South Korean automotive major Hyundai Motor Company has announced plans to achieve 5.55 million annual global vehicle sales by 2030, targeting a 6 percent global market share. The OEM intends to increase the share of electrified vehicles in its sales mix to 60 percent by 2030, up from 23 percent in 2025.

Interestingly, the company’s ambitious strategy includes launching or refreshing more than 100 models by 2030 across major markets, including 58 in North America, 49 in South Korea, 41 in Europe, 26 in India and 22 in China.

The product offensive features Extended Range Electric Vehicles offering over 600 miles of range, with the Santa Fe EREV set to begin production at Hyundai Motor Manufacturing Alabama in the first half of 2027.

Jose Munoz, President and CEO, Hyundai Motor Company, said, “Our fundamentals have never been stronger. Hyundai Motor Group is the third-largest automotive group and the second-most profitable, which gives us the ability to invest while others are pulling back. We are bringing more than 100 new models to market by 2030 with multiple powertrain options and raising our operating margin above 9 percent. We are leveraging partnerships to scale new technologies and opportunities and becoming a physical AI company which will produce and deploy robots and robotaxis.”

Hyundai Motor plans to add 1.27 million units of global manufacturing capacity by 2030. The expansion allocates 500,000 units to North America, 320,000 to India, 250,000 across complete knock-down sites and 200,000 to South Korea, including a facility at its Ulsan operations.

In North America, Hyundai aims to raise its local parts sourcing target to 80 percent by 2030. The brand plans to offer more than 10 hybrid models in the region, targeting a 50 percent hybrid sales mix produced at its Alabama and Georgia facilities.

The Genesis luxury brand aims to achieve 350,000 annual sales across more than 40 markets by 2030. Genesis will launch the GV80 Hybrid in the fourth quarter, followed by the GV90 flagship SUV and an EREV variant targeting a range of over 640 miles in early 2027.

The group will begin deliveries of IONIQ 5 Waymo robotaxis in the fourth quarter of 2026 from its Georgia plant, ahead of commercial driverless services later in the year. Hyundai is also collaborating with Boston Dynamics to commercialise manufacturing robotics, planning to deploy the industrial humanoid robot Atlas at Hyundai Motor Group Metaplant America from 2028.

Autonomous driving development includes testing Atria AI in South Korea this year, followed by Level 2+ autonomous integration on mass-produced vehicles in 2028 through a collaboration with NVIDIA. To support computing requirements, Hyundai plans to open the 100-megawatt Saemangeum AI Data Center in 2029.

In-house battery developments feature cells delivering higher output and 40 percent faster charging speeds, alongside cloud-based battery management systems aimed at extending cell life by 20 per cent by 2028. The company is introducing Thermal Runaway Protection technology on the Genesis GV90 to prevent heat transfer between battery cells.

Financial targets for 2030 include raising the consolidated operating profit margin target to above 9 percent, supported by a 3 percentage point reduction in the cost of sales ratio. For the first half of 2026, Hyundai reported revenue of 95.2 trillion won (USD 70 billion) and an operating profit margin of 5.6 percent.

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European auto major Stellantis hosted an executive preview event in Paris, introducing six concept vehicles across its brand portfolio ahead of the Paris Motor Show. The reveals span models from Alfa Romeo, Citroën, DS Automobiles, FIAT, Opel and Peugeot, forming part of a broader exhibition featuring over 60 vehicles and nine concept cars across eight corporate brands.

The introduced concepts reflect distinct engineering and design directions for each brand. The Alfa Romeo Cuorerosso concept presents a multi-energy architecture capable of accommodating models up to 4.7 metres in length, including a 2.9-litre V6 full-hybrid powertrain with all-wheel drive.

Citroën unveiled the 2 CV Concept, an electric vehicle targeted for European production at a EUR 15,000 price point. FIAT showcased the Multiplay, a configurable vehicle architecture combining pickup and utility vehicle traits inspired by the original Multipla design.

Opel presented the STX Concept, outlining design elements and lighting signatures for future estate models, while Peugeot revealed the RCZ Vision built on the STLA One platform and featuring steer-by-wire technology alongside updated cabin controls.

DS Automobiles displayed the DS F3VER concept, focusing on vehicle customisation and design parameters for future production models.

Gilles Vidal, Head of Design, Enlarged Europe at Stellantis, said, "With these six concept cars, we are expressing a shared conviction: the future of automotive design must be both bold and meaningful. Each concept explores new ways to enhance everyday experiences while reinforcing the unique identity of its brand. Together, they demonstrate how creativity, innovation and emotion can come together to make people fall in love with cars again."

Antonio Filosa, CEO, Stellantis, said, "This event brings our FaSTLAne 2030 strategy to life. It reflects the extraordinary effort of our teams and our commitment to shaping the future of mobility through iconic brands, compelling design and innovative technology, giving customers more choice and more reasons to be excited about what’s ahead."

Emanuele Cappellano, COO for Enlarged Europe, Stellantis, said, "Stellantis is deeply rooted in Europe and holds a leading position that will be strengthened by the success of all our brands. Stellantis wants to fully leverage the competitive advantage set by its iconic brands’ uniqueness, offering cars that are at once rooted in heritage and future-driven, based on robust know-how and distinguished by their unmatched design beauty, to shape the future of mobility with more than 50 products to be launched by 2030. These achievements, based on the execution of our strategic plan, will enable Stellantis to expand its market coverage in Enlarged Europe by 25 percent."

The concept unveils support Stellantis's broader product development roadmap, which targets the introduction of over 50 vehicle models by 2030 and a 25 percent expansion in European market coverage.

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Chinese premium electric vehicle brand AVATR announced its entry into the European market at an event in Paris, marking the next phase of its global growth plan. The manufacturer will initiate European retail operations in 2027, launching first in Norway and Spain with the AVATR 06T and 07L models.

AVATR operates as a joint initiative combining vehicle manufacturing from Changan Automobile, battery technology from CATL and software engineering capabilities from a technology enterprise, with design operations split between hubs in Shanghai and Munich.

Over the next three years, AVATR plans to introduce six models in Europe across mid-size SUV, large SUV and shooting-brake body styles. The company currently operates in 70 countries and regions, with global sales exceeding 280,000 units. AVATR targets expansion into 110 countries and regions by 2030, projecting overseas sales to represent more than 50 per cent of its total volume.

Justin Li, Head of AVATR Overseas Business, said, "AVATR has been a global brand from the very beginning. Over the next three years, six models will be launched in Europe spanning mid‑size SUVs, large SUVs and shooting‑brake body styles. In 2027, Norway and Spain will serve as AVATR’s European launch markets, where the AVATR 06T and 07L will make their European debut, officially embarking on a new journey for AVATR in Europe."

To establish its European retail and service infrastructure, AVATR has partnered with Nordic automotive importer RSA in Norway. The collaboration will establish two flagship locations in Oslo alongside additional experience centres and regional distribution points across major Norwegian cities. The company is setting up a localised service network, factory training programs and a European spare-parts logistics framework to support maintenance, roadside assistance and battery recycling operations.

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Toyota Kirloskar Motor, one of the leading passenger vehicle manufacturers in the country, has introduced the 2026 Fortuner Leader Edition in India, featuring exterior styling revisions and interior equipment updates.

Bookings for the model open on 12 October 2026 across company dealerships, with ex-showroom prices set at INR 3.65 million for the 4x2 Manual Transmission variant and INR 3.87 million for the 4x2 Automatic Transmission variant.

On the outside, the Leader Edition include the new redesigned front grille design, black rear door garnish, gloss black alloy wheels with matching hub caps, body side mouldings, a hood emblem and a black-finished roof and antenna.

In the cabin, the model features dual-tone black and maroon seat upholstery, matching door trims, ambient lighting and illuminated scuff plates. Additional functional additions comprise auto-folding outside rear-view mirrors and a tyre pressure monitoring system.

Sabari Manohar, Executive Vice-President of Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, "The Fortuner has always represented confidence, capability and a spirit of achievement. With the new Leader Edition of the Fortuner, we are further defining this legacy through exterior enhancements and convenience features that reflect the aspirations of today’s customers. As we continue to align with changing trends, it is our endeavour to continuously evolve the Fortuner experience while staying true to the inherent qualities that have made them iconic. We are confident that the Leader Edition will further strengthen our commitment to delivering ever-better cars and creating Mass Happiness for All."

The model will be offered in three exterior colour options: Super White, Platinum White Pearl and Attitude Black. Toyota offers ownership packages with the vehicle, including a standard three-year or 100,000 km warranty extendable to five years or 220,000 km, 5-years of complimentary roadside assistance, and financing options up to seven years.

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Kia India, one of the leading passenger vehicle manufacturers, has expanded its Assured Buyback Programme to cover internal combustion engine (ICE), hybrid and electric vehicle models.

The programme provides customers with predetermined residual values at the time of purchase to simplify vehicle trade-in and upgrade procedures.

Under the updated terms, eligible internal combustion engine vehicles carry an assured residual value of up to 75 percent after three years, while electric vehicle models offer up to 70 percent over the same timeframe.

The scheme encompasses Kia's product range, including the Sonet, Syros, new Seltos, Carens, Carens Clavis and Sorento across petrol, diesel, CNG, hybrid and electric powertrains.

Atul Sood, Senior Vice-President of Sales and Marketing, Kia India, said, "A vehicle purchase is a long-term decision, and customers increasingly seek greater certainty around future value and upgrade convenience. By expanding our Assured Buyback Programme with industry best resale value of upto 75 percent on ICE and upto 70 percent for EV in 3 years, we are enabling eligible customers to understand their vehicle’s assured residual value at the outset and plan their ownership journey with greater confidence. The initiative reflects our commitment to building enduring customer relationships and delivering consistent value from the first purchase through to the next exchange or upgrade."

The programme offers tenure options of three, four, or five years for ICE models and three or four years for electric vehicles. Annual mileage limits can be set at 10,000 km, 15,000 km or 20,000 km, supporting total usage caps of up to 100,000 km across the contract period. Enrolment is managed through authorised Kia dealerships at the point of vehicle purchase, with guaranteed buyback values executed at the end of the selected tenure subject to contract terms.

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