As part of aggressively investing in its role of leadership in the Indian automotive market, Hyundai Motor India Ltd (HMIL) has declared its intention to invest ₹45,000 crore by the year 2030 in the form of enhancing its manufacturing capacity, increasing the production of electric and hybrid vehicles, and launching 26 new models in the next five years.
The Board of Directors of the company has also nominated Tarun Garg as a new Managing Director and CEO, which will commence its operations in India in January 2026, and a new era in the business of the automaker will start.
An Epic Investment in a Ground Breaking Decade
The 45000 crore investment strategy of Hyundai reflects its permanent investment in India now the 3rd largest automobile market in the globe.
The investments will be planned to target:
- Creating new models, such as EVs, hybrids and new-generation ICE.
- Infrastructure, i.e. EV networks, charging and battery production.
- Improving the local R&D.
- Increasing its manufacturing capacities in Chennai and Talegaon (Maharashtra).
Through this investment, Hyundai will be able to improve its presence not only in the realm of passenger cars but also become the leader within the field of clean mobility in India.
26 New Models on the Horizon
The product roadmap of Hyundai India is ambitious with a wide range of vehicles to suit the changing tastes and demands of the consumers as well as the emission standards.
Below is a breakdown of what is to be provided:
- 5 Electric Vehicles (EVs)
- 8 Hybrid Vehicles
- 7 All-New Products
- 6 Full Model Changes
- 6 Variants and 7 Facelifts
Hyundai will provide all the segments, including compact SUVs and high-end electric sedans, with a mix of innovation, safety, and sustainability.
Electricity and hybrid cars are promising a smoother car ride ahead.
The Indian market is witnessing an accelerated EV path of the Korean automaker, in the wake of the global trend of sustainable mobility.
Hyundai anticipates electric and hybrid cars to make a large portion of the total Hyundai sales in India by the year 2030.
The firm has already been localising EV parts, including batteries and motors, and is attempting to build a strong charging system by collaborating with government and non-governmental organizations.
Tarun Garg, the future MD & CEO, said in the previous time
Hyundai is completely in line with the green and connected mobility vision of India. We are investing to bring future technologies to all Indian customers.
Talegaon Plant to be a Major Player
Since it has acquired the General Motors facility in Maharashtra known as Talegaon, Hyundai is now preparing to turn it into a large production centre of its future models- particularly EVs and export cars.
This in addition to its Chennai operations means that Hyundai will have a total manufacturing capacity of over 1 million units per year by the time it will have expanded to India.
Leadership Change: Tarun Garg Assumes Leadership
Tarun Garg, the present Chief Operating Officer (COO) of the company, will replace the Managing Director and Chief Executive-Officer starting January 2026.
He replaced Unsoo Kim with whom Hyundai strengthened its role as one of the leading automakers in India.
Garg, who played a significant role in the development of Hyundai marketing, sales and dealer network has been expected to spearhead the next frontier of the brand development with a focus on:
- Electrification
- Sustainable operations
- Digital transformation
- Customer-centric innovation
Hyundai’s Vision for India
The 2030 roadmap of Hyundai India is in line with its vision of Progress of the Humanity on the global level – focus on sustainability, high-tech equipment, and customer experience.
This investment is an indication that India is a key market to Hyundai in the world and it intends to make the country a significant manufacturing and innovation hub.
In Summary
Key Highlights Details
Total Investment ₹45,000 crore by 2030
New Models Intended 26 (including EVs, Hybrids, and new versions)
EV Models 5
Hybrid Models 8
New MD & CEO Tarun Garg (effective January 2026)
Key Areas Clean mobility, Research and development, manufacturing growth.
The Road Ahead
Hyundai India is an organization that is positioning itself to have a transformative decade with a robust pipeline of EVs as well as hybrids and innovative vehicles.
The investment, new leadership and ambitious product strategy are an indication that the automaker aims to conquer the changing mobility in India as well as supporting the make in India and green energy agenda of the country.
By the year 2030, Hyundai is not only getting ready to sell automobiles but also to be the pioneer of the next wave of mobility in India.
