Hyundai Motor Company will push India up its global pecking order to become its second-largest market by 2030, or potentially earlier, on the back of deeper localisation, a broader product slate and a bigger role in exports and research and development, José Muñoz, President & CEO of HMC said at a media roundtable in Mumbai on October 15.

“We would like India to move from number four to number two… by 2030 or earlier. A very solid number two after North America, representing around 15% of our total volumes,” he said, adding that the plan is underpinned by 26 upcoming products, seven of which will enter new segments.

Muñoz underlined that India, not China, has been “more important” to Hyundai “for the last 30 years,” and will anchor the company’s next phase with end-to-end localisation—ma

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