Hyundai India’s Big Plans: 26 New Cars Including 6 EVs by 2030
Hyundai India has announced serious expansion plans, but it is dealing with some domestic issues at the moment, at least in the short term. In the FY25 and Q4 FY25 financial results announcement, the company reported that it would launch 26 new products by FY2030, 20 internal combustion engine (ICE) models and 6 electric vehicles (EVs).
The automaker's announcement reflects its long-term ambitions to grow market share and provide sustainable mobility options.
Hyundai's domestic performance in FY25 was a bit disappointing, with total sales declining by 2.6% year-on-year. The company sold 5,98,666 units in FY25, down from 6,14,721 units sold in FY24.
Domestic sales in Q4 FY25 lowered by 4.2% year-on-year. Export sales were helped by warranty relief. FY25 export sales only marginally grew by 0.1%, whereas Q4 FY25 total export units increased by 14.1% year-on-year to 38,100 units.
Hyundai has been exporting out of India for over 25 years and is one of India's largest cumulative car exporters. The company also has ambitions to make India its largest global export base outside South Korea.
Despite a tumultuous macroeconomic environment, Hyundai recorded a substantial EBITDA margin of 12.9% for FY25 and 14.1% in Q4. While profit after tax (PAT) declined by 6.9% for the year and 3.7% for the quarter, the company remains optimistic for recovery in the future and plans to leverage improvements in cost management and economy of scale capability to drive enhanced profitability.
Hyundai remains optimistic for the future by announcing 26 new models (including new generations and upgraded equipment). Additionally, the brand will begin to sharpen its focus on sustainability with the addition of hybrid powertrains.
To facilitate this growth, Hyundai is going to open its 3rd Indian plant that will be located in Pune, commencing FY26. This new facility will be a state-of-the-art plant capable of producing both ICE and EV types of vehicles while supporting Hyundai's ambitious carbon neutrality target for 2045.
Hyundai declared a dividend of Rs 21 per share for FY25, which represents a 30% payout ratio of Profits. The company made headlines with India's largest IPO and will ultimately be held in major indices such as MSCI, NIFTY 50, and be added to BSE 500, signifying to established itself as a major player as part of the automotive landscape in India.
Also Read: