If you’re eyeing a new compact SUV, Hyundai’s upcoming expansion of the Pune plant could mean a richer selection of Venues by 2030. The sprawling 300‑acre site, bought from GM in 2023, is now churning out 1.7 lakh Venues a year. By 2030, the plant will double that to 3.2 lakh units. ₹11,000 crore is already earmarked for upgrades, and the combined Pune‑and‑Chennai capacity will hit 11.4 lakh units a year.
Hyundai’s current standing? Fourth in India’s passenger‑car market, trailing Tata and Mahindra. But the CEO says the focus isn’t on ranking. The aim is to reclaim the No.2 spot by 2028‑29, powered by volume.
Hybrids and electric are on the menu. Hyundai plans to have 50% of its lineup running on sustainable power by 2030, with four EVs in the mix by 2029. Battery packs and power electronics are already localised, and the company is eyeing cell localisation to deepen the domestic EV ecosystem. The localisation target will climb from 83% to 92% in the coming years, with suppliers in Maharashtra expected to step up.
Exports are a big part of the strategy. The automaker now ships 24% of its output abroad and wants to push that to 30%. With over four million vehicles exported from India, Hyundai is the first automaker in the country to hit that milestone.
What does this mean for you? If the Pune plant ramps up as scheduled, you’ll see more Venue variants, a broader range of hybrids and a handful of EVs hitting the showroom shelves before the end of 2027. Keep an eye on the 26 new models slated for launch, and watch how the brand’s pricing and feature set adjust as production scales.