Hyundai Motor India (HMIL), the country’s second-largest carmaker, is anticipating 7-8% growth in exports in FY26, and give strong competition to Maruti Suzuki, which had dethroned it in FY22 in the export market.
In FY25, HMIL exported 163,386 cars – a slight increase of 0.1% over FY24.
Maruti Suzuki, on the other hand, has been going from strength to strength from 238,376 units in FY22 to 332,585 units in FY25.
Unsoo Kim, MD, HMIL, said that, in FY25, the carmaker marked a significant milestone by completing 25 years of exports, reaffirming its position as the country’s largest exporter of cars, cumulatively. “We are aiming to become Hyundai Motor Company’s largest export hub outside South Korea, and will continue our growth trajectory in exports in the coming years,” he said. “For FY26, we anticipate the growth in export volumes to be 7-8%, supported by robust demand for our products in emerging markets.”
He, however, didn’t give a timeline by when HMIL expects to become HMC’s largest export hub outside South Korea.
He added that HMIL currently exports to over 60 countries, with nine tailormade cars, and recently started exports of the Creta Electric to neighbouring markets. “Saudi Arabia, South Africa, Mexico, Chile, and Peru were among the top export markets for HMIL in FY25,” Kim said.
