Driven by its 2030 roadmap, Hyundai readies India’s first locally designed EV and a major Pune plant expansion, targeting leadership in the country’s fast-growing electric mobility market.
Hyundai Motor Company has announced plans to launch its first electric vehicle, designed in India, while expanding capacity at its Pune plant. The move is part of the carmaker’s global 2030 strategy that centres on electrification, hybrids and large-scale investments.
At its CEO Investor Day in New York, Hyundai Motor President and CEO José Muñoz set out the company’s target of 5.55 million global sales by 2030, with 60 per cent from electrified models.
The portfolio will include over 18 hybrids and a full line-up of EVs. He said Hyundai was localising production in key markets and leveraging technologies across the Hyundai Motor Group’s 50 affiliates to drive growth.
In India, Hyundai aims to launch six EVs by 2030. One of these, a sub-compact SUV codenamed HE1i, is already in development. The company is also working with Exide Industries and Amara Raja to localise battery packs.
Local executives said Hyundai hopes to achieve a stronger share in EVs than in its current internal combustion engine line-up, where it is already the country’s second-largest carmaker.
To support this ambition, Hyundai will expand its Pune plant by 250,000 units. The facility will serve both domestic and export markets, contributing to the group’s wider plan to raise global production by 1.2 million vehicles.
Globally, Hyundai outlined technology goals including extended-range EVs capable of more than 600 miles per charge by 2027, next-generation batteries, and software-defined vehicle platforms.
A report by Autocar Professional predicted that battery costs are targeted to fall by 30 per cent, aided by cloud-based battery management systems from 2026.
Furthermore, the company’s luxury arm Genesis will add hybrids, extended-range and battery-electric cars. Strategic collaborations with Waymo, General Motors and Amazon Autos are expected to bolster future growth. Hyundai also announced a KRW 77.3 trillion investment plan through 2030, with KRW 30.9 trillion kept aside for R&D.
