Hyundai Targets 5.55 Million Sales By 2030, 100+ New Models Planned

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Hyundai expects electrified vehicles to account for 60 per cent of its total sales by the end of the decade

Hyundai has announced a global sales target of 5.55 million vehicles through 2030 and a 6 per cent worldwide market share. The company plans more than 100 new models and major product refreshes across the markets it competes in by the end of the decade while electrified vehicles are expected to account for 60 per cent of its total sales – up from 23 per cent in 2025.

The Korean auto major has also raised its 2030 operating profit margin target to above 9 per cent as it looks to combine volume growth with higher profitability. The product offensive will gather pace over the next eight months as seven new vehicles are scheduled to arrive. The planned launches include the new generation Elantra, Ioniq 3, Tucson and Tucson Hybrid.

It will also bring in the first Santa Fe EREV (Extended Range EV), an A-segment electric SUV for India, a global B-segment SUV and a new B-segment SUV for Europe. The recently unveiled new Tucson and Tucson Hybrid will reach initial markets in the fourth quarter while the Santa Fe EREV will arrive in the first half of next calendar year.

Hyundai expects the range extended SUV to cover more than 965 km on a full charge and tank – leveraging electric propulsion for regular driving with an onboard engine for longer trips. Production will take place at Hyundai’s Alabama facility in the United States. India will be an important part of the expansion as it will receive an all-new electric SUV in the fourth quarter alongside a new ICE midsize SUV.

The electric SUV will be developed and localised for India gaining a next-gen infotainment system and Level 2 assisted driving technology. Hyundai plans to source 90 per cent of its vehicle content locally by 2030 which will be supported by more than 1,400 suppliers and over 900 engineers. Its Indian manufacturing operations currently have annual capacity of 1.1 million vehicles while exports are expected to account for around 30 per cent of production by 2030.

Hyundai also plans to add 320,000 units of manufacturing capacity in India as part of a global expansion to 1.27 million units. The electrification strategy will cover hybrids, EVs and EREVs supported by new battery technology. Hyundai says its in-house battery cells deliver more than twice the output of its previous high-nickel cells while cutting charging time by 40 per cent.

The EVs arriving next year will receive mid-nickel NCM cells which are expected to reduce battery costs by around 30 per cent while retaining the required performance characteristics. The company also plans to improve its cloud-based battery management system to extend battery life by an average of 20 per cent by 2028. A new Thermal Runaway Protection system, created to prevent heat from spreading between battery cells, will debut on the Genesis GV90.

The North America market will receive more than 10 hybrid models by 2030 as it targets 50 per cent hybrid sales. Hyundai plans to raise local parts sourcing in the region from the previously announced 60 per cent target to more than 80 per cent alongside 500,000 units of additional production capacity. The region recorded best-ever 595,457 unit sales during the first half of 2026 while US sales reached 489,656 units.

Europe will receive a fully electrified portfolio covering 85 per cent of the market while Hyundai targets more than 420,000 EV sales in the region by 2030, compared with 116,000 in 2025. Genesis will enter its second decade with its first hybrid, the GV80 Hybrid before the arrival of the GV90 flagship SUV and an EREV SUV targeting more than 1,030 km of range. The luxury brand aims for 350,000 annual sales across more than 40 markets by 2030.

Meanwhile, the performance arm Hyundai N will plot 100,000 annual sales during the same period. The company is also expanding into robotaxis, robotics and autonomous driving. Waymo robotaxi deliveries based on the Ioniq 5 will begin in the fourth quarter of 2026, Level 2+ technology is planned for Hyundai’s first mass-produced software-defined vehicle in 2028, and a 100-megawatt AI data centre capable of housing more than 50,000 GPUs is planned from 2029.

Hyundai generated 95.2 trillion won (Rs. 6,55,928 crore) in revenue in the first half of 2026 – up 2.7 per cent year on year – while its operating profit margin stood at 5.6 per cent. The company has retained its 2026 operating margin guidance of 6.3 to 7.3 per cent but has raised its 2030 target to above 9 per cent.

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