Hyundai Motor India Limited (HMIL) announced a ₹45,000 crore investment plan through FY2030. The company aims to become the second-largest region within Hyundai Motor Company and a key export hub. The plan includes launching 26 new products, including a locally manufactured dedicated electric SUV by 2027, targeting a 15%+ domestic market share, and achieving 30% export contribution by 2030.
Ambitious Growth Strategy
Hyundai Motor India Limited (HMIL) has unveiled its strategic roadmap, highlighting a significant investment of ₹45,000 crores by FY2030. This investment aims to propel HMIL into becoming the second-largest region within Hyundai Motor Company and solidifies its position as a key export hub.
Key Strategic Objectives
The company plans to introduce 26 new products by FY2030. This includes entry into the MPV and off-road SUV segments, reinforcing its commitment to the Indian market. HMIL is also set to launch India’s first, locally manufactured dedicated electric SUV by 2027.
Market Share and Powertrain Focus
HMIL is targeting a 15%+ domestic market share. The company aims for UV and eco-friendly powertrain (CNG + EV + Hybrid) contribution to reach 80%+ and 50%+ respectively by FY2030. Additionally, Hyundai plans to launch its luxury segment brand Genesis in India by 2027.
Export and Manufacturing Excellence
HMIL is focused on strengthening its manufacturing excellence and driving localization, progressing towards a Software Defined Factory. The company aims to achieve up to 30% export contribution by 2030, reinforcing its position as a key export hub.
Financial Targets
Hyundai anticipates a 1.5X revenue increase, crossing the ₹1 lakh crore milestone by FY2030, while sustaining double-digit EBITDA margins. The company also announced a dividend payout guidance of 20% – 40%.
Vision for the Future
Mr. José Muñoz, President & CEO, HMC, stated that HMIL will be the second-largest region globally by 2030, aligning with the ‘Make in India’ vision. He emphasized the comprehensive commitment, including product launches, electric SUV development, and the launch of the Genesis brand.
Commitment to Sustainable Mobility
Mr. Tarun Garg, Whole-time Director & COO, HMIL, highlighted the goal of achieving 15%+ market share in the domestic market and aiming for over 80% UV contribution by FY2030. HMIL aims to offer a comprehensive range of powertrain options, with more than 50% of its portfolio powered by cleaner technologies.
Expanding Reach
By FY2030, HMIL intends to extend its sales and service network to 85% of India’s districts, expecting rural markets to contribute 30% of total sales.
Source: BSE
