Hyundai dealer bets on India's next generation of car buyers

What happened: Hyundai opened a plant in Pune, India, with an initial annual capacity of 170,000 vehicles, as its dealer Kundan Hyundai expects the added capacity to support SUV and EV sales. Key numbers: Initial capacity 170,000 vehicles a year, rising to 250,000 within two years and 320,000 by 2030. Why it matters: Hyundai has slipped to fourth place in India's passenger vehicle market behind Tata Motors and Mahindra & Mahindra, and the dealer believes a stronger SUV and EV lineup backed by local production could help Hyundai regain ground.

Hyundai opened a plant in Pune, India, with an initial annual capacity of 170,000 vehicles, as its dealer Kundan Hyundai expects the added capacity to support SUV and EV sales.

Hyundai has slipped to fourth place in India's passenger vehicle market behind Tata Motors and Mahindra & Mahindra, and the dealer believes a stronger SUV and EV lineup backed by local production could help Hyundai regain ground.