Hyundai drives ₹45,000 crore investment into India, targets ₹1 lakh cr revenue by FY30

Core Insights - Hyundai Motor Company (HMC) has announced a ₹45,000-crore investment plan through 2030 to expand capacity, enhance R&D, and launch 26 new products, including electric and hybrid vehicles [1] Investment and Strategy - HMC's investment underscores India's growing importance in its global strategy, with the CEO stating that India is central to Hyundai's global vision [2] - The company aims to increase its domestic passenger vehicle market share from approximately 13% to over 15% and boost revenues to exceed ₹1 lakh crore by FY2030 [4] Product Development - The new product pipeline includes seven all-new models, six full-model changes, six variants, and seven facelifts, with five electric vehicles and eight hybrid-electric vehicles planned [3] - Hyundai will introduce its first 'Made in India' compact electric SUV featuring Level 2 ADAS and a long driving range [3] Market Focus - Hyundai plans to strengthen its SUV lineup while also targeting the entry-level segment to attract first-time buyers [6] - The company intends to manufacture all electric vehicles locally to enhance competitiveness and ensure better returns [6] Leadership Changes - Tarun Garg has been appointed as the Managing Director and CEO of Hyundai Motor India Ltd, effective January 1, 2026, marking the first time an Indian will lead the company's operations in India [5]