The Economic Times

Hyundai Motor India targets No. 2 spot with new SUVs, higher production capacity

Hyundai Motor India plans to launch two new SUVs, including an electric model, to boost sales. The company is increasing production capacity to support future growth and regain its market position. Hyundai expects to outperform industry growth in the latter half of the fiscal year. The new electric vehicle will help increase the company's EV penetration to industry levels. Hyundai is confident in maintaining sales momentum, especially in rural markets.