Hyundai Motor India Ltd. (HMIL) has introduced its plans to introduce eco-friendly powertrains, together with hybrid autos, as a part of its long-term technique to strengthen its place within the Indian automotive market.
Unsoo Kim, Managing Director of Hyundai Motor India, shared the information throughout an announcement on the corporate’s monetary efficiency and outlook.
“We’re additionally excited to announce an aggressive launch pipeline of 26 merchandise (together with refreshments) by FY2030 comprising 20 ICE and 6 EVs. Moreover, we will be introducing new eco-friendly powertrains like Hybrids. We consider that this aggressive launch pipeline, coupled with our upcoming Pune plant capability, will give us nice impetus to proceed our progress story in India,” Kim mentioned.
This improvement aligns with Hyundai’s broader imaginative and prescient of providing environmentally aware mobility options, amid a rising shift in client desire in direction of greener autos.
The announcement comes alongside Hyundai’s plans to spice up its manufacturing capability in India with a brand new plant in Pune, positioning the corporate to raised serve the evolving calls for of the Indian market.
Kim additionally highlighted Hyundai’s resilience over the previous 12 months, citing the success of key product launches such because the CRETA Electrical and Alcazar FL.
“Launch of merchandise like CRETA Electrical and Alcazar FL, together with seamless product refreshments throughout segments helped us in sustaining our aggressive edge. Hyundai’s sturdy model presence in key international rising markets enabled us to endure headwinds and maintain export volumes through the 12 months. The 12 months passed by signifies our resilience within the monetary efficiency by means of sustained revenues & wholesome working margins attributable to improved realisations & efficient price management measures,” he famous.
Improved price management measures and robust model fairness helped the corporate keep wholesome working margins and sustained export volumes regardless of international headwinds.
Trying forward, Kim stays cautiously optimistic about home demand amid ongoing macroeconomic challenges and subdued buyer sentiment.
“Whereas we count on our FY26 home progress to be broadly in keeping with Business estimates of low-single digit, we’re aiming for 7-8 per cent quantity progress in Exports by improved focus and leveraging our sturdy model fairness and legacy in the important thing rising markets,” he added.
