FY2026 did not start on a good note for Hyundai Motor India Limited as the company was forced to be content with being the fourth largest automobile manufacturer for three consecutive months starting from February. The South Korean manufacturer is not sitting ideal on its hands as the company announces that it will launch 26 vehicles by FY2030. Hyundai has decided to go all guns blazing as it announced the launch of six EVs and 20 internal combustion engine (ICE) vehicles, including strong hybrids.
Gunning for the second position again
Hyundai has been on a slippery slope since February 2025, as it slipped to fourth position while Mahindra and Tata Motors overtook it in sales. This, unfortunately, has been the case for Hyundai till April, making it a hat-trick of sorts. The company has upshifted its plans and is aiming to be back as India’s number two automaker.
Hyundai confirmed that apart from the facelifts and upgrades, it will introduce eight new vehicles. The company has further stated that this will include introducing strong hybrid models.
At the quarterly earning call, Unsoo Kim, Managing Director, Hyundai Motor India Limited, said, “We are excited to announce that we will be launching 26 products. This will include a mix of new models, full model changes & product enhancements, by the end of financial year 2030. This will comprise 20 from ICE and 6 from EV segment. Additionally, we shall be introducing new eco-friendly powertrains like Hybrids. These aggressive and strategic launch plans demonstrate Hyundai Motor India’s strong commitment to innovation, market responsiveness & delivering sustained value to our customers.”
Blockbuster FY2025 for Hyundai
Hyundai announced that it sold 599,000 vehicles domestically and 163,000 units for export. The company had a successful FY2025 as the annual revenues were at Revenues at Rs 691,929 crore and EBITDA at Rs 89,538 crore. The success story of Hyundai was scripted by the SUVs, contributing 68.5% of its domestic sales. The Creta continued to be the leader in the mid-size SUV segment, having 30% of the market share.
Commenting on the company’s results, the managing director said, “FY25
business performance demonstrates our ability to navigate the tides by responding quickly to the ever-changing customer aspirations. Launch of products like Creta Electric and Alcazar FL, along with seamless product refreshments across segments, helped us in maintaining our competitive edge.”
