Hyundai Motor India 30 years: 26 launches, ₹45,000 cr

Hyundai marks 30 years in India

South Korean auto major Hyundai said it is reaffirming its long-term commitment to mobility in India and global markets as it completes 30 years of operations in the country. The company’s Indian arm, Hyundai Motor India Ltd (HMIL), was established on May 6, 1996. The update comes at a time when the company is also publicly listed in India, after Hyundai Motor India Limited was listed on the Indian stock exchange in October 2024 in what was described as the largest IPO of the year.

HMIL’s latest statement ties the milestone to fresh capital allocation, product introductions, and manufacturing scale-up plans. The company positioned India as central to Hyundai’s broader export and growth strategy, highlighting its cumulative export performance and after-sales reach.

Investment already made and the next capex cycle

HMIL said it has invested ₹40,700 crore in India since inception. It also outlined another ₹45,000 crore lined up between FY26 and FY30. The planned investments are aimed at manufacturing, electrification, future mobility, and the introduction of 26 new products by FY2030.

The combination of capacity expansion and a broader product pipeline indicates that Hyundai intends to keep India as a key production and development base. The company did not provide a product-by-product schedule in the statement, but it clearly linked the planned spending to both physical manufacturing build-out and technology-led areas such as electrification.

Cumulative sales, domestic volumes, and exports

HMIL said it has sold a total of 13.5 million units since inception. This includes 9.6 million units sold in India and 3.9 million units exported. According to the statement, exports have reached 150 countries.

Hyundai also reiterated that India is a major pillar in its global success, describing HMIL as India’s largest exporter of passenger vehicles on a cumulative basis. Separately, company background information in the provided text also states that HMIL is India’s largest passenger car exporter and the second largest car manufacturer.

Leadership comments on the milestone

HMIL Managing Director and CEO Tarun Garg linked the 30-year milestone to consistency and customer trust. He said HMIL’s journey has been defined by trust earned over time and the pride of teams delivering consistently for customers across India.

Garg also said Hyundai is looking ahead with a continued commitment to shaping mobility for India and the world. The company referenced Hyundai’s global vision of “Progress for Humanity,” while stating it remains connected to India’s aspirations with focus areas such as innovation, sustainability, and shared prosperity.

Manufacturing footprint and capacity plans

HMIL said it has two manufacturing plants in Chennai and Pune, with total annual production capacity that can scale to 1.07 million units by 2028. The broader text also includes older capacity disclosures that cite two manufacturing plants near Chennai with total capacity of 600,000 units per year, including a second plant commissioned in February 2008 producing an additional 300,000 units per year.

Taken together, the disclosures indicate a trajectory of capacity expansion over time, with the latest company statement pointing to a significantly higher scale by 2028. The text also mentions Hyundai Motor Group’s wider India plan, including ongoing construction of a third Hyundai plant in Pune, Maharashtra, and an eventual group production capacity target of 1.5 million vehicles annually in India after the new Pune plant is completed.

Distribution and after-sales network scale

HMIL said it currently has 1,675 service touchpoints across 1,025 cities, supported by over 50,000 trained service professionals across India. Other parts of the provided text cite different network figures from different points in time, including 290 dealerships and 580 service points, and another profile stating over 1,366 sales points and 1,550 service points.

The most recent network figures in the milestone statement point to a larger after-sales footprint, which is often a key metric for passenger vehicle brands competing in both metro and non-metro markets.

Product range and electrification cues

The provided text describes Hyundai’s passenger vehicle portfolio as spanning hatchbacks, sedans, SUVs, and electric cars. It also lists models across segments, and includes EV references such as IONIQ 5 and Creta Electric, described as Hyundai’s first electric vehicle to be produced locally in India.

HMIL’s FY26-FY30 investment plan explicitly includes electrification. The company also stated that 26 new products are planned by FY2030, which suggests a steady cadence of launches across powertrains and body styles, although no split between internal combustion, hybrids, and EVs was provided.

Stock, market metrics, and financial snapshot

The provided market snapshot shows Hyundai Motor India (NSE: HYUNDAI) at ₹1,769.50, down ₹47.20 (2.60%) on a 1-day basis. It also lists market capitalisation at ₹1,47,452 crore and ROE at 32.56%.

Another data block in the text reports revenue (TTM) at INR 682.62 billion and net income at INR 55.20 billion. Normalised to a consistent India-centric unit, this equals revenue of ₹68,262 crore and net income of ₹5,520 crore.

Key facts at a glance

Registered office and contact details

HMIL’s registered office address in the provided information is Plot No H-1, SIPCOT Industrial Park, Kancheepuram Dist., Tamil Nadu 602117. The listed telephone number is 044-67105135 and fax is 044-47100400. The compliance email provided is complianceofficer@hmil.net, and the website is http://www.hyundai.co.in.

Why this milestone matters for the auto sector

The combination of cumulative scale, exports, and new investment guidance provides fresh reference points for investors tracking passenger vehicle manufacturing in India. HMIL’s cumulative sales of 13.5 million units and exports of 3.9 million units underline how India has been used not only as a sales market but also as an export base.

The planned ₹45,000 crore investment between FY26 and FY30, alongside a target of 26 new products by FY2030, puts emphasis on product refresh cycles and electrification at a time when OEMs are balancing capacity build-out with technology transition. The manufacturing scale-up target to 1.07 million units by 2028, if executed, would also signal higher domestic supply capability and potentially more export throughput.

Conclusion

Hyundai’s 30-year update for India ties together three measurable themes: cumulative scale, a new investment cycle, and a larger product pipeline through FY2030. The next set of milestones to watch will be FY26 capex rollout, progress toward the 1.07 million unit capacity scale-up by 2028, and the pace of the 26 planned product introductions by FY2030.