From mint · Ayaan Kartik · · 1m 50s
Global auto once fled India; but some MNCs are now changing the script
Stellantis, Hyundai and Suzuki commit billions to India as domestic rivals gain market share.
In brief
Stellantis, Hyundai and Suzuki commit billions to India as domestic rivals gain market share. Stellantis, Hyundai and Suzuki are investing billions in India to counter domestic rivals' market share gains. Originally reported by mint.
Global auto once fled India
Global automakers previously withdrew from India but now reverse their stance with major investments.
Stellantis commits ₹4,000 crore
Stellantis NV announced an additional ₹ 4,000 crore investment over three years to expand in India.
Hyundai pledges ₹1.48 trillion
Hyundai Motor Group committed about ₹ 1.48 trillion to India over five to seven years for manufacturing and R&D.
Suzuki plans ₹77,500 crore
Suzuki Motor Corp outlined a ₹ 77,500 crore investment plan in August for expanded production and R&D.
Market share shifts
Hyundai, Honda and Renault lost market share to Tata Motors and Mahindra & Mahindra over five years.
Tata Motors gains share
Tata Motors increased its passenger vehicle market share from 7.87% to 13.04% over five years.
Mahindra & Mahindra gains share
Mahindra & Mahindra rose from 5.35% to 13.42% in passenger vehicle market share over five years.
Stellantis' product plan
Stellantis plans seven new nameplates and five refreshed models by 2029 with first product in Q2 2027.
Hyundai's 26 product offensive
Hyundai outlined a 26 product offensive through 2030 to expand in India's market.
Suzuki's 7 SUVs by 2031
Maruti Suzuki plans seven new SUVs by 2031 to increase production capacity to 4 million vehicles.
India's market growth
India's passenger vehicle sales reached 4.64 million units in FY26, up 7.9% from previous year.
Market momentum continues
Passenger vehicle sales grew 28% to 2.63 million units between April and September in FY27.
The key point
Stellantis, Hyundai and Suzuki are investing billions in India to counter domestic rivals' market share gains.
