: South Korean auto major Hyundai Motor Co President & CEO Jose Munoz Wednesday said the company’s Indian arm will invest Rs 45,000 crore by FY30, aiming to make India its second-largest region globally.

Addressing investors here in his first visit to the country, Munoz said Hyundai Motor India Ltd (HMIL) has set a target of up to 30 per cent export contribution.

The company also aims to increase its revenues by 1.5 times and cross the Rs 1 lakh crore milestone by FY2030 under its 2030 growth roadmap.

Under the roadmap, HMIL plans 26 product launches by FY2030, including seven new nameplates, marking its entry into the MPV and off-road SUV segments.

The company also aims to roll out a locally designed, developed and manufactured dedicated electric SUV for the Indian market by 2027.

Th

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