Hyundai Drives Forward: India's Resilient Landscape Boosts Auto Growth
Hyundai Motor India Ltd Managing Director Unsoo Kim highlighted India's economic resilience as a key factor supporting automotive demand recovery. In 2025-26, HMIL projects domestic sales growth in line with industry estimates and 7-8% growth in exports. The company also plans to expand its luxury Genesis brand and enhance manufacturing capabilities.
- Country:
- India
In the face of global disruptions and macroeconomic uncertainties, India's economic resilience is proving beneficial for consumption-driven sectors like the automotive industry. Hyundai Motor India Ltd (HMIL) Managing Director Unsoo Kim asserts that these factors support a favorable landscape for the industry's recovery.
Kim stated that HMIL aligns its domestic sales growth with industry projections, anticipating a modest increase and a more significant 7-8% growth in exports by 2025-26. The company sold 7,62,052 units in 2024-25, showcasing strong demand in both domestic and international markets.
The introduction of Hyundai's Genesis luxury brand in the Indian market marks a strategic expansion. Additionally, production enhancements focus on increased manufacturing capacity with a new facility in Pune aimed at producing over one million units annually by FY 2025-26.
(With inputs from agencies.)
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