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KOLKATA: Hyundai Motor India Limited (HMIL) on Wednesday has unveiled a strategic roadmap that underscores its commitment to the Indian market with a massive Rs 45,000 crore investment over the next five years.
This ambitious plan is set to transform India into Hyundai's second-largest global region by 2030, aligning with the Indian government's 'Make in India' initiative.The investment will fuel a series of strategic initiatives, including the launch of 26 new products by FY2030, with seven entirely new nameplates. Among these, Hyundai plans to introduce India's first locally manufactured dedicated electric SUV by 2027, marking a significant milestone in the country's automotive landscape.
Additionally, the luxury Genesis brand will make its debut in India by 2027, catering to the burgeoning demand for premium vehicles.Hyundai's vision extends beyond product launches, as it aims to capture over 15% of the domestic market share. The company is set to enhance its presence in the high-growth SUV segment, with a target of over 80% contribution from utility vehicles by FY2030. Furthermore, Hyundai is committed to sustainable mobility, with plans to ensure that more than 50% of its portfolio is powered by eco-friendly technologies, including CNG, EV, and hybrid powertrains.
José Muñoz, President & CEO of Hyundai Motor Corporation, emphasized the strategic importance of India in Hyundai's global growth vision. "By 2030, HMIL will be our second-largest region globally. Our commitment is comprehensive: 26 product launches, India's first locally manufactured dedicated electric SUV, and the launch of our luxury brand Genesis. The fundamentals are strong, the strategy is clear, and we have the trust of Indian customers built over 29 years," he stated.The financial outlook is equally promising, with HMIL targeting a revenue milestone of Rs 1 lakh crore by FY2030, supported by sustained double-digit EBITDA margins. The company also announced a dividend payout guidance of 20% to 40%, reflecting its commitment to creating long-term value for shareholders.With these strategic initiatives, Hyundai Motor India is poised to reinforce its position as a key export hub, targeting up to 30% export contribution by 2030.
The company is also advancing towards a Software Defined Factory, driving localization, and strengthening manufacturing excellence.HMIL managing director Unsoo Kim highlighted the company's focus on delivering smart mobility solutions enriched with world-class products and cutting-edge technologies. "Our robust investment plans reflect HMIL’s strategic expansion and our vision to deliver smart mobility solutions for India’s aspiring and fast-growing customer base," he said.HMIL whole-time director & COO Tarun Garg, who is set to take over as managing director and chief executive officer from Jan 1, 2026, added, “This transformative 2030 roadmap serves as a pivotal catalyst in redefining HMIL’s growth trajectory and propelling us to new heights through well-aided strategic initiatives. As we chart our course through this transformative evolution, HMIL sets out target to achieve 15%-plus market share in domestic market underpinned by India centric product launches.
We remain steadfast to augment our presence in high-growth SUV segment driven by robust product strategy and customer centric approach, thereby, targeting over 80% UV contribution by 2030."As part of its inclusive growth strategy, Hyundai plans to extend its sales and service network to cover 85% of India's districts, with rural markets expected to contribute 30% of total sales by FY2030. This deepening reach across Bharat underscores Hyundai's commitment to serving diverse customer needs across the country.
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