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Hyundai doubles down on India, to invest Rs 45k cr, lines up 26 new products
The Daily Guardian
|October 16, 2025
South Korean auto major Hyundai Motor Co is doubling down on India with investments of Rs 45,000 crore by FY30 and elevating an Indian, Tarun Garg, for the first time to lead its operations in the country to drive its future growth.
Under its 2030 roadmap for India, Hyundai Motor Co President & CEO Jose Munoz on Wednesday said the company's sales finance arm, Hyundai Capital, will enter the country by Q2 2026 in a phased manner to help further drive sales, while its luxury brand Genesis will also foray into the market through local assembly by 2027.
The company's arm Hyundai Motor India Ltd (HMIL) plans 26 product launches by FY2030, including seven new nameplates, marking its entry into the MPV and off-road SUV segments and hybrid vehicles.
It will also roll out a locally designed, developed and manufactured dedicated electric SUV for the Indian market by 2027.
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