Hyundai plans to regain 14.6% Indian market share with $4bn investment in new SUVs and electric vehicle.

Hyundai plans to regain its 14.6% market share in India by introducing new SUVs and investing $4bn over the next decade. The South Korean automaker will roll out its first India-made electric vehicle early next year followed by two gasoline-powered models by 2026. Hyundai is preparing for a $3bn public listing in India, amidst mounting competition from domestic rivals Tata Motors and Mahindra & Mahindra.

August 29, 2024
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