By FY2030, Hyundai Motor India plans to invest ₹45,000 crore with a revenue target of ₹1 lakh crore.

Hyundai Motor India Limited (HMIL) has announced its most ambitious growth plan yet — an investment of ₹45,000 crore through FY2030 to accelerate its expansion across products, technology, and manufacturing. This milestone underscores the South Korean automaker’s deep, long-term commitment to India, which it now positions as a cornerstone of its global strategy.

The announcement was made at Hyundai’s first-ever CEO Investment Day in Mumbai, where the company presented its Vision 2030 roadmap, focused on India-specific products, advanced manufacturing, and sustainable mobility. The eight-year plan, which includes 26 new product launches, aims to make India Hyundai’s second-largest market globally and a major export hub contributing up to 30% of global shipments.

“Following our landmark IPO last year and 29 years of success in India, Hyundai Motor India plans to invest ₹45,000 crore through FY2030 to drive our next phase of growth,” said José Muñoz, President & CEO, Hyundai Motor Company and Hyundai Motor North America. “India is a strategic priority in Hyundai’s global vision. By 2030, it will become our second-largest region, aligned with the Hon’ble Prime Minister Shri Narendra Modi’s ‘Make in India’ initiative. Our goal is to make India a global export hub contributing up to 30% of Hyundai’s total shipments.”

26 Upcoming Launches: Focus on Electrification and Premiumisation

The Vision 2030 roadmap includes 26 new models, featuring Hyundai’s first locally manufactured electric SUV by 2027 and the launch of its premium brand, Genesis, in India the same year. This strategy will strengthen Hyundai’s position across both mainstream and luxury segments.

HMIL aims to achieve 1.5x revenue growth, surpassing ₹1 lakh crore in revenue by FY2030, while maintaining strong double-digit EBITDA margins and sound financial discipline.

“Our investment reflects Hyundai’s strategic vision to deliver advanced mobility solutions built around innovation, technology, and customer aspirations,” said Unsoo Kim, Managing Director, HMIL. “We are targeting a ₹1 lakh crore revenue milestone by FY2030 with sustained profitability. We’re also committed to long-term value creation for our shareholders, guided by a healthy dividend payout ratio of 20–40%.”

SUV-Led Growth and Localisation

The company’s transformation strategy is anchored in its dominant position in the SUV segment, which contributes significantly to its current sales. Hyundai aims to capture over 15% domestic market share, driven by a diverse product lineup spanning ICE, CNG, hybrid, and EV powertrains.

“Through this transformative roadmap, Hyundai is focused on achieving 15%+ market share in India’s high-growth SUV segment, backed by robust product planning and customer-centricity,” said Tarun Garg, Whole-time Director & COO, HMIL.

By 2030, Hyundai projects that over 80% of its sales will come from utility vehicles, and more than 50% from eco-friendly powertrains — including CNG, hybrid, and electric — reinforcing its commitment to sustainable mobility leadership in India.

Building for the Future

As Hyundai marks nearly three decades in India, its focus is evolving from sheer scale to sustainability and innovation. The company’s new Software-Defined Factory concept will emphasize intelligent manufacturing, enhanced localisation, and a more resilient supply chain.

“The fundamentals are strong, the strategy is clear, and the team is energized. Above all, we have earned the trust of Indian customers over the past 29 years,” Muñoz concluded, reflecting Hyundai’s renewed growth journey in India.

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