India to become Hyundai’s second-largest region globally; 26 new models to drive next growth phase
15 Oct 2025 | 2098 Views | By Ketan Thakkar & Darshan Nakhwa
Hyundai Motor India Limited (HMIL) has unveiled its most comprehensive growth blueprint yet, announcing an investment of ₹45,000 crore through FY2030 to strengthen its presence across product, technology, and manufacturing fronts. The move signals the South Korean carmaker’s long-term commitment to India — a market it now sees as central ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
Hyundai Motor India Limited (HMIL) has unveiled its most comprehensive growth blueprint yet, announcing an investment of ₹45,000 crore through FY2030 to strengthen its presence across product, technology, and manufacturing fronts. The move signals the South Korean carmaker’s long-term commitment to India — a market it now sees as central to its global strategy.
The announcement came at Hyundai’s first-ever CEO Investment Day in Mumbai, where the company outlined its Vision 2030 roadmap anchored around India-centric products, advanced manufacturing, and sustainable mobility. The plan, spanning 26 product launches, will make India Hyundai’s second-largest region globally and reinforce its role as a key export hub contributing up to 30 percent of global shipments.
“Following our landmark IPO last year and 29 years of success in India, now HMIL plans an investment of ₹45,000 crores through FY2030 to drive the next phase of growth,” said José Muñoz, President & CEO, Hyundai Motor Company and Hyundai Motor North America. “India is a strategic priority in Hyundai’s global growth vision. By 2030, HMIL will be our second-largest region globally, aligned with the Honorable Prime Minister Shri Narendra Modi’s vision of ‘Make in India.’ We’re making India a global export hub, targeting up to 30% export contribution.”
26 New Launches, Focus on Electrification and Premiumisation
The eight-year roadmap includes 26 new models, among them India’s first locally manufactured dedicated electric SUV by 2027 and the launch of Hyundai’s luxury marque, Genesis, in the same year. Together, these will deepen Hyundai’s play across both mainstream and premium segments.
The company is targeting 1.5X revenue growth to cross the ₹1-lakh-crore mark by FY2030, backed by sustained double-digit EBITDA margins and disciplined financial execution.
“Our robust investment plans reflect HMIL’s strategic expansion and our vision to deliver smart mobility solutions enriched with world-class products and cutting-edge technologies for India’s aspiring and fast-growing customer base,” said Unsoo Kim, Managing Director, HMIL. “As we chart this growth trajectory, we are targeting a revenue milestone of ₹1 lakh crore by FY2030, while sustaining strong double-digit EBITDA margins. Most importantly, we remain deeply committed to creating long-term value for our shareholders by announcing a healthy dividend payout guidance of 20–40%.”
SUV-Led Strategy and Localisation Thrust
HMIL’s transformation plan hinges on its growing strength in the SUV space, which already accounts for a significant share of its sales. The company aims to achieve over 15 percent domestic market share, driven by a product strategy that spans ICE, CNG, hybrid, and EV powertrains.
“Through this transformative 2030 roadmap, HMIL sets out to achieve 15%+ market share in domestic presence in high-growth SUV segment driven by robust product strategy and customer-centric approach,” said Tarun Garg, Whole-time Director & COO, HMIL.
By 2030, Hyundai expects over 80 percent of its sales to come from utility vehicles and more than 50 percent from eco-friendly powertrains — including CNG, hybrid, and EV models — underscoring its intent to be a leading force in India’s transition toward sustainable mobility.
Building for the Next Decade
As Hyundai completes nearly three decades in India, the company’s focus is shifting from scale to sustainability — both environmental and financial. Its new “Software-Defined Factory” concept will emphasize intelligent manufacturing, deeper localisation, and supply-chain resilience.
“The fundamentals are strong. The strategy is clear. The team is energized. And most importantly, we have the trust of Indian customers built over 29 years,” said Muñoz, summing up Hyundai’s renewed India play.