Positive impactCompany
Hyundai aims to regain No. 2 spot in India by 2028-29, says global CEO
Business Standard 2 hrs ago·14 Oct 2026, 3:07 pm
Hyundai Motor India has set an ambitious target to reclaim its position as the country's second-largest carmaker by the financial year 2028-29. To achieve this, the company plans to expand its manufacturing capacity in Pune and introduce a lineup of 26 new models over the next five years. A significant portion of this expansion will focus on electric vehicles and increasing localisation to reduce costs.
For investors, this strategy signals Hyundai's intent to maintain its competitive edge in a rapidly evolving market. The push for electric vehicles aligns with broader industry trends, while localisation efforts could improve profit margins. The company's ability to execute these plans will be key to sustaining its growth trajectory.
Moving forward, investors should monitor Hyundai's production milestones and the uptake of its new models. The success of its electric vehicle strategy and operational efficiency will be critical indicators of whether the company can meet its 2028-29 target.
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- Category: Company.
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