José Muñoz, President and CEO of Hyundai Motor Company (HMC), visited India and participated in a town hall meeting at Hyundai Motor India Limited’s (HMIL) headquarters in Gurugram. During the event, he emphasized India’s strategic importance in Hyundai’s global operations and outlined plans for expansion in electric vehicles (EVs) and manufacturing.
India is Hyundai’s third-largest global market and plays a key role in the company’s future growth. Muñoz noted that HMIL, the second-largest passenger vehicle manufacturer in India, will contribute to Hyundai’s target of selling two million EVs globally by 2030. He highlighted Hyundai’s plans to expand its EV portfolio in India, with investments aimed at making electric vehicles more accessible to local consumers and improving the required infrastructure.
HMIL is also increasing its manufacturing capabilities, with a new facility in Talegaon, Maharashtra. This plant is expected to support domestic demand and strengthen India’s role as an export hub.
Hyundai’s recent initial public offering (IPO) has provided additional investment opportunities, enabling the company to expand its production capacity and introduce new products. HMIL will mark its 30th anniversary in India in 2026.