To strengthen its position in the global automobile market, Hyundai Motors India limited (HMIL) has announced an ambitious $5.12 billion investment plan through 2030. The strategy aims to strengthen both domestic operations and export performance, a major milestone for India's second-largest passenger vehicle maker.
According to a statement released on October 16, HMIL will spend approximately $5.12 billion to develop new market segments, expand its powertrain range and introduce class vehicle brands lux. This investment underscores Hyundai's long-term commitment to India's rapidly evolving automotive landscape.
Product Portfolio Expansion
The company plans to launch 26 new products, including seven completely new products, by the end of the decade. new templates. By 2030, utility vehicles (UTs) are projected to account for over 80 percent of HMIL's domestic sales.
As part of its long-term strategy, Hyundai plans to expand its distribution network to 85 percent of all districts in India, ensuring that rural areas account for 30 percent of the total. sales.
Exports will remain a vital pillar of growth for HMIL. The company aims for exports to account for 30 percent of total annual passenger vehicle production by 2030.
This initiative is in line with Hyundai's goal to position India as a key manufacturing and export hub for global markets, SteelOrbis
