Hyundai Motor India plans Rs450bn investment and 26 new models by 2030
The company aims to expand electric and rural-market presence, localise EV components, and roll out a mix of SUVs and green powertrains as part of a larger global product push.
Useful takeaways from this story.
Hyundai Motor India will invest Rs450 billion (about $4.76 billion) and launch 26 new models in India by 2030, with over half of the range expected to be green powertrains.
A dedicated electric SUV for India will be designed to qualify for the government's Production Linked Incentive (PLI) scheme, supporting local manufacturing and exports.
The company expects rural markets to contribute roughly 30% of sales within three to four years and is opening a majority of new outlets in rural areas.
Hyundai Motor India has outlined a multi-year plan that combines a large capital investment, a substantial product rollout, and a shift toward electrified vehicles. The company told ETAuto that it will invest Rs450 billion and introduce 26 new models by 2030. More than half of the planned range is expected to use green powertrains.
Hyundai's Indian unit is prioritising deeper local supply chains for EV components. The company intends to localise batteries, drivetrains and power electronics to support production of electric vehicles and reduce dependence on imported parts.
The 26-model plan covers a mix of internal combustion, electrified, and battery-electric variants. Hyundai reported SUVs currently account for 68% of its sales in India. The company highlighted two upcoming products aimed at boosting rural reach: a midsize SUV and a compact electric SUV.
Localization and charging infrastructure
Beyond vehicles, Hyundai Motor India is expanding support systems for EV adoption. Plans include strengthening localisation of key components and deploying charging infrastructure, including a network of DC fast chargers reported in related coverage. Local manufacturing of batteries and power electronics is intended to lower costs and improve supply resilience.
Sales performance and wider corporate targets
Group's global roadmap revealed at the company's 2026 CEO Investor Day in Seoul. Globally, Hyundai set a target of 5.55 million annual vehicle sales by 2030 and confirmed more than 100 new and updated models through that year.
What this means for buyers and the market
Buyers can expect a wider choice of SUVs and more electrified options, including a compact electric SUV targeted at broader affordability and rural suitability. Faster localisation of EV parts could help reduce prices and improve serviceability over time. The company's heavy rural retail push may increase availability of models and aftersales support outside major cities.
- Launch timing and specs of the India-dedicated electric SUV and the midsize SUV aimed at rural buyers.
- Details on localisation timelines for batteries and power electronics.
- Expansion progress for DC fast-charger networks and other charging infrastructure.
- Quarterly sales splits between urban and rural markets as the rollout progresses.
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