Hyundai to launch 26 models, bring Genesis brand to India; outlines Rs 45,000 crore plan by FY30

Hyundai Motor Company President and CEO Jose Munoz at Hyundai Motor India's first-ever Investor Day.

Hyundai Motor India Ltd (HMIL) will launch 26 new models, including seven all-new nameplates, and introduce its luxury brand Genesis in India by 2027 as part of a Rs 45,000 crore investment plan through FY30. The roadmap was unveiled during the company's first-ever Investor Day.

Hyundai Motor Company President and CEO Jose Munoz said, "Following our landmark IPO last year and 29 years of success in India, now HMIL plans an investment of Rs 45,000 crores through FY30 to drive the next phase of growth. India is a strategic priority in Hyundai's global growth vision. By FY30, HMIL will be our second-largest region globally, aligned with Prime Minister Narendra Modi's vision of 'Make in India'. We are making India a global export hub, targeting up to 30% export contribution."

"Our commitment is comprehensive: 26 product launches, including seven new nameplates, India's first locally manufactured dedicated electric SUV by 2027 and the launch of our luxury brand Genesis, all while treating every customer like our honoured guest. 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. It's a great time to be at HMIL," he added.

The FY30 roadmap focuses on India-centric products, electrification, and deeper localisation. Hyundai will enter the multi-purpose vehicle (MPV) and off-road SUV segments, while its first locally manufactured dedicated electric SUV is scheduled for 2027.

Hyundai is targeting over 15% domestic market share by FY30, with utility vehicles contributing more than 80% of total volumes. Eco-friendly powertrains, including CNG, hybrid, and electric, are expected to account for more than half of its portfolio by the end of the decade.

HMIL Managing Director Unsoo Kim said, "Our robust investment plans reflect HMIL's strategic expansion and our vision to deliver smart mobility solutions enriched with world-class products and cutting-edge technologies for India’s aspiring and fast-growing customer base. As we chart this growth trajectory, we are targeting a revenue milestone of Rs 1 lakh crore by FY30, while sustaining strong double-digit EBITDA margins. Most importantly, we remain deeply committed to creating long-term value for our shareholders by announcing a healthy dividend payout guidance of 20%-40%."

HMIL also aims to strengthen its manufacturing capabilities by developing software-defined factories and enhancing localisation. Exports are projected to contribute up to 30% of its overall production by 2030.

The company's Whole-Time Director and Chief Operating Officer, Tarun Garg, said the roadmap will help Hyundai achieve over 80% UV contribution and expand its sales and service network to cover 85% of India's districts by FY30, with rural markets expected to account for 30% of total sales.