Hyundai Motor India has announced a target of 8% to 10% domestic sales growth for the 2026-27 financial year. The company aims to strengthen its market position by increasing local production and expanding its vehicle lineup.
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Managing Director and CEO Tarun Garg stated that the firm has reached 83% localization with Tier-1 suppliers. The company now plans to push this figure to 92% to reduce import reliance and manage production costs.
Growth will be driven by the recently launched Bayon SUV and an upcoming compact electric SUV. Hyundai expects the combined annual sales of the Creta and Bayon to exceed 2.5 lakh units in 2027. The Bayon is also slated for export to approximately 50 countries.
By 2030, the manufacturer intends for 50% of its total portfolio to consist of eco-friendly vehicles, including CNG, hybrid, and electric models. To support these goals, the company is expanding its research and development capabilities in India.
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