Hyundai Hopes to Double Sales in China

SighingCashier · 2026-03-26T04:40:07+00:00

South Korea's Hyundai Motor (Hyundai Motor) Chief Executive Officer Jose Munoz stated at a shareholder meeting that China and India will be the two major revenue sources. The medium-term target for the Chinese market is to double annual sales to 500,000 units, and the company plans to launch 20 new vehicles in mainland China over the next 5 years.As for the Indian market, the company will invest $5 billion (approximately 39 billion Hong Kong dollars) over the next 5 years and plans to launch 26 new vehicles. Additionally, the North American market will see 36 new vehicles launched.

SighingCashier

2026-03-26 04:40:07

Hyundai Motor CEO Jose Munoz stated at the shareholders’ meeting that China and India will be the two main sources of revenue. The mid-term goal for the Chinese market is to increase annual sales to 500,000 units, with plans to launch 20 new models in mainland China over the next five years.

For the Indian market, an investment of $5 billion (approximately HKD 3.9 billion) will be made over the next five years, with plans to introduce 26 new models. Additionally, 36 new models will be launched in the North American market.

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