Tarun Garg
Business
C
CNBC TV1802-01-2026, 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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