Hyundai, Maruti Suzuki Expect Robust Growth In Export Volumes

New Delhi: Maruti Suzuki and Hyundai Motor India expect healthy growth in overseas shipments in the current fiscal year amid challenging business environment in the domestic market.

Hyundai Motor India is looking at single-digit volume growth in its exports in the current fiscal year, while Maruti Suzuki is bullish to achieve around 20 per cent volume growth in its overseas shipments. "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," Hyundai Motor India Managing Director Unsoo Kim told analysts during a call.

Exports have gained strong momentum in recent months, and the automaker aims to sustain this trajectory going forward, he added. "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," Kim stated. Hyundai Motor India exported 1,63,386 vehicles in FY25 as compared with 1,63,155 units in FY24. Maruti Suzuki India on the other hand aims to sell 4 lakh units in export markets this fiscal year. "Our target for this year (FY26) is at least four lakh units, which implies growth of at least 20 per cent over FY25," MSI Senior Executive Officer (Corporate Affairs) Rahul Bharti said in a recent media call. He said the company's exports are fairly diversified with presence in about 100 countries.