Hyundai Plans 26 New Models in India by 2030 to Expand Global Operations

Hyundai Motor Company has announced plans to launch or refresh 26 models in India by 2030 as part of a broader global strategy to introduce or update more than 100 vehicles worldwide. The announcement was made during the company’s 2026 CEO Investor Day.

As part of this initiative, Hyundai aims to achieve global sales of 5.55 million units by 2030 while prioritizing profitability. The company will introduce an all-new electric SUV in India in the fourth quarter, along with a new internal combustion engine (ICE)-powered mid-size SUV. The electric SUV will be localized and designed specifically for the Indian market, featuring a next-generation infotainment system and Level 2 assisted driving technology.

Hyundai also intends to enhance its manufacturing and supply chain operations in India, with a goal of sourcing 90 percent of vehicle content from local suppliers by 2030. This initiative will be supported by a network of over 1,400 local suppliers and more than 900 local engineers.

India currently has manufacturing facilities capable of producing 1.1 million vehicles annually and is positioned to serve as a key export hub for Hyundai. The company plans to export approximately 30 percent of its production volume from India by 2030 to various markets including the Middle East, Africa, Asia, and South America. This suggests that Hyundai views India as both a market and a critical production base for its global operations.

Globally, Hyundai is set to increase its manufacturing capacity by 1.27 million units by 2030, which includes an additional 320,000 units in India, 500,000 units in North America, 250,000 units across its completely knocked down (CKD) sites, and 200,000 units in South Korea. The company plans to launch or refresh over 100 vehicles globally by 2030, with 58 planned for North America, 49 for South Korea, 41 for Europe, 26 for India, and 22 for China.

Jose Munoz, President and CEO of Hyundai Motor Company, emphasized the strength of the company’s fundamentals, stating, “Hyundai Motor Group is the third-largest automotive group and the second-most profitable, which gives us the ability to invest while others are pulling back.”

For the first half of 2026, Hyundai reported two million wholesale units and a revenue of 95.2 trillion won, reflecting a year-on-year increase of 2.7 percent, along with an operating profit margin of 5.6 percent.

Additionally, Hyundai is planning to introduce its first extended-range electric vehicle (EREV), which will combine the advantages of a battery electric vehicle with the convenience of an onboard charger.

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