Hyundai India Outlines INR 450 Billion Investment, 26 New Launches By FY2030
- By MT Bureau
- October 15, 2025
South Korean auto major Hyundai Motor India (HMIL) held its first Investor Day, announcing a strategic roadmap that includes an investment of INR 450 billion by FY2030. The plan covers product expansion, manufacturing, localisation and financial targets.
The company envisions Hyundai Motor India becoming the second largest region within Hyundai Motor Company globally by 2030 and reinforcing its position as a key export hub.
The automaker plans 26 launches by FY2030, including seven new nameplates, entering the MPV and off-road SUV segments. Furthermore, it also plans to launch India’s first, locally manufactured dedicated electric SUV under the Hyundai nameplate by 2027. It also envisions a domestic market share of over 15 percent by FY2030.
Hyundai Motor India expects the Utility Vehicle (UV) segment to contribute over 80 percent of sales and for alternative fuel-powered vehicles (CNG + EV + Hybrid) to contribute more than 50 percent by FY2030.
The South Korean auto major also confirmed that it will bring its luxury brand Genesis in India by 2027. Furthermore, exports are expected to contribute around 30 percent by 2030 too.
In terms of financial performance, Hyundai Motor India targets a 1.5x increase in revenues, crossing a INR 1,000 billion milestone by FY2030, while sustaining double-digit EBITDA margins.
Jose Munoz, President & CEO, Hyundai Motor Company, said, “Following our landmark IPO last year and 29 years of success in India, now HMIL plans an investment of INR 450 billion through FY2030 to drive the next phase of growth. India is a strategic priority in Hyundai’s global growth vision. By 2030, HMIL will be our second-largest region globally, aligned with the Honorable Prime Minister Shri. Narendra Modi's vision of ‘Make in India.’ We're making India a global export hub, targeting upto 30 percent export contribution. Our commitment is comprehensive: 26 product launches including 7 new nameplates, India's first locally manufactured dedicated electric SUV by 2027 and the launch of our luxury brand Genesis, all while treating every customer like our honoured guest. The fundamentals are strong. The strategy is clear. The team is energised. And most importantly, we have the trust of Indian customers built over 29 years. It's a great time to be at Hyundai Motor India.”
Unsoo Kim, Managing Director, Hyundai Motor India, said, “Our robust investment plans reflect HMIL’s strategic expansion and our vision to deliver smart mobility solutions enriched with world-class products and cutting-edge technologies for India’s aspiring and fast-growing customer base. As we chart this growth trajectory, we are targeting a revenue milestone of INR 1,000 billion by FY2030, while sustaining strong double-digit EBITDA margins. Most importantly, we remain deeply committed to creating long-term value for our shareholders by announcing a healthy dividend payout guidance of 20% – 40 percent.”
Tarun Garg, Whole-time Director & COO, Hyundai Motor India, added, “This transformative 2030 roadmap serves as a pivotal catalyst in redefining HMIL’s growth trajectory and propelling us to new heights through well-aided strategic initiatives. As we chart our course through this transformative evolution, HMIL sets out target to achieve over 15 percent market share in domestic market underpinned by India centric product launches. We remain steadfast to augment our presence in high-growth SUV segment driven by robust product strategy and customer centric approach, thereby, targeting over 80 percent UV contribution by FY2030.”
He also noted that the company is set to offer a range of powertrain options spanning ICE, CNG, EV and Hybrid technologies, with over 50 percent of its portfolio powered by cleaner technologies. By FY2030, the company’s network will extend to 85 percent of India’s districts, with rural markets expected to contribute 30 percent of sales.
JSW MG Motor India Sells Over 350 Units Of MG Roadster, Waiting Period Stretches Upto 6 Months
- By MT Bureau
- November 25, 2025
JSW MG Motor India, one of the leading passenger vehicle manufacturers, has reported that its flagship electric roadster – the MG Cyberster, touted as the world's fastest MG and India's highest-selling sports car has gone home to over 350 customers since its launch in July 2025.
The model sold under the brand's luxury retail channel, MG SELECT, is priced at INR 7.49 million and is now seeing a waiting period of four to five months for new customers.
Milind Shah, Head - MG SELECT, said, “The phenomenal response to the Cyberster from sportscar enthusiasts has been extraordinary, particularly due to its striking design language and innovative features - including the iconic electric scissor doors and impressive acceleration from 0-100 in just 3.2 seconds. This remarkable success underscores that today's buyers are seeking high-performance sports cars that combine sustainable luxury with cutting-edge engineering. We have built a healthy order book and are efficiently working to cater to the current demand and upcoming bookings. From sports champions to movie stars, the Cyberster continues to capture the imagination of new India and its aspirations, drawing the attention of people from different walks of life. Beyond the vehicle itself, we are also creating immersive, curated experiences exclusively for our customers - ensuring that the MG SELECT ownership journey extends far beyond the drive."
The MG Cyberster draws on the heritage of the MGB Roadster. Powered by a dual-motor, all-wheel-drive setup it delivers 510 PS and 725 Nm of torque. A claimed acceleration from zero to 100 kmph in 3.2 seconds. It features electric scissor doors, soft-top roof and a low drag coefficient. In terms of braking power, it gets Brembo 4-piston front brake callipers stop the car from 100 kmph in 33 metres. It sports 20-inch staggered alloy wheels paired with Pirelli P-Zero tyres.
The company said that the combined success of the MG Cyberster and the MG M9 Presidential Limousine has established JSW MG Motor India as the second-largest brand in the Indian luxury EV segment.
Tata Sierra SUV Launched At INR 1.14 Million
- By MT Bureau
- November 25, 2025
Tata Motors Passenger Vehicles, one of the leading passenger vehicle manufacturers in the country, has launched the all-new Tata Sierra at introductory prices starting INR 1.14 million. The iconic SUV has been introduced in a new avatar as 'Premium' offering in the mid-size segment.
Shailesh Chandra, MD & CEO, Tata Motors Passenger Vehicles, said, “With the new Sierra, we are setting a new benchmark for what Indian mobility can be. The Tata Sierra stands as a testament to our belief that customers deserve more than the ordinary: they deserve innovation that inspires, design that resonates emotionally, and a premium experience that elevates every journey. This legend returns to inspire pride, express individuality and embrace progress, while enjoying the highest standards of comfort, technology, and safety. The Sierra is our commitment to lead, to challenge conventions, and to deliver an icon that truly moves India forward with purpose and distinction."
Sierra first debuted as a premium SUV offering in the country in 1991. The new model carries forward its identity while updating design, technology, capability and craftsmanship. The new Sierra aims to elevate the mid-size SUV segment by enriching space, comfort, safety and daily usability.
The SUV has already received the Red Dot Design Award and is available with three powertrain options across six versions:
- 1.5-litre direct injection petrol (Hyperion)
- 1.5-litre Revotron petrol
- 1.5-litre Kryojet diesel
The new Sierra has a monocoque design and five doors, unlike the original, which had three. It measures under 4.4 metres in length. In terms of safety, the Sierra gets over 20 ADAS 2+ features, including the ability to read speed signs and inform the driver. Six airbags and a sealed fuel system are standard.
On the inside, it gets tonnes of tech, including a triple screen display system laced with Dolby Atmos audio. Depending on the trim, Nippon-Desay and Harman (JBL) audio systems are available.
The design highlights include the slimmest headlamps in its category, a pillarless design past the B-pillar and a substantial glasshouse. The interior uses soft materials to create a living room feel and draws inspiration from contemporary Indian art. The SUV also offers water wading ability and good approach and departure angles.
Stellantis-owned French auto brand Citroen India and Milo Drive have signed an MoU to deploy 500 units of the Citroen e-C3 electric car.
Milo Drive operates ‘Fleet OS’, a platform that supports driver entrepreneurs and local fleet operators in managing cars across ride-hailing, travel and corporate mobility platforms.
The collaboration combines Citroen’s engineering with Milo Drive’s technology, which includes demand routing, utilisation analytics and driver performance tech. This is designed to create a scalable ecosystem.
Shishir Mishra, Business Head & Director - Strategic Partnerships & Institutional Business, Stellantis India, said, “Scaling electric mobility in India requires strong, future-ready partnerships, and our collaboration with Milo Drive reflects exactly that. The Citroen e-C3 offers the ideal balance of range, comfort and operating efficiency making it a proven performer for shared mobility. Together, we are enabling EV access at scale and contributing meaningfully to India’s transition toward a low-carbon mobility ecosystem.”
Monil Jayeshkumar Khatri, Co-Founder, Milo Drive, said, “With Citroen, we’re blending affordability with intelligence. Their support extends beyond vehicles to real-time battery insights and performance data; helping us further enable hundreds of entrepreneurs to build and run their own mobility businesses through Milo Drive’s tech platform. This collaboration is a significant milestone in our journey to electrify India’s urban mobility landscapes.”
Spinny Expands North India Footprint with New Car Parks
- By MT Bureau
- November 20, 2025
Spinny, a used car retail platform, has opened new car parks in Sonipat, Karnal and Ambala, increasing its presence in North India. The expansion gives customers in these cities and surrounding regions access to the company’s collection of inspected used cars.
The new car parks are located along the GT Road corridor, improving regional accessibility for customers across the North region.
The new parks function as single destinations where customers can explore, test drive, buy, or sell cars. The expansion aims to serve growing demand for pre-owned vehicles along this corridor, complementing Spinny’s customer base in Delhi NCR and Chandigarh.
Hanish Yadav, Senior Vice-President, Spinny, said, “With our new parks in Sonipat, Karnal and Amabala, we’re excited to bring Spinny’s trusted car experience closer to our customers. These parks not only expand our reach but also make it easier for customers to explore our 200-point inspected cars in person. At Spinny, we’re committed to making every step of buying or selling a car transparent, comfortable, and filled with joy.”
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