Hyundai outlines ₹45,000-crore India growth plan amid sliding market share

Hyundai targets 15% market share in India and 30% exports from India to make the country its second largest region globally.

Updated on: Oct 15, 2025, 12:24:08 IST

By Tushar Deep Singh

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Hyundai Motor Co. Ltd. has outlined a ₹45,000-crore investment plan for India to make the country its second largest region globally, even as its market share erodes in the world's third largest car market.

Hyundai CEO Jose Munoz at Hyundai India's first investor day in Mumbai on Wednesday, 15 October 2025. (Handout Image)

Hyundai India plans to launch 26 cars, including seven brand-new cars by Fiscal 2030, according to a statement released on Wednesday. That includes a multi-purpose vehicle rivalling the likes of Maruti Suzuki Ertiga and Toyota Innova, as well as an off-road SUV to take on Mahindra Thar and Maruti Suzuki Jimny.

Also in the works is an India-specific electric SUV as well as the launch of its Genesis brand of luxury cars in India by 2027.

The idea is to capture 15% market share by 2030 and 30% exports from India.

“India is a strategic priority in Hyundai’s global growth vision. By 2030, HMIL will be our second-largest region globally…,” Jose Munoz, chief executive of Hyundai Motor Co., said during Hyundai India's first investor day in Mumbai on Wednesday (15 October 2025).

“The fundamentals are strong. The strategy is clear. The team is energised. And most importantly, we have the trust of Indian customers built over 29 years.”

ABOUT THE AUTHOR
Tushar Deep Singh
Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.Read More

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