Hyundai's Rs 45,000 Crore Bet on India's Auto Market by 2030

Hyundai Motor India Ltd (HMIL) is set to make a landmark investment of Rs 45,000 crore by FY2030, as announced by President & CEO Jose Munoz on Wednesday. The strategic move aims to position India as the automaker's second-largest global region by expanding production and export operations.

The company's ambitious roadmap includes launching 26 new products by 2030, entering new segments like MPV and off-road SUVs, and introducing India's first locally developed electric SUV by 2027. The luxury vehicle brand Genesis is also slated to debut in India by that year.

As part of its growth strategy, HMIL targets significant revenue growth and expanded market reach, planning to extend its sales and service networks across 85% of India's districts and enhance its eco-friendly powertrain offerings substantially.