Hyundai Motor Co has unveiled plans to launch India’s first locally designed electric vehicle and expand capacity at its Pune plant, as part of its global 2030 roadmap that emphasizes electrification, hybrids, and large-scale investments.
18 Sep 2025 | 7295 Views | By Akbar Merchant and Ketan Thakkar
Hyundai Motor Co on Thursday said it will launch India’s first locally designed electric vehicle and expand capacity at its Pune plant by 250,000 units by 2030, reinforcing the South Korean automaker’s long-term commitment to the world’s third-largest car market.
At the company’s first CEO Investor Day outside Korea, ...
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Hyundai Motor Co on Thursday said it will launch India’s first locally designed electric vehicle and expand capacity at its Pune plant by 250,000 units by 2030, reinforcing the South Korean automaker’s long-term commitment to the world’s third-largest car market.
At the company’s first CEO Investor Day outside Korea, held in New York, Hyundai Motor President and CEO José Muñoz outlined the brand’s global 2030 targets of 5.55 million sales, with 60% coming from electrified models, including 18+ hybrids and a comprehensive EV lineup. “We are delivering comprehensive electrified portfolios across all segments, localizing production in key markets, and leveraging breakthrough technologies. Our ability to adapt quickly, combined with the power of Hyundai Motor Group’s 50+ affiliates and our unwavering commitment to customers, will enable us to continue unlocking tremendous value,” Muñoz said.
Hyundai has announced plans to launch six electric vehicles in India by 2030, with further details expected at an Investor Day in Mumbai on Oct. 15. The company is also preparing to bring hybrid models to India as part of its broader electrification strategy. Autocar Professional had exclusively reported that one of the upcoming EVs is a sub-compact SUV codenamed HE1i. Hyundai has engaged with Exide Industries and Amara Raja to localize battery packs for its future EV range. Local management has said the goal is to achieve a higher share in EVs than in its current internal combustion engine (ICE) portfolio, where it is the country’s second-largest carmaker.
Hyundai’s India roadmap is backed by additional capacity at its Pune multi-model export hub. The facility will cater to both local demand and exports, contributing 250,000 units to the group’s planned global expansion of 1.2 million vehicles by 2030.
Globally, Hyundai also announced plans to introduce extended-range EVs capable of more than 600 miles (960 km) on a single charge from 2027, along with next-generation battery technologies and software-defined vehicle platforms.
The company’s Investor Day presentation also detailed a 30% targeted reduction in battery costs, cloud-based battery management systems from 2026, and the rollout of its Pleos operating system to enable software-defined vehicles. Its luxury arm Genesis will add hybrid, extended-range, and battery electric models. At the same time, strategic partnerships with Waymo, General Motors, and Amazon Autos are expected to support future growth. Hyundai’s CFO Seung Jo (Scott) Lee raised the company’s revenue growth target to 5–6% and announced a KRW 77.3 trillion investment plan through 2030, including KRW 30.9 trillion for R&D.