Hyundai to Launch Two New SUVs in India Including Compact Electric Model in FY26

Hyundai Motor India Limited (HMIL) has announced plans to launch two new SUVs in India during the financial year 2025-26. The company aims to strengthen its position in the mid-size SUV segment and enter the compact electric SUV market. This move is part of Hyundai's broader strategy to offer more choices to customers and address diverse needs and budgets.

Key Highlights

• Hyundai to launch two new SUVs in India during FY2025-26
• One model will be a compact electric SUV with high localization
• The second SUV will be a premium mid-size model based on the K3 platform
• Hyundai reports highest-ever quarterly domestic sales in Q4 FY26
• India to serve as a global manufacturing hub for Hyundai's new electric SUV

Financial Performance and Expansion

Hyundai reported its highest-ever quarterly domestic sales in Q4 FY26, with wholesale volumes increasing by 8.7% year-on-year. The company achieved record rural penetration at 25% in Q4 FY26, reflecting deeper reach into non-urban markets. Hyundai's market share stood at 18%, supported by growing demand for CNG vehicles and entry into the commercial mobility sector.

On the export front, Hyundai recorded a 9.4% year-on-year growth in Q4 FY26. Full-year exports rose by 16.4% compared to the previous year, highlighting India's role as a key export hub. The company also began operations at its Pune plant in FY26, which will support future growth plans. The Board of Directors recommended a dividend of Rs 21 per share, representing 210% of the face value, pending shareholder approval.

Upcoming SUV Launches

Hyundai will introduce two new SUV nameplates in India this financial year. One model will target the mid-size SUV segment, while the other will be a compact electric SUV with high localization. The compact electric SUV, internally codenamed ‘HE1i’, is positioned in the sub-4 metre segment and will compete directly with other compact EVs in the market. The battery packs for this model will be sourced locally from Exide, aiming for a competitive price point. Manufacturing will take place at Hyundai’s Sriperumbudur plant in Tamil Nadu.

The second SUV is expected to be a more premium offering based on Hyundai-Kia’s new-generation K3 platform. This model will likely be larger and more refined than the current Creta, featuring advanced safety, technology, and next-generation ADAS features. Engine options are expected to include current petrol and diesel powertrains, with a strong hybrid option likely to be added. Hyundai is expected to continue selling the current Creta while introducing the new premium SUV under a different nameplate.

Electric SUV Details

The new electric SUV will offer both standard and long-range versions. Similar to the Inster EV sold overseas, battery pack options may include 42 kWh and 49 kWh, with ranges of 300 km and 355 km respectively under WLTP standards. The vehicle will be manufactured for both domestic sales and global exports, establishing India as a key production hub for Hyundai’s electric vehicles.