Hyundai Drives Forward: India's Resilient Landscape Boosts Auto Growth

Hyundai Motor India Ltd Managing Director Unsoo Kim highlighted India's economic resilience as a key factor supporting automotive demand recovery. In 2025-26, HMIL projects domestic sales growth in line with industry estimates and 7-8% growth in exports. The company also plans to expand its luxury Genesis brand and enhance manufacturing capabilities.

In the face of global disruptions and macroeconomic uncertainties, India's economic resilience is proving beneficial for consumption-driven sectors like the automotive industry. Hyundai Motor India Ltd (HMIL) Managing Director Unsoo Kim asserts that these factors support a favorable landscape for the industry's recovery.

Kim stated that HMIL aligns its domestic sales growth with industry projections, anticipating a modest increase and a more significant 7-8% growth in exports by 2025-26. The company sold 7,62,052 units in 2024-25, showcasing strong demand in both domestic and international markets.

The introduction of Hyundai's Genesis luxury brand in the Indian market marks a strategic expansion. Additionally, production enhancements focus on increased manufacturing capacity with a new facility in Pune aimed at producing over one million units annually by FY 2025-26.

(With inputs from agencies.)