Hyundai to invest Rs 45,000 crore in India by FY30

ByEnigma 808

Hyundai Motor Co. announced plans to invest Rs 45,000 crore in India by FY30 to boost its growth. The company aims to make India its second-largest market globally. Hyundai’s President and CEO, Jose Munoz, said the investment will support product launches, capacity expansion, and research and development (R&D).

Around 60% of the investment will go into product development and R&D, while 40% will expand production capacity. Hyundai plans to launch 26 new models, including electric SUVs and luxury cars, by 2030. The company also targets a 15% market share in India and aims for a 1.5x revenue increase by FY30.

Author

  • Enigma XO avatar (80x80)

    Besides writing and being a content creator, Enigma 808 sometimes likes to watch paint dry on walls, listening to ASMR while timing snails racing. Such is life.