Hyundai global CEO expects SUV, MPV to account for 72% of the Indian market

Sales of SUVs and MPVs are surging across India, mirroring global market trends. According to Hyundai Motor India, the combined penetration of these body styles is projected to touch 72 percent of total passenger vehicle sales by FY2030. Riding this wave, the Korean carmaker has set an ambitious target — to command a lion’s share of around 82 percent within this fast-growing segment.

The announcement came during Hyundai’s first India Investor Day, where the company outlined its future growth roadmap. The brand previewed an expansive product pipeline comprising multiple new SUVs and an all-new MPV that will go on sale in the coming years.
 

Hyundai already enjoys a strong foothold in India’s SUV space. In FY2024-25, SUVs accounted for 68.5 percent of its domestic sales — a steady rise from 63.2 percent a year earlier. With the overall market shifting further towards larger body styles and Hyundai’s product strategy aligned with this demand, its 82 percent segment share target by FY30 appears well within reach.

Expanding product portfolio aimed to facilitate additional market share

By 2030, Hyundai India will introduce seven all-new nameplates, spanning various body styles and powertrain options, including internal combustion, hybrid, and electric. The company has also confirmed plans for a brand-new MPV, marking its first-ever entry into this body style in India.

Alongside the new additions, Hyundai has lined up six full model changes, six derivatives of existing models, and seven product enhancements or facelifts. Together, these will amount to 26 product launches by FY30, underlining the brand’s aggressive push to strengthen its presence across key segments.