Investing ₹450 billion, Hyundai India to launch 26 new models by FY30, strengthening its footprint and EV push.
Hyundai Motor India Ltd (HMIL) will invest ₹450 billion and roll out 26 new models by FY2030, aiming to strengthen its market position amid stiff competition from Tata Motors and Mahindra & Mahindra. The announcement was made by Hyundai Motor Co President and CEO Jose Munoz during HMIL’s first Investor Day on Wednesday.
Under its 2030 growth roadmap, HMIL targets up to 30% export contribution, 1.5 times revenue growth, and crossing the ₹1 trillion milestone. The company will also introduce its luxury brand Genesis in India by 2027. Of the 26 planned launches, seven will be new nameplates, including entries into the MPV and off-road SUV segments, while the updated compact SUV Venue is set to launch on November 4.
Hyundai expects SUVs to contribute over 80% of its domestic portfolio by FY2030, up from 68.5% in FY2025. The roadmap also includes India’s first locally manufactured dedicated electric SUV by 2027, with eco-friendly powertrains including CNG, hybrid, and electric vehicles accounting for more than 50% of the portfolio.
Munoz emphasized India’s strategic importance in Hyundai’s global growth, noting that the country will become its second-largest market by 2030. Sixty percent of the investment will focus on product development and R&D, with the remaining 40% allocated to capacity expansion and facility upgrades.
Tarun Garg, Whole-time Director & COO, said the company aims to achieve over 15% market share domestically. He added that Hyundai will become one of the few mass-market OEMs in India to offer a comprehensive range of powertrains spanning ICE, CNG, EV, and hybrid technologies, reflecting a commitment to cleaner and future-ready mobility.
