IEC 2025: Hyundai is India’s biggest cumulative auto exporter, says Tarun Garg

Hyundai Motor India Limited has exported over 3.7 million passenger vehicles to more than 150 countries since commencing exports in 1999. In 2024 alone, the company exported 158,686 vehicles, with significant markets including Saudi Arabia, South Africa, and Mexico. This achievement reflects the company's strong global presence and the increasing trust in Indian manufacturing.

Hyundai Motor India has noted a significant shift towards SUVs, which now comprise 69% of its total sales in FY25, up from 63% the previous year. This reflects a strategic focus on expanding its SUV portfolio, including the introduction of new models and enhancing existing ones to meet consumer preferences.

Hyundai plans to invest Rs 45,000 crores in India by FY2030, focusing on product expansion, manufacturing, and localization. This investment aligns with Hyundai's vision to make India a global export hub and includes plans for 26 new product launches, enhancing its presence in the Indian market.

Hyundai's localization strategy aims to increase the percentage of locally sourced components from 81% to nearly 90%. This move is intended to enhance cost competitiveness and minimize the risks associated with global supply chain disruptions, while also ensuring that Indian auto components meet international quality standards.

The Hyundai i10 has achieved over 3.3 million cumulative sales globally, with more than 1.3 million units exported to over 140 countries. Its high localization rate of over 91% for both domestic and export markets showcases Hyundai's commitment to leveraging Indian manufacturing capabilities to meet global demand.