Oh wow! One is EV while the other is petrol-diesel…; Two powerful new cars of Hyundai will be launched this year; Competition will increase for Maruti-Tata

Hyundai Motor Company: Currently at Hyundai Motor India Tata Motors And facing competition from Mahindra & Mahindra, its position as the second largest car manufacturer behind Maruti Suzuki is under threat. Hyundai has made special preparations for the current financial year. This financial year, Hyundai Motor India will introduce two new models in the Indian market. One of these new cars will be a petrol-diesel vehicle in the midsize SUV segment and the other will be a compact electric SUV. The company will focus heavily on localization, whereby the design and development of these electric vehicles (EVs) will be done exclusively locally.

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Competing with Maruti, Tata and Mahindra

You may be wondering, why these new models when Hyundai already has so many vehicles in various segments? Last year, Hyundai announced that it would introduce at least 30 new cars by 2030, including some new models and mostly facelifts or updated models of existing cars. Now, with the start of FY 2027, the company has confirmed that two new models, i.e. two brand new cars, will be launched this financial year. These upcoming Hyundai cars will compete with ICE cars like Maruti Suzuki Victoris, Skoda Kushak and Toyota Urban Cruiser Highrider, as well as other electric cars like Tata Nexon EV, Winfast VF6, MG Windsor EV and Mahindra XUV3XO.

Hyundai Motor India has announced its roadmap for the financial year 2027

In its roadmap for the financial year 2026-27, Hyundai Motor India has not only announced two new models, but has also outlined significant investments to strengthen its position in the electric vehicle (EV) and SUV (SUV) segments of the Indian market, while aiming to increase car sales. The company has targeted 8 to 10 percent growth in both domestic and export sales for the current financial year. This growth will be achieved by launching new products and expanding the network. Hyundai plans to invest approximately Rs 7,500 crore in the Indian market. Additionally, the company aims to achieve an EBITDA margin of 11 to 14 percent.

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