Business
Hyundai Motor India aims for 250,000 annual Creta and Bayon sales by financial year 2027
Originally reported by ET Industry as: Hyundai targets 2.5 lakh annual Creta, Bayon sales as it steps up India SUV push
26 Oct 2026, 11:11 pm IST · Xecute.finance News Desk
The crisp read
Hyundai Motor India plans to launch two mass-market SUVs by FY27, including one electric model, as part of a broader expansion strategy. The company targets annual sales of 250,000 units for the Creta and Bayon by 2027, projecting SUVs to account for 75% of total sales by FY28 from 68-69% currently. Bayon production will take place at the Chennai manufacturing plant under a $15.5 billion Indian investment plan running through 2032.
Why it matters: Key indicator for auto sector analysts tracking electric vehicle rollouts, capital expenditure trends, and manufacturing investments in India.
Deep dive - the full story
Hyundai Motor India outlined plans to introduce two mass-market sport utility vehicles, featuring one electric model, by the financial year 2027. The company projects an annual sales volume of 250,000 units for the Creta and Bayon models combined by the year 2027, driving sports utility vehicles to comprise 75% of its total domestic sales by financial year 2028, up from the current 68% to 69% level.
Manufacturing of the Bayon model will be executed at the company's Chennai facility as a component of Hyundai's broader $15.5 billion investment commitment directed toward India through 2032. This capital deployment aims to capture expanding consumer demand within the domestic utility vehicle and electric vehicle segments.
Hyundai will proceed with plant preparations in Chennai for Bayon production and prepare supply chains for the upcoming mass-market EV launch ahead of the FY27 target date. Industry observers must track upcoming vehicle releases and capital utilization reports to gauge execution progress.
Source: economictimes.indiatimes.com
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