Hyundai Motor India (HMIL) plans to invest Rs 45,000 crore by FY2030 as part of its growth roadmap, aiming to make India its second-largest market after North America.

The company targets 26 product launches by 2030, including seven new nameplates and India’s first locally developed electric SUV by 2027. Sixty percent of the investment will be on product and R&D, and the remaining 40 percent on capacity and upgradation. Hyundai also plans to enter the luxury segment with its Genesis brand and increase export contribution to 30 percent.

HMIL aims to achieve Rs one trillion in revenue, over 15 percent domestic market share, and more than 50 percent of its portfolio in eco-friendly powertrains by FY30. The company will expand its sales and service network to cover 85 percent of Indian districts, with a strong focus on SUVs, utility vehicles, and rural markets.