Hyundai India to cross 1M units by FY28, eyes second-largest global export hub status
Hyundai Motor India is scaling capacity from 994,000 units to 1.074 million by 2028 and 1.1 million by 2030, backed by ₹7,500 crore FY27 capex. Two new Chennai-built models—a compact E-SUV and mid-size ICE SUV—anchor the push. Localisation at 82%, exports contribute 26% of FY26 revenue, with 8-10% growth guidance.
Hyundai Motor India to cross 1 million units capacity by FY28, making India its second-largest export hub. ₹7,500 crore FY27 capex, two new Chennai-built models (compact E-SUV, mid-size ICE SUV), 82% localisation, 8-10% growth guidance.
Why this matters
Builds on Hyundai's strong India momentum, including 20%+ ROCE alongside Olectra and JBM in the EV bus race, signaling capital efficiency as it scales ICE and EV SUV capacity.
Retail-company signals steady at 530 over the past 90 days.
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