Our Bureau
New Delhi
The Indian domestic market is facing some serious challenging business conditions in recent times. But in the midst of these difficult conditions Maruti Suzuki and Hyundai Motor India are expecting healthy growth in their exports in this financial year.
It is being reported that Maruti Suzuki is expecting a very healthy growth in its exports. It is said that the company is set to achieve about 20 percent volume growth in its overseas shipments. The company aims to sell somewhere around 4 lakh units in export markets this year. On the other side, Hyundai, though comparatively less than Maruti Suzuki, will definitely be looking at a good growth in the sector.
Hyundai Motor India’s Managing Director Unsoo Kim was talking to an analyst where he talked about the company’s future aims and ambitions. Kim also talked about business outlook for the domestic market for the company and explained that they are looking at growth due to their “SUZization” and “Premiumisation” strategies in the market.
Unsoo Kim said, “We are aiming to become Hyundai’s largest export hub outside South Korea. We aspire to continue our growth trajectory in exports in the coming years. For FY26, we anticipate the growth in export volumes to be around 7-8 per cent, supported by robust demand for our products in the emerging markets. For financial year FY26, our endeavour is to grow broadly in line with the industry, driven by our strong SUVization and premiumisation strategy along with focus on rural markets, among others.”
Hyundai Motors India had seen minimal growth in their markets last year as well. Hyundai Motor India exported around 1.6 lakh vehicles in FY25 which was similar to the number they achieved in FY24.
Whereas Maruti Suzuki saw a healthy growth of 17.5 percent in their export sales of 3.3 lakh units last year setting a record. The previous year they had reported sales of around 2.8 lakh units in the 2023-24 fiscal year.
