Hyundai Motor India's Green Hydrogen Initiative and Growth Strategy
Key Ideas
- Hyundai Motor India is focusing on making hydrogen a viable and affordable energy solution, collaborating with IIT Madras and the Tamil Nadu government to reduce green hydrogen costs.
- The company has committed a ₹100 crore investment to this initiative and is preparing to launch the Creta EV in Q4FY25 as a game-changer for the electric vehicle market.
- Hyundai's product mix has seen a notable shift towards SUVs, accounting for 68% of total sales, with plans to increase production capacity to 9.94 lakh units by Q3FY26 in its Pune plant.
- Despite a profit dip in the July-September quarter, Hyundai's shares have gained about 5% since listing, reflecting positive market sentiment towards the company's growth strategy.
Hyundai Motor India is experiencing healthy growth across hatchback, sedan, and SUV segments, with a focus on expanding its electric vehicle offerings. Whole-Time Director and COO Tarun Garg emphasized the company's commitment to making hydrogen a viable energy solution in India. Hyundai is collaborating with IIT Madras and the Tamil Nadu government to drive down the cost of green hydrogen, with a ₹100 crore investment allocated for this purpose. The company is set to launch the Creta EV in Q4FY25, aiming to revolutionize the electric vehicle market. Additionally, Hyundai is boosting its SUV production, expecting a production capacity of 9.94 lakh units by Q3FY26 at its upcoming Pune plant. Despite a profit decline in the last quarter, Hyundai's market capitalization has been positive, with shares rising by 5% since listing. Through strategic initiatives and partnerships, Hyundai Motor India is poised for sustainable growth and innovation in the automotive sector.