Loading article...
Hyundai Motor India Ltd Managing Director and Chief Executive Officer Tarun Garg said the company has fully met CAFE requirements for FY26 and remains confident of meeting the compliance for CAFE 3. The company's confidence comes from a portfolio that spans multiple body styles and powertrains, including hatchbacks, sedans, SUVs, and electric models.
Hyundai has also been seeing stronger contribution from alternative fuel options, with its highest-ever quarterly CNG contribution of 18% in Q4 FY26.
For FY27, Hyundai Motor India is targeting 8-10% domestic volume growth, driven by product actions and network expansion, and 8-10% export volume growth, supported by market diversification and product-led opportunities. The company has lined up two completely new nameplates in FY27, both in the SUV category, including a localised dedicated EV in the compact SUV space.
The company expects the momentum to continue, backed by new launches in high-demand segments, and plans to regain the number two position in India's passenger vehicle market. The latest CAFE 3 draft has proposed softer emission limits, and the government has indicated that there will be no extension to the deadline. The CAFE 3 window runs from April 1, 2027, to March 31, 2032.
The court will resume hearing on the CAFE 3 norms, and the Ministry of Heavy Industries will continue to consult manufacturers through the drafting process. Hyundai will continue to monitor the regulatory environment and adjust its strategy accordingly.