Hyundai Motor has announced plans to launch 26 new models by FY30, including 6 electric vehicles (EVs).
The company believes that the localization of battery pack assembly and sales will help support its margins.
Despite the pressure on Creta EV margins, the company is confident that it won’t impact its profits.
In the fourth quarter, Hyundai’s income grew by 1.5%, but its profits dropped by about 4%. The company also reported some margin pressure.
During a special conversation with CNBC-Awaaz, Tarun Garg, Hyundai Motor’s Whole Time Director and COO, shared insights on the company’s performance and future plans.
Outlook for FY26: Domestic and Export Growth
Tarun Garg mentioned that Hyundai’s margin in Q4 was 14.1%. For FY26, market growth is expected to be around 1-1.5% domestically, with low single-digit growth anticipated in the domestic market.
However, the company expects 7-9% growth in exports, which saw a 14% increase in the last quarter.
Hyundai’s new plant is expected to start operations in the third quarter of FY26, and the company plans to launch 26 new models in the next five years, with 21% of the volume expected from exports.
The Talegaon unit is expected to contribute 30% of exports.
Additionally, Hyundai is planning to expand its Pune plant by 60-65% and has signed an MOU worth ₹32,000 crore with the Tamil Nadu and Maharashtra governments, valid until 2032.
Aggressive Product Roadmap: 26 New Models by 2030
Hyundai is preparing to launch 26 new models by 2030, including new hybrid models. The company will also introduce 8 new models in the next two years.
These will include a mix of SUVs and other vehicle types, focusing on strengthening its EV portfolio.
As SUV demand remains strong, Hyundai plans to launch more SUVs while also diversifying its offerings in other segments to boost its EV lineup.
Creta’s Leadership in the SUV Market
Hyundai’s Creta has been one of the top-selling SUVs in India. Last year, the company sold 1.87 lakh Creta units, and the model has seen double-digit growth.
In March and April, Creta was the number one selling model, maintaining its strong brand value in India.
Key Highlights from Hyundai’s Concall
During Hyundai’s concall, the company shared that its domestic growth is expected to align with the industry’s growth. For FY26, export volumes are forecasted to grow by 7-8%.
The company is confident in maintaining a double-digit EBITDA margin. The localization of battery pack assembly will help support margins, and the impact on Creta EV margins will not affect the company’s overall profits.
The company confirmed that it will launch 26 new products by FY30, with 6 of them being electric vehicles.
Stock Performance
As of 10:20 AM today, Hyundai’s stock was trading at ₹1,871.50, showing a 1.21% drop or ₹23.00. The stock reached a day’s low of ₹1,868.60.
Over the past 52 weeks, the stock has ranged between a low of ₹1,541.70 and a high of ₹1,970.
Trading volume was 110,608 shares. In the past week, the stock gained 5.77%, in the past month, it increased by 12.51%, and in the last three months, it rose by 0.86%. Year-to-date, the stock has grown by 3.60%.
