Shares of Hyundai Motor India Ltd. are currently little changed on Wednesday, October 15, after the company said it plans to invest ₹45,000 crore by the financial year 2030. The company made these remarks ahead of its investor day, which is currently underway.
The automaker said it is planning 26 launches by FY30, including seven new products. It will also launch a multi-purpose vehicle (MPV) and off-road sports utility vehicles (SUVs), its investor presentation shared with the exchanges said.
Hyundai said it would launch India's first, locally-manufactured dedicated electric SUV by 2027. The automaker is targeting over 15% domestic market share.
It also said it would launch the luxury segment brand 'Genesis' in India by 2027.
Hyundai Motor has reinforced its position as a key export