New Delhi, Aug 26: Hyundai Motor is preparing for a major expansion of its global automotive business, with plans to introduce more than 100 new and updated models by 2030 and significantly increase production capacity.
The company plans to add around 1.27 million vehicles to its global production capacity over the coming years. The expansion is aimed at meeting demand in key markets and giving Hyundai greater flexibility in responding to changes in consumer preferences.
Hyundai is also targeting global sales of 5.55 million vehicles by 2030. Electrified vehicles, including electric cars, hybrids and extended-range electric vehicles, are expected to make up a substantial share of those sales.
India is expected to become an important part of the company’s long-term growth strategy. Hyundai plans to expand manufacturing capacity in the country and introduce a wider range of models to serve both domestic customers and export markets.
North America will also receive significant attention, with Hyundai planning to broaden its hybrid vehicle lineup and strengthen its presence across different segments.
Beyond vehicle sales and manufacturing, the company is investing in technologies that could shape the future of mobility. Its plans include further development of software-defined vehicles, autonomous driving, artificial intelligence and robotics.
The company is also aiming to improve profitability alongside its expansion. Its long-term strategy combines increased production and a larger product portfolio with efforts to build a more technology-focused and efficient business.
Hyundai’s roadmap comes at a time when competition in the global automobile industry is intensifying. By expanding its model range, increasing production and offering customers more powertrain choices, the automaker is seeking to strengthen its position across major international markets.
The strategy marks a significant push by Hyundai to combine scale, electrification and new mobility technologies as it prepares for the next phase of growth through 2030.