Hyundai India Export Hub Plan: 30% Exports by 2030

What Hyundai announced and why it matters

Hyundai Motor India Limited (HMIL) has laid out a multi-year plan to make India a bigger manufacturing and export base for its global parent, Hyundai Motor Company. Senior executives said India is on track to become the third country in Hyundai’s network to cross 1 million units of production capacity by FY28. Alongside capacity, the company’s stated ambition is to position India as the second-largest export hub outside South Korea.

The plan matters for investors and the auto supply chain because it combines product launches, export expansion, and a clear investment budget through FY2030. The company also linked the strategy to financial guidance, with annual revenue targeted near ₹1 trillion (₹1,00,000 crore) within five years.

The five-year investment plan through FY2030

HMIL announced investment plans of around ₹45,000 crore over five years to support its next growth phase. Separate reports pegged the plan at about 450 billion rupees, broadly aligning with the ₹45,000 crore figure. Hyundai also said it expects to use roughly 60% of the investment for product development and R&D, and about 40% for capacity expansion and upgrades.

The stated priorities include India-centric product expansion, advanced manufacturing, deep localisation, and support for both domestic growth and export markets. Hyundai has also underlined India’s role as a low-cost manufacturing base with a large labour pool, positioning it as a launchpad for emerging markets.

Capacity expansion: crossing 1 million units by FY28

Executives said India is set to become the third country to cross 1 million units of production capacity for Hyundai Motor by FY28. The Chennai manufacturing base remains central to this push, including planned new model activity.

In another capacity disclosure, Hyundai’s existing annual production capacity was stated at 824,000 units, supported by two integrated facilities in Sriperumbudur near Chennai. The company has also acquired General Motors’ Talegaon plant in Maharashtra, with production expected to start in the third quarter of FY2025. Once fully operational, that facility was expected to take total installed capacity to about 1.074 million units annually.

Chennai’s role: exports and new models

Hyundai’s Chennai operations were described as a key driver of exports and future model launches. The company indicated that the Chennai plant will roll out two new models in FY27. It also highlighted an “EV localisation strategy” that focuses on local assembly at the Chennai plant, alongside a fresh dedicated EV launch this year.

Hyundai additionally said it is establishing a flexible battery plant, with locally assembled battery packs starting this year. These steps are positioned as building blocks for a broader EV pipeline leading up to 2030.

Product roadmap: 26 launches, hybrids and EVs

HMIL’s roadmap includes 26 new model launches by 2030, including seven entirely new nameplates. Hyundai has also indicated it will expand into segments such as MPVs and off-road SUVs. A locally designed and manufactured electric SUV is planned by 2027, and Hyundai confirmed its luxury brand Genesis will debut in India in 2027.

The company has flagged that more than 50% of its vehicle portfolio will come from eco-friendly powertrains such as CNG, EVs, and hybrids by FY2030. It also guided that utility vehicles will form more than 80% of its sales mix by FY30.

Export push: aiming for 30% share by 2030

Hyundai’s global CEO Jose Munoz said the Indian subsidiary is targeting up to 30% of Hyundai’s global exports within the next five years. HMIL also stated it is aiming for exports to account for 30% of total production by 2030, reinforcing India’s positioning as a key export hub.

On regional distribution, HMIL said it is eyeing about 50% of exports to West Asia and Africa, driven by compact sedans and SUVs, mild hybrids, and entry-level EVs. Around 40% is expected from Central and South America, with the remaining 10% from Asia Pacific.

How exports have been trending

The company’s share of exports from India has been rising, increasing from 22% of total revenue in FY25 to 26% in FY26, according to the report. Separately, HMIL’s exports in FY2025 were stated at about 163,000 units, with the company targeting a 7% to 8% increase in export volumes for FY2026.

Hyundai also said it already exports vehicles to more than 90 countries. The emphasis on export growth is framed as a way to diversify production bases and serve emerging market demand more efficiently.

Market position targets and India’s role inside Hyundai

Hyundai outlined a target of 15% plus domestic market share. For the parent company, India’s role has been rising in recent years: in 2020, India accounted for 11% of Hyundai’s global sales and ranked as its fifth-largest region by volume. This increased to 15% and the third-largest region in FY25, and is expected to become the second-largest region by FY30.

The company has tied these targets to a broader theme of deeper localisation and manufacturing scale, which can influence supplier localisation opportunities and India’s export linkages in passenger vehicles.

Key targets and milestones at a glance

What to watch next

The most immediate markers will be the execution of the two new model rollouts from Chennai in FY27 and the progress of battery pack localisation starting this year. Investors will also track whether HMIL sustains its export growth plans, including the FY2026 target for a 7% to 8% rise in export volumes.

Over the medium term, the market will look for evidence that the ₹45,000 crore plan is translating into capacity, model cadence, and a higher mix of eco-friendly powertrains. Hyundai’s stated roadmap runs through FY2030, with multiple milestones in 2027 and 2030 that will help benchmark progress against its export and revenue targets.