India to be Hyundai's Largest Global Hub Outside Korea as Exports Soar

Business
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CNBC TV18•02-01-2026, 21:12
India to be Hyundai's Largest Global Hub Outside Korea as Exports Soar
- •Hyundai Motor India is set to become the largest manufacturing base for Hyundai outside Korea, driven by capacity expansion.
- •Total capacity will reach 994,000 units with Talegaon Phase 1, expanding to 1.1 million by 2028.
- •Exports surged 21.5% year-on-year in Q2, contributing 27% to overall sales, with a target of 30% medium term.
- •New models like the Hyundai Venue, exclusively made in India for global markets, boost export opportunities.
- •Exports offer higher margins, contributing to Hyundai's 13.9% EBITDA margin in Q2, supporting profitability.
Why It Matters: India is rapidly emerging as Hyundai's crucial global manufacturing and export hub, driving growth and profitability.
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