As part of its 2030 roadmap, Hyundai plans to launch 26 new models in India, including seven entirely new nameplates. This expansion will mark the company’s entry into the multi-purpose vehicle (MPV) and off-road SUV segments
Hyundai plans to introduce its premium luxury brand, Genesis, in the Indian market the by 2027. Representational Pic
Hyundai Motor India Limited (HMIL) has unveiled a major investment plan of Rs 45,000 crore by FY2030 to accelerate its next phase of growth, strengthen localisation efforts, and enhance manufacturing capabilities in India. The announcement comes as the company marks 29 years of operations in the country.
According to the news agency ANI, the strategic roadmap was shared during Hyundai's first-ever Investor Day, held on Wednesday. Jose Munoz, President and CEO of Hyundai Motor Company (HMC), announced the plan, highlighting India’s growing importance in Hyundai’s global portfolio. He stated that by 2030, India is expected to become the company’s second-largest region worldwide, aligning with Prime Minister Narendra Modi’s 'Make in India' initiative.
“Following our landmark IPO last year and 29 successful years in India, Hyundai Motor India is now set to enter its next growth phase with an investment of Rs 45,000 crore. By 2030, we envision HMIL becoming our second-largest global region and a key export hub, contributing up to 30 per cent of our total exports,” Munoz said, reported news agency ANI.
As part of its 2030 roadmap, Hyundai plans to launch 26 new models in India, including seven entirely new nameplates. This expansion will mark the company’s entry into the multi-purpose vehicle (MPV) and off-road SUV segments.
The automaker also confirmed that it will roll out India’s first locally manufactured, dedicated electric SUV by 2027. Additionally, Hyundai plans to introduce its premium luxury brand, Genesis, in the Indian market the same year.
Hyundai targets over 15 per cent domestic market share by FY2030, with utility vehicles (UVs) expected to account for over 80 per cent of its sales. 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.
As per ANI, speaking on the occasion, Unsoo Kim, Managing Director of HMIL, said the company's investment plan reflects its long-term commitment to India's growing mobility ecosystem. "We are targeting a revenue milestone of Rs 1 lakh crore by FY2030 while sustaining strong double-digit EBITDA margins. Our focus remains on creating long-term shareholder value with a healthy dividend payout guidance of 20 per cent-40 per cent," he said.
Tarun Garg, Whole-time Director and COO of HMIL, emphasised that the company's growth will be driven by India-centric products and customer-focused strategies. "Our 2030 roadmap aims to redefine HMIL's growth trajectory and strengthen our leadership in the high-growth SUV segment. We are also expanding our sales and service network to cover 85 per cent of India's districts, with rural markets expected to contribute nearly 30 per cent of total sales," he added.
Hyundai is also investing heavily in manufacturing innovation, advancing toward a Software Defined Factory model to boost operational efficiency and localisation. The company said it will continue to play a central role as Hyundai's global export hub, underscoring India's strategic importance in its international operations.
With this roadmap, Hyundai Motor India aims to achieve 1.5 times revenue growth by FY2030 and reinforce its position as one of the leading automotive manufacturers in the country.
(With ANI inputs)
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