Hyundai Motor India Limited (HMIL) held its inaugural Investor Day, where it unveiled a detailed strategic plan that includes product expansion tailored for India, enhancements in manufacturing, increased localization, and essential financial guidance aimed at bolstering its growth through FY2030. José Muñoz, President & CEO of HMC, stated, “After our significant IPO last year and 29 years of achievements in India, HMIL is set to invest ₹45,000 crores by FY2030 to propel the next growth phase. India plays a crucial role in Hyundai’s global growth strategy. By 2030, HMIL will become our second-largest region globally, in line with Prime Minister Shri Narendra Modi’s ‘Make in India’ initiative.
We aim to establish India as a global export hub, with up to 30% of our output directed towards exports. Our commitment encompasses 26 product launches, including 7 new nameplates, the introduction of India’s first locally manufactured dedicated electric SUV by 2027, and the launch of our luxury brand Genesis, emphasizing our dedication to treating every customer as our esteemed guest. Our foundations are solid, our strategy is well-defined, our team is motivated, and, most importantly, we have earned the trust of Indian consumers over the past 29 years.
This is an exciting time for Hyundai Motor India.” Unsoo Kim, Managing Director of HMIL, remarked, “Our extensive investment plans underscore HMIL’s strategic growth ambitions and our aim to provide intelligent mobility solutions, enhanced with premium products and advanced technologies for India’s aspiring and rapidly growing consumer base. As we pursue this growth path, we are aiming for a revenue target of ₹1 lakh crore by FY2030, while maintaining strong double-digit EBITDA margins.
Crucially, we are dedicated to generating long-term value for our shareholders with a dividend payout guidance of 20% – 40%.” Tarun Garg, Whole-time Director & COO of HMIL, added, “This transformative roadmap for 2030 is a crucial driver in reshaping HMIL’s growth trajectory and elevating us through well-supported strategic initiatives. As we navigate this transformative phase, HMIL aims to achieve over 15% market share in the domestic market, supported by India-centric product launches.
We are committed to strengthening our presence in the high-growth SUV sector, driven by a strong product strategy and a customer-focused approach, targeting over 80% of our utility vehicle sales by FY2030.” He further noted, “We are poised to become one of the few mass-market OEMs in India to provide a complete range of powertrain options, including ICE, CNG, EV, and Hybrid technologies, with more than 50% of our product lineup powered by cleaner and more sustainable technologies, demonstrating our commitment to future-ready mobility. By FY2030, our sales and service network will cover 85% of India’s districts, with rural markets projected to account for 30% of total sales, highlighting our inclusive growth strategy and expanding reach across Bharat.