Hyundai Motor India Limited has outlined an aggressive expansion strategy for FY27 with a planned capital expenditure of ₹7,500 crore, new SUV launches and additional manufacturing capacity as the automaker aims to regain its position among India’s top passenger vehicle manufacturers, as per PTI report.
Tarun Garg, Managing Director and CEO of Hyundai Motor India Limited (HMIL), said the company’s FY27 growth roadmap will be backed by investments of around ₹7,500 crore, marking Hyundai’s highest capital expenditure in recent years.
According to Garg, nearly 45% to 50% of the planned investment will be allocated towards development of new products, while the remaining amount will be used for manufacturing expansion at the company’s Chennai and Pune facilities.
Hyundai also plans to increase the capacity of its Pune plant by an additional 70,000 units after the Phase-II expansion, taking the company’s overall production capacity to 1.14 million units by 2030.
The company will introduce two completely new nameplates during the current financial year as part of its next growth phase.
Tarun Garg said both upcoming launches are expected to contribute meaningfully to sales volumes and strengthen Hyundai’s market position in high-demand SUV categories.
One of the launches will be a localised dedicated electric compact SUV, marking Hyundai’s entry into a new EV segment as the company accelerates its electrification strategy. The second launch will expand Hyundai’s internal combustion engine (ICE) SUV portfolio and strengthen its position in the mid-size SUV category.
Garg said the upcoming products are intended to broaden Hyundai’s portfolio and deepen market penetration across fast-growing segments.
Hyundai expects domestic sales growth of 8% to 10% during FY27 while exports are also projected to grow at a similar pace despite geopolitical uncertainties.The company is additionally evaluating a vehicle price increase this month to partly offset rising commodity costs.
Responding to questions on Hyundai’s domestic ranking, Tarun Garg said the company remains determined to regain the number 2 position in India’s passenger vehicle market after losing ground to Mahindra & Mahindra and slipping behind Tata Motors in FY26.
On exports, Garg said the company remains cautious about geopolitical developments but expects continued growth while strengthening India’s role as a manufacturing hub for emerging markets.
As of 11 May 2026, at 10:15 AM, Hyundai Motor India Limited share price is trading at ₹1,891.30 per share, reflecting a surge of 2.08% from the previous closing price.
Hyundai Motor India’s latest investment and product expansion plans highlight the company’s renewed focus on capacity growth, SUV leadership and electrification as competition intensifies in the Indian passenger vehicle market.
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Published on: May 11, 2026, 10:48 AM IST
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