Hyundai lines up Creta-segment SUV and EV launch as Pune capacity ramps up
Hyundai Motor India plans a new Creta-segment SUV for the 2026 festive season and a Venue-sized EV later in the fiscal year, alongside a third shift at Pune from October. The move is aimed at rebuilding share and lifting factory utilisation after supplier-led production disruption.
Hyundai Motor India will launch a new Creta-segment SUV in the 2026 festive season and a Venue-size dedicated EV later this fiscal year. It is advancing Pune capacity expansion and expects new models to lift Chennai utilisation and help recover market share.
Why this matters
The product and capacity plan follows Hyundai Motor India's reported 35% Q1 profit decline after a supplier fire, with EBITDA margin narrowing to 9.3%, signalling a push to restore volumes and utilisation.
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