HMIL TO BOOST OUTPUT TO 1.5 MN UNITS BY 2030

Solid sales in markets like India have powered Hyundai Motor’s sales growth in markets outside Korea which were up by 1.9 per cent to 846,800 units, with the US also contributing in the boost.

- NIVEDITA MUKHERJEE

The Korean automaker sold 1,006,767 units worldwide in the January–March period, a 1.5 per cent decrease from a year earlier, and plans to enhance profitability through various measures despite global uncertainties, fluctuations in interest rates, and geopolitical issues and amidst a dip in the company’s operating profit by 2.3 per cent year over-year during the January–March period, to KRW 3.56 trillion with an operating profit margin of 8.7 per cent. Its net profit (including non-controlling interest) was down 1.3 per cent to KRW 3.38 trillion.

Celebrating its 30th anniversary in 2026, Hyundai Motor India is developing its 2030 strategy under the slogan ‘Innovator in Mobility and Beyond’ amid the growing strategic importance of India signalled by the recent visit of Hyundai Motor Group Executive Chair Euisun Chung to the world’s fifth largest economy and top three automobile markets. The Hyundai chairman is looking at mid-to long-term mobility commitments aimed at solidifying Hyundai’s position as a leading mobility provider in India while exploring various business opportunities in the rapidly evolving Indian market.