Hyundai Motor India Limited (HMIL) is the Indian subsidiary of the South Korean automobile manufacturer Hyundai Motor Company. It is the second largest car manufacturer in India by sales. Hyundai Motor India Limited was formed on 6 May 1996 by the Hyundai Motor Company of South Korea. HMIL's first car, the Hyundai Santro was launched on 23 September 1998 and was a runaway success. Within a few months of its inception, HMIL became India's second-largest automobile manufacturer and the largest automobile exporter.
The company has established itself as a dominant player in the Indian automotive market, ranking second in India from April 2021 through June 2024, and has sold nearly 12 Mn vehicles domestically and internationally since inception. As a subsidiary of Hyundai Motor Company (HMC), HMIL is the country's leading automobile manufacturer. In line with HMC's global brand vision of 'Progress for Humanity', the company adopts sustainable and green manufacturing operations, offering mobility solutions with industry leading technology.
HMIL has two manufacturing plants, one in Irungattukottai, Tamil Nadu and Other in Talegaon, Maharashtra. Irungattukottai Plant has a capacity of 850,000 vehicles per annum. Hyundai has two manufacturing plants in India located at Sriperumbudur in the Indian state of Tamil Nadu. Both plants have a combined annual capacity of 600,000 units.
The company's main manufacturing facility is located near Chennai, optimised to manufacture the full range of vehicle models. Hyundai's plant near Chennai is a fully integrated state-of-the-art manufacturing plant and boasts advance production, quality and testing capabilities. Spread over a total area of 535 acres, there are two plants inside producing 680,000 units between them.
The company has made significant environmental commitments at its manufacturing facilities. While Hyundai plant is one of the largest in India, it also has the best of the eco-friendly manufacturing practices to conserve resources and reduce consumption to the maximum. The plant is a zero discharge unit meaning it recycles 100% of the waste water.
In a strategic expansion move, HMIL signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets related to General Motors India (GMI)'s Talegaon Plant in Maharashtra. As part of Hyundai's resolute commitment to the Indian automotive industry, with the Sriperumbudur (Chennai) and Talegaon plants, Hyundai Motor India aims to cumulatively achieve a production capacity of 1 million units a year.
HMIL's model line-up consists of car models across different customer segments, including Grand i10 NIOS, i20, i20 N Line, AURA, EXTER, VENUE, VENUE N Line, VERNA, CRETA, CRETA N Line, CRETA Electric, ALCAZAR, TUCSON and the all-electric SUV IONIQ 5. The company has achieved total monthly sales of 60,924 units in June 2025. SUVs contributed 67.6% to HMIL total domestic sales in June 2025.
The company has been expanding its electric vehicle portfolio significantly. The company launched SUV CRETA in 2015 launched India's first fully electric massmarket SUV the KONA Electric and a fully connected SUV VENUE with Global BlueLink Connectivity Technology in 2019. In 2023 it thereafter launched Hyundai IONIQ 5 in India and acquired Talegaon Plant in Pune from General Motors India Private Limited.
HMIL operates with a network of 1,366 sales points and 1,550 service points across India. HMIL has the second largest sales and service network in India after Maruti Suzuki. HMIL also operates its own dealerships known as Hyundai Motor Plazas in large metros across India.
HMIL also forms a critical part of HMC's global export hub with exports spanning across Africa, the Middle East, and other countries including Bangladesh, Nepal, Bhutan and Sri Lanka. HMIL currently exports vehicles to over 92 countries across Africa, Middle East, Latin America, Australia and Asia. As of 2025, HMIL is the second largest car exporter in India following Maruti Suzuki.
Hyundai Motor India has a market cap of 1,67,717 Crore as of latest data. The company reported revenue of 67,654 Cr and profit of 5,492 Cr for the recent period. On a consolidated basis, Hyundai Motor India Ltd reported a profit of Rs 1,614.35 crore on a total income of Rs 18,149.86 crore for the quarter ended March 2025. For the year ended 2024, Hyundai Motor India Ltd had posted a profit of Rs 6,060.04 crore on a total income of Rs 69,829.06 crore.
Key financial highlights include:
- Company has delivered good profit growth of 18.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.8%
- Company is almost debt free
- The Board of Directors recommended a final dividend of Rs 21 per equity Share (i.e. 210%) for FY25
Promoter Holding: 82.5% as of the latest available data. Promoter holding in Hyundai Motor India Ltd has gone down to 82.50 per cent as of Mar 2025 from 100.00 per cent as of Jun 2024. This change reflects the company's public listing, which occurred on 22 Oct, 2024.
In the year 2007, Hyundai opened its R&D facility in Hyderabad, employing now nearly 450 engineers from different parts of the country. Hyundai Motor India Engineering (HMIE) gives technical & engineering support in vehicle development to Hyundai's main R&D centre in Namyang, Korea. Hyundai Motor India Engineering (HMIE) is a fully owned subsidiary of Hyundai Motor Company, South Korea, which is located at Hyderabad, Telangana.
The company continues to focus on innovation and technology development to maintain its competitive position in the rapidly evolving Indian automotive market, particularly in the electric vehicle segment where it aims to be a key player in India's transition to sustainable mobility solutions.
