Hyundai Motor India Eyes EU Exports Amid Compact SUV Tax Boost

Key Highlights

• EU Export Evaluation: Company assessing feasibility of shipping vehicles to EU, targeting sophisticated markets with strict standards for growth beyond current destinations.
• Strategic Diversification: Move aligns with industry trends, leveraging India manufacturing for premium segments and international diversification.
• Tax Cuts Impact: Maximum benefits felt in compact SUVs and cars, enhancing affordability and boosting volumes in under ₹10 lakh segment.
• ​Segment Boost: Compact SUVs see steepest gains from 11-13% reductions under GST reforms, potentially hitting 100,000 units/month.
• Market Context: Amid rising commodity costs, policy tailwinds support SUV dominance (71% of Hyundai sales), positioning for 25% C-SUV growth.
• Global Ambitions: Builds on 21.5% export rise, targeting 30% production for exports by 2030 with India as hub.

These developments signal Hyundai's proactive strategy, balancing export opportunities with domestic policy wins for sustained momentum.

Sources: ScanX Trade, Economic Times Auto