Hyundai Motor India Ltd (HMIL) plans to increase its annual production capacity to 1.14 million units by 2030 and raise localisation of components to 92 per cent by 2032 as it strengthens its manufacturing base in the domestic market, The Hindu BusinessLine reported.

Source: The Hindu BusinessLine

"Today, Hyundai Motor India has an installed annual capacity of 9,94,000 units. By 2030, this will increase to 1.14 million units. Our two Chennai plants remain at the heart of our domestic and export operations with an annual capacity of 8,24,000 units," HMIL Managing Director and CEO Tarun Garg said at the launch of the new model Bayon.

On localisation, Garg said the company sources around 83 per cent of its components locally at the Tier-1 supplier level, with more than 1,200 localised components and around 200 Indian supplier partners, and aims to raise the share to 92 per cent by 2032.

11.4 lakhCars a year — HMIL's capacity target by 2030
92%Localisation target by 2032, up from about 83%

The capacity push builds on the group's India expansion announced earlier this month: Hyundai said it would invest ₹11,000 crore (about $1.16 billion) in its Pune plant to raise that facility's capacity to 320,000 units a year by 2030, as part of a $15.5 billion Hyundai Motor Group commitment to India through 2032, Reuters reported. Combined Pune and Chennai capacity is expected to bring the India total to 1.14 million units annually.

Source: Reuters via GoldSea

Garg noted that HMIL has sold nearly 14 million vehicles from India — 10 million in the domestic market and 4 million through exports — since starting operations in 1998 with sales of 8,500 units, in a passenger-vehicle market that has grown from 3.7 lakh units in 1998 to an estimated 52.5 lakh units in 2026.