South Korean automaker Hyundai Motor has announced plans to invest US$ 5.1 billion in India by 2030, as part of a stepped-up, dual strategy aimed at increasing its share of the local vehicle market to 15% and strengthening the country’s role as a major export hub, with overseas shipments accounting for up to 30% of total output.
The automaker’s local subsidiary, Hyundai Motor India Limited (HMIL), hosted its first-ever ‘Investor Day’ event in which Hyundai’s President and CEO José Muñoz spoke in detail about the company’s plans. HMIL has been set an annual revenue target of US$ 11 billion by 2030, along with sustained double-digit earnings growth target and a “dividend payout guidance of 20%-40%.”
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Hyundai confirmed that it will step up its ‘India-centric’ product strategy, with plans to launch 26 new models by the 2030 fiscal year, including 7 new nameplates. The company confirmed that by 2027, it plans to enter the country’s MPV and off-road SUV segments, start local production of a dedicated battery-powered SUV and launch its Genesis premium brand. It will introduceSoftware Defined Factory technologies and increase localization of components.
Speaking at the event, José Muñoz said: “Following our landmark IPO last year and 29 years of success in India, HMIL plans to invest INR 45,000 crores through FY2030 to drive the next phase of growth. India is a strategic priority in Hyundai’s global growth vision. By 2030, HMIL will be our second-largest region globally, aligned with the Honorable Prime Minister Shri. Narendra Modi’s vision of ‘Make in India.’ We’re making India a global export hub, targeting up to 30% export contribution. It is a great time to be at Hyundai Motor India.”
HMIL’s managing director, Mr. Unsoo Kim, said in a statement: “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 INR 1 lakh crore by FY2030, 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’s COO, Tarun Garg, pointed out: “This transformative 2030 roadmap serves as a pivotal catalyst in redefining HMIL’s growth trajectory and propelling us to new heights through well-aligned strategic initiatives. As we chart our course through this transformative evolution, HMIL sets out a target to achieve a 15%+ market share of the domestic market, underpinned by India-centric product launches. We remain steadfast in our efforts to augment our presence in the high-growth SUV segment, driven by robust product strategy and customer-centric approach, thereby, targeting over 80% UV contribution by FY2030.”
He further added: “We are set to become one of the very few mass-market OEMs in India to offer a comprehensive range of powertrain options spanning ICE, CNG, EV, and hybrid technologies, with more than 50% of our portfolio powered by cleaner and more sustainable technologies, reflecting our commitment to future-ready mobility. By FY2030, our sales and service network will extend to 85% of India’s districts, with rural markets expected to contribute 30% of total sales, underscoring our inclusive growth strategy and deepened reach across Bharat.”
