Hyundai plans 26 launches in India by FY2030, including 20 ICE, 6 EVs. It also aims for a stronger push toward eco-friendly powertrains like hybrids.
By Sanorita
Hyundai is preparing for an aggressive expansion in India’s automotive market, with plans to launch 26 models by 2030. While specific names and segments have not been disclosed, the company has confirmed that the lineup will include 20 internal combustion engine (ICE) models and 6 electric vehicles (EVs). According to Mr. Unsoo Kim, Managing Director of Hyundai Motor India, the company is also exploring the introduction of hybrid and other eco-friendly powertrains. Of the 26 models, eight are expected to launch during FY26 and FY27. However, additional details will be shared during Hyundai’s upcoming investors’ meeting. The EV roadmap is likely to feature both premium offerings, such as the Ioniq 9, which was recently showcased at the Bharat Mobility Global Expo 2025. The next-generation Hyundai Venue and an updated Ioniq 5 are also likely to be part of the lineup.
Hyundai Motor India saw a slight dip of 2.6% in its domestic performance during FY25, with total sales falling to 5.99 lakh units from 6.14 lakh units in FY24. The trend continued in Q4, with a 4.2% year-on-year drop to 1.54 lakh units. On the export side, the company shipped 1.63 lakh units in FY25, showing flat growth from the previous year.
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In comparison, Q4 exports saw notable growth with 14.1% YoY to 38,100 units. Despite facing profitability pressures, Hyundai Motor India demonstrated strong operational efficiency in FY25, achieving a robust EBITDA margin of 12.9%, which further strengthened to 14.1% in the final quarter. However, the company's Profit After Tax (PAT) saw a year-on-year decrease of 6.9% for the full fiscal year and 3.7% in Q4.
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The company acknowledges ongoing market pressures but maintains a positive outlook, with a strategic focus on managing costs and improving operations to protect margins and drive long-term profitability.