Hyundai's Roadmap: Rs 45,000 Crore Investment to Propel India Growth by 2030

Hyundai Motor India plans to invest Rs 45,000 crore by FY2030 to enhance growth, localization, and manufacturing capabilities. With a strategic focus on utility vehicles and eco-friendly options, Hyundai aims for a 15% domestic market share and to become India's leading automotive manufacturer.

In a significant move to bolster its Indian operations, Hyundai Motor India Limited (HMIL) has unveiled a comprehensive investment strategy, committing Rs 45,000 crore by FY2030. The investment aims to accelerate growth, boost localization efforts, and strengthen manufacturing capabilities, announced during Hyundai's inaugural Investor Day.

Jose Munoz, President & CEO of Hyundai Motor Company, emphasized India's strategic importance, aligning with the 'Make in India' initiative. "Our vision is to make India Hyundai's second-largest global region by 2030, contributing up to 30% of our total exports," Munoz declared.

Hyundai's strategic plan includes launching 26 new models, including in the MPV and off-road SUV segments, while aiming for over 15% domestic market share. The brand will introduce India’s first locally made electric SUV by 2027, with eco-friendly vehicles expected to form more than 50% of the portfolio by decade's end.

Unsoo Kim, HMIL's Managing Director, outlined a revenue target of Rs 1 lakh crore by FY2030, maintaining robust EBITDA margins. "Our roadmap emphasizes India-centric models and aims to enhance our presence in the high-growth SUV market," Tarun Garg, COO of HMIL, added, highlighting plans to expand their network to cover 85% of India's districts.

Innovation in manufacturing through a Software Defined Factory model is also part of Hyundai’s agenda, reinforcing India's role as a pivotal export hub. The strategic initiatives set HMIL on a path to significant revenue growth, reinforcing its standing as a major automotive player in India's evolving market. (ANI)