Hyundai Bets Big on India: 26 New Models by 2030

Hyundai is prioritizing India for its international growth, unveiling a substantial product expansion plan. By 2030, the automaker intends to introduce 26 new and redesigned models specifically for the Indian market. This initiative aims to significantly increase production capacity and domestic component sourcing.

The company is investing ₹45,000 crore over the next five years, positioning India as its second-largest global region. This strategy focuses on meeting the growing demand for SUVs, with a goal of 80% of sales coming from this segment by 2030.

Hyundai's global plan also includes a significant shift towards electrification, with 60% of worldwide sales expected to be EVs by 2030. The company is committed to expanding its diverse powertrain options, including petrol, hybrid, and electric vehicles, to cater to varied market needs and preferences.

Furthermore, Hyundai seeks to establish India as a key export hub, enhancing its manufacturing capabilities and competitiveness. This expansion extends beyond vehicles to include robotics, with production slated to begin in 2028.