Hyundai Motor India Targets 15% Market Share with 26 New Launches by FY2030

Hyundai Motor India has announced plans to invest ₹45,000 crore by FY2030 as part of its growth roadmap to increase its domestic market share to over 15 per cent. The company outlined these plans at its first investor day in Mumbai on Wednesday, where it detailed a strategy focused on product expansion and deeper market penetration.

The carmaker will launch 26 products by FY2030, including seven new nameplates that will mark its entry into the multi-purpose vehicle and off-road SUV segments. These launches form part of Hyundai's India-centric product strategy to capture a larger share of the passenger vehicle market.

A focus area for the company is the utility vehicle segment, where it plans to significantly expand its presence. Hyundai has set a target for SUVs to contribute over 80 per cent to its portfolio by FY2030. This represents a substantial increase from the current portfolio share, where SUVs accounted for 68.5 per cent of domestic sales in FY2024-25. The company aims to raise this contribution by approximately 11.5 percentage points over the next five years.

The roadmap also includes plans to launch India's first locally manufactured dedicated electric SUV by 2027, alongside introducing its luxury brand Genesis to the Indian market by the same year. Hyundai expects eco-friendly powertrains, including CNG, hybrid and electric vehicles, to account for more than 50 per cent of its portfolio by FY2030.

Tarun Garg, Hyundai Motor India's whole-time director and chief operating officer, stated that the company will augment its presence in the SUV segment through product strategy and customer-centric approach. The carmaker plans to offer a comprehensive range of powertrain options spanning internal combustion engine, CNG, electric and hybrid technologies by the end of the decade.

The company also outlined plans to strengthen its manufacturing capabilities by developing software-defined factories and enhancing localisation. Export contribution is projected to reach up to 30 per cent of overall production by 2030, reinforcing India's position as a key export hub for Hyundai globally.

By FY2030, Hyundai's sales and service network will extend to 85 per cent of India's districts, with rural markets expected to contribute 30 per cent of total sales. The company is targeting revenues of ₹1 lakh crore by FY2030, up from ₹69,200 crore in FY2025, whilst maintaining double-digit EBITDA margins between 11 and 14 per cent.

Jose Munoz, president and chief executive of Hyundai Motor Company, said India is a strategic priority in Hyundai's global growth vision and the country will become the company's second-largest region globally by 2030. The investment plan marks Hyundai's commitment to the Indian market following its initial public offering last year.