TL;DR
Hyundai India is investing $5.1 billion by 2030 to launch 8 hybrid SUVs and 5 EVs, aiming for 60% electrified vehicle sales by then, alongside localized R&D and battery production.
Hyundai Motor Company has announced a significant strategic shift for its India operations, committing a massive $5.1 billion investment by 2030. This substantial funding will primarily focus on developing eight new hybrid SUVs and five new electric vehicles (EVs) specifically for the Indian market. The move underscores Hyundai's ambition to bolster its presence in India's rapidly evolving automotive landscape, particularly in the electrified vehicle segments.
The comprehensive strategy also includes localized research and development, along with domestic battery production, to ensure a robust and self-reliant ecosystem for its electrified offerings. Hyundai aims to introduce a total of 26 new models by 2030 and implement flexible manufacturing plants to adapt to changing market demands. The company has set an ambitious target of achieving over 15% market share, with electrified vehicles projected to account for 60% of its total sales by the end of the decade.
As part of this renewed focus, Tarun Garg has been named India CEO for 2026, signaling a concentrated effort to execute this ambitious plan and drive Hyundai's growth in the Indian market with a strong emphasis on hybrid and electric mobility solutions.
