai Motor India is set to expand into new market segments — including MPVs and off-road SUVs — as part of its aggressive 2030 growth strategy, detailed during the company’s first-ever CEO Investment Day in Mumbai.
Under its India-centric product roadmap, Hyundai confirmed 26 product launches by FY2030, which include seven all-new nameplates that will mark its entry into the MPV and off-road SUV segments. The diversification aims to strengthen Hyundai’s already dominant SUV portfolio and widen its appeal across family, lifestyle, and adventure vehicle categories.
Alongside the new additions, Hyundai will introduce six full model changes, six derivatives of existing models, and seven facelifts or enhancements, rounding up to 26 launches by FY30. This aggressive product cadence underscores the brand’s plan to deepen its presence across high-growth categories in India.
“Our commitment is comprehensive: 26 product launches including seven new nameplates, India’s first locally manufactured dedicated electric SUV by 2027, and the launch of our luxury brand Genesis — all while treating every customer like our honoured guest,” said José Muñoz, President & CEO, Hyundai Motor Company. “The fundamentals are strong. The strategy is clear. The team is energised. And most importantly, we have the trust of Indian customers built over 29 years.”
According to Hyundai, the upcoming MPV will allow it to tap into India’s high-volume family segment currently led by Maruti Suzuki and Kia, while the off-road SUV will cater to the growing demand for adventure-oriented vehicles. Both models are expected to play a key role in Hyundai’s target of achieving over 80% UV (utility vehicle) contribution by FY2030.
“Through this transformative 2030 roadmap, HMIL sets out to achieve 15%+ market share in the domestic market, driven by robust product strategy and customer-centric initiatives,” said Tarun Garg, Whole-time Director & COO, HMIL.
He added that Hyundai’s future portfolio will offer a comprehensive powertrain mix — ICE, CNG, hybrid, and EV options — to suit evolving consumer preferences. “By FY2030, our sales and service network will extend to 85% of India’s districts, with rural markets contributing nearly 30% of total sales, reinforcing our inclusive growth strategy,” Garg added.
Hyundai’s Rs 45,000-crore investment plan spans product diversification, EV manufacturing, and deeper localisation, underscoring its long-term commitment to India’s evolving automotive landscape and its ambition to be a key player in the next decade of mobility transformation.