Hyundai Motor India has announced a flurry of plans to claw back their marketshare which as of FY2024-25 is the lowest it has been since FY2012-13. While Hyundai dispatched a record number of Creta units in March, the rest of its portfolio has been seeing a downtrend or stagnation in sales. To overcome this, the carmaker has announced a slew of plans.
According to Mr. Unsoo Kim, Managing Director, Hyundai Motor India Limited— the company plans to introduced upto 26 new launches in the next five years which includes updates and facelifts of the current lineup as well as completely new products. Out of the total 26 launches being considered, 20 are likely to be ICE with the other 6 being EVs. Additionally, Hyundai also plans to introduce Hybrid technology in their future products.
Furthermore, Hyundai also released some interesting statistics. It says in rural markets, more than 67% of sales are from its SUV range. It also says the new Talegaon plant will commence operation in this financial year which will boost production capacity to meet the future projected growth.
As of this month, Hyundai sells a lineup of 13 products in India ranging from hatchbacks like the Grand i10 NIOS to SUVs such as the Tucson and Alcazar.