Hyundai plans to invest Rs 45,000 crore in India by FY2030 to drive long-term growth and bolster its presence in the growing industry.
By Sanorita
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Hyundai has revealed its progressive roadmap for India, pledging a massive Rs 45,000 crore investment by FY2030 to drive long-term growth. One of the notable highlights of the plan is Hyundai's focus on debuting hybrid technology in the country, with eight models in the lineup by the end of the decade. These launches will be a part of a larger 26 models that the company has planned for the Indian market.
Although Hyundai has a strong hybrid presence globally, it hasn’t launched a single such model in India so far. Hyundai has not made any official announcements, but upcoming hybrids are expected to cover everything from everyday commuters to premium SUVs. The lineup could include both new models and versions of the existing models.
According to industry speculations, Hyundai's best-selling model, the Creta SUV, may come with a hybrid version. If this turns out to be true, the hybrid Creta could pose a strong competition to the popular Maruti Suzuki Grand Vitara, and the Victoris.
Also Read: Hyundai to Launch Made-in-India Genesis Luxury Cars in India in 2027
Commenting on this, Tarun Garg, Whole-time Director & COO, HMIL, said, '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 a target to achieve 15%+ market share in the domestic market underpinned by India-centric product launches.
We remain steadfast to augment our presence in the high-growth SUV segment, driven by a robust product strategy and customer-centric approach, thereby targeting over 80% UV contribution by FY2030.'
He also added, 'We are set to become one of the very few mass-market OEMs in India to offer a comprehensive range of powertrain options spanning ICE, CNG, EV, and Hybrid technologies, with more than 50% of our portfolio powered by cleaner and more sustainable technologies, reflecting our commitment to future-ready mobility.
By FY2030, our sales and service network will extend to 85% of India’s districts, with rural markets expected to contribute 30% of total sales, underscoring our inclusive growth strategy and deepening reach across Bharat.'
Also Read: Hyundai's First India-Specific EV Confirmed for Launch
Hyundai Motor Group garnered headlines earlier this year with the global debut of its new hybrid powertrain system. The system supports two configurations: a larger 2.5-litre turbo-petrol and a smaller 1.6-litre turbo-petrol unit, each paired with electric motors to form a robust hybrid setup.
In India, where fuel efficiency and pricing play a critical role in buying decisions, the 1.6-litre hybrid engine is expected to be at the heart of Hyundai's initial hybrid portfolio. More details on the specific models are anticipated to be revealed later.