Hyundai India Plans 26 New Launches by FY2030, Including 6 EVs
Hyundai Motor India is preparing for a significant expansion in its product portfolio, with plans to launch 26 new vehicles by the financial year 2030. This lineup will include 20 models powered by internal combustion engines (ICE) and 6 electric vehicles (EVs), along with some hybrid variants.
Strategic Push to Reclaim Market Share
This move is part of Hyundai’s broader strategy to regain its position as the second-largest carmaker in the Indian market—a spot it recently lost due to rising competition from domestic brands like Tata Motors and Mahindra. The company believes a wider range of offerings will appeal to various customer segments and respond better to changing market demands.
₹20,000 Crore Investment for EV Expansion
Hyundai is allocating about ₹20,000 crore over the next few years to support its electric mobility ambitions. This investment will focus on:
- Developing and launching new EV models
- Upgrading existing ICE vehicle platforms
- Setting up a battery assembly plant with an annual capacity of nearly 1.8 lakh units
- Expanding its EV charging network, with plans for 100 stations initially, and 485 by 2030
Tamil Nadu will serve as Hyundai’s EV production hub in India, reinforcing its long-term commitment to the region.
Key Upcoming Launches
Among the 26 planned vehicles are full redesigns, new nameplates, and updates to current models. Two standout additions include:
- Creta EV, expected in 2025
- Hyundai’s first hybrid model in India, slated for 2026
These launches align with Hyundai’s global goal of increasing sales by 30% by 2030 and raising its profit margins by introducing more premium models in India.
Local Partnerships and Infrastructure Growth
To ensure sustainable growth in the EV segment, Hyundai is working with Exide Energy Solutions to localize battery production. The company will also use its dealership network to support the rollout of EV charging stations across the country.
Outlook
Hyundai’s roadmap reflects a bold bet on the future of mobility in India. With a combination of ICE vehicles, hybrids, and EVs, the company is preparing to offer a comprehensive lineup to Indian buyers and fortify its position in one of the world’s fastest-growing auto markets.
