Latest Car News in India

The Korean carmaker Hyundai Motors has announced to invest Rs 45,000 crore in the Indian car market in the next five years. The announcement came during Hyundai’s first-ever CEO-Investor Meet in Mumbai, attended by José Muñoz, President and CEO of Hyundai Motor Company. According to reports, Hyundai will introduce 26 new models, including seven completely new models, marking its entry into the multi-purpose vehicle (MPV) and off-road SUV segments. The company aims to increase its income by 1.5 times and cross the Rs 1 trillion milestone within five years.

 

 

Muñoz said Hyundai is making India a global export hub and plans to export 30% of its products from India by 2030. “Our commitment is comprehensive—26 launches, seven new nameplates, India’s first locally manufactured electric SUV by 2027, and the debut of our luxury brand Genesis,” he said.

 

The company’s EV localisation strategy will roll out in two phases. Phase 1 will involve local assembly of EVs at its Chennai facility along with a flexible battery plant. Phase 2 will focus on localising the supply chain to create a self-reliant EV ecosystem in India. In the words of Unsoo Kim, Managing Director of HMIL, the company is targeting double-digit EBITDA margins and a dividend payout of 20–40%. Meanwhile, COO Tarun Garg said that Hyundai aims to capture over 15% of the domestic market share by launching SUVs enriched with technology optimised in line with the requirements of Indian buyers. 

 

By FY30, Hyundai plans to export 30% of its total production, with major shipments going to West Asia, Africa, and Latin America. The company will also continue in the entry-level car segment, focusing on affordable and safe mobility options. Garg added that more than 50% of Hyundai’s portfolio will feature eco-friendly technologies by FY30. The automaker’s sales and service network will cover 85% of India’s districts, with rural markets expected to contribute 30% of sales.