Hyundai Motor India Targets 7–8% Growth in Exports for FY 2025-26, Eyes Role as Brand's Largest Export Hub Outside Korea
New Delhi: Hyundai Motor India Limited (HMIL) is eyeing a 7–8% growth in export volumes for the financial year 2025–26, as it marks 25 years of vehicle exports from India. The company has set its sights on becoming Hyundai's largest export hub outside of South Korea.
Having begun its export operations in 1999 from Chennai Port, HMIL has shipped more than 3.7 million India-made vehicles globally, maintaining its position as the country's largest cumulative exporter of passenger vehicles. In FY 2024–25 alone, Hyundai exported 1,63,386 units, with Saudi Arabia, South Africa, Mexico, Chile, and Peru ranking among its top international markets.
The automaker currently exports to over 60 countries and has a lineup of nine tailor-made products for overseas markets, including models like the Hyundai CRETA, CRETA Electric, ALCAZAR, EXTER, VENUE, AURA, VERNA, Grand i10 NIOS, and i20. HMIL recently commenced exports of the CRETA Electric to select neighbouring countries.
'In 2024-25, HMIL reached a significant milestone by completing 25 years of exports from India,' said Unsoo Kim, Managing Director, Hyundai Motor India Limited. 'As we aim to become Hyundai's largest export hub outside South Korea, we expect strong momentum to continue, with export volumes projected to grow by 7–8% in FY26.'
Chennai Port has played a critical role in HMIL's export success. Shri S. Kirupanandasamy, Traffic Manager at Chennai Port Authority, noted the port's long-standing partnership with Hyundai. 'As the largest automobile export port in the Bay of Bengal, Chennai Port has served as a vital gateway for Hyundai's global shipments since 1999. Our dedicated facilities, including a holding yard for over 4,000 vehicles, support seamless export operations.'
The company has achieved several export milestones faster than any other OEM in India – reaching 1 million units by 2010, 2 million by 2014, and 3 million by 2020.
With a global strategy aligned to its 'Progress for Humanity' vision, Hyundai Motor India remains committed to expanding its footprint in emerging markets and reinforcing India's role as a major global automotive manufacturing base.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
India trusted development partner for Central Asia: Jaishankar
India values Central Asia's support following the Pahalgam terror incident. External Affairs Minister S Jaishankar highlights strong ties and India's role as a trusted development partner. Cooperation is expanding in connectivity, trade, tourism, and education. Direct flights and enhanced connectivity boost tourist flow and business. The India-Central Asia Dialogue strengthens regional cooperation in various sectors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India on Friday appreciated the Central Asian states for standing by it following the Pahalgam terror attack and reaffirmed that it would be a "trusted development partner" for Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and his opening remarks at the India-Central Asia Dialogue, External Affairs Minister S Jaishankar said India is keen to expand cooperation with the five countries in a range of areas, including connectivity, trade, tourism and education."I appreciate that your countries stood by India and condemned the heinous terrorist attack that took place in April in Pahalgam," he said India "deeply cherishes" its millennia-old civilisational and cultural ties with Central external affairs minister said the cooperation between India and Central Asia received a "quantum boost" following Prime Minister Narendra Modi's back-to-back visits to all five countries in the region in July 2015."India remains a trusted development partner for all of you," he said, adding that the two-way trade, economic and investment ties have strengthened significantly over the last decade."Today, we are well-connected by multiple direct flights. Our enhanced connectivity facilitates greater two-way tourist flows and businesses," he said both India and the Central Asian nations are committed to advancing mutually beneficial cooperation in areas of trade and investment, defence, regional connectivity, security and new and emerging India-Central Asia Dialogue, launched in January 2019 in Samarkand, is a meeting of foreign ministers. It serves as a key platform for strengthening ties between India and Central second meeting took place virtually in October 2020 and focussed on regional security, counter-terrorism, and infrastructure third meeting was held in New Delhi in December 2021 and emphasised connectivity to further deepen the ties between India and Central Asia.
Time of India
an hour ago
- Time of India
Batteries, EVs under threat? India fires on all cylinders for rare earths amid China's tightening grip
As China tightens its stranglehold on the global supply of rare earth elements , India is shifting gears — fast. From forging new partnerships in Central Asia to finalising an ambitious incentive scheme for mineral recycling , India is pushing ahead to secure its place in the global race for critical minerals . At the recently held India-Central Asia Dialogue in New Delhi, India and five Central Asian nations expressed mutual interest in jointly exploring rare earths and other critical minerals. In a joint statement, they called for an early meeting of the India-Central Asia Rare Earth Forum, signalling growing geopolitical urgency to diversify away from China's near-monopoly. China's chokehold spurs urgency The backdrop to these moves is no coincidence. Over the past year, China has weaponised its control over rare earths, placing several critical minerals and magnets under strict export licence regimes. These are the very components vital for electric vehicles , wind turbines, semiconductors, and even military-grade systems. Beijing's message is clear: if the West can play export control hardball, China has its own scalpel and it's now using it with surgical precision. While the US, Europe, and Japan scramble to find alternative supply lines, India sees an opening — and it's moving to capitalise. From mission to momentum Under the Rs 34,300 crore National Critical Mineral Mission (NCMM), India aims to become self-reliant in sourcing and processing critical minerals like lithium, cobalt, nickel, and rare earth elements. Joint Secretary in the Mines Ministry, Dinesh Mahur, announced that an incentive scheme for recycling these minerals is in its final stages. The Union Budget has already earmarked Rs 1,500 crore specifically for this effort. Public Sector Enterprises are expected to contribute Rs 18,000 crore to the mission. With a sharp focus on domestic exploration, overseas block acquisition, and technological R&D, the NCMM is India's boldest bet yet to insulate its industries from global supply shocks. Auto industry feels the heat The urgency is not just strategic — it's also economic. Rare earth shortages are already casting a shadow over India's auto sector, especially electric vehicles (EVs), which depend on permanent magnets for motors. Bajaj Auto has warned that its e-scooter production could be impacted from July if Chinese export delays continue. TVS Motor has echoed similar concerns. According to the Federation of Automobile Dealers Associations (FADA), only a third of its members expect sales growth in June. The rare earth crunch, combined with high inventories and tight financing, has pushed automakers to brace for a cautious month — especially as the EV rollout faces headwinds. China's long game, India's fast track What China is doing today has been decades in the making. The world first saw signs of Beijing's ambitions in 2010 when it temporarily banned rare earth exports to Japan over a territorial spat. By 2020, China had passed its own Export Control Law, giving it sweeping powers to curb exports of materials deemed vital to national security. The law was broad enough to include critical minerals, tech, and even data. Now, with the US-China trade war escalating, rare earths have become Beijing's leverage. Export licenses have slowed, production lines in Europe have paused, and Washington is on edge. China's near-monopoly on processing and refining rare earths — not just mining them — means that even if other countries dig up the ores, they'll still need China to process them. Which is why India's current push isn't just policy — it's necessity. The Road Ahead While China refines 90% of the world's rare earths, India is still building capacity. But the groundwork is being laid — with diplomatic ties, budgetary commitments, and strategic focus. The success of the NCMM could determine whether India emerges as a resilient alternative or remains vulnerable to future supply shocks. With global demand for EVs, semiconductors, and green energy tech rising, the stakes couldn't be higher. In this global battle for minerals that power the future, India is no longer on the sidelines. It's suiting up — and firing on all cylinders.
News18
2 hours ago
- News18
AI Will Disrupt Routine Jobs, But Also Create Opportunities: IIM Raipur Director
Last Updated: AI will disrupt routine jobs but open up new opportunities, says IIM Raipur Director Prof. Ram Kumar Kakani in a conversation with As management education evolves to meet emerging global challenges, institutions like IIM Raipur are reimagining their programmes, deepening industry collaborations, and placing greater emphasis on hands-on learning. Speaking to Professor Ram Kumar Kakani, Director of IIM Raipur, said, 'The value of an MBA, especially from a premier institution, is far from diminishing. Over the next 20–30 years, demand for MBAs will continue to rise, particularly as regions like Europe and Japan face managerial talent shortages." In this exclusive interview, he shares the institute's vision, academic roadmap, and efforts to prepare future leaders for a complex world. Q1. What is your vision for IIM Raipur over the next five years? Over the next five years, IIM Raipur envisions becoming a global hub of management education and research by investing ₹250 crore to enhance its academic, residential, and IT infrastructure to accommodate 1,200 students. The institute aims to launch dual-degree MIM programmes in collaboration with leading institutions in the USA, UK, Germany, and France, and make its Case House (CHIRP) the largest multilingual case repository in India by 2030. Additionally, it plans to establish five Centres of Excellence in areas such as digital transformation, entrepreneurship, sustainability, and inclusive growth. A practice-oriented journal inspired by California Management Review is planned by 2028, along with efforts to double research output and enhance international reputation through high-impact publications and global collaborations. IIM Raipur also aims to secure prestigious accreditations such as AACSB and EQUIS while transforming into a sustainable, carbon-neutral campus by 2030. Q2. How is IIM Raipur evolving its curriculum to stay relevant in a world increasingly shaped by artificial intelligence, sustainability imperatives, and shifting geopolitical dynamics? IIM Raipur is continuously evolving its curriculum. The institute has introduced new courses in emerging areas such as blockchain, generative AI, design thinking, and data science, aligning with the technological transformations in the global economy. Through experiential learning approaches, including real-world projects, case studies, and interactive teaching methods, IIM Raipur fosters critical thinking and application-based learning. The curriculum modernisation also reflects the spirit of the National Education Policy (NEP) 2020, with initiatives such as a flexible PhD structure, interdisciplinary offerings, and programmes promoting Indian ethos through translated India-focused case studies. This forward-looking curriculum design is complemented by initiatives like 'Lounge Intellect' (LIT), a forum for teaching innovations, and a strong focus on holistic development with ethics, leadership, and societal impact at its core. The institute's pedagogy emphasises leadership, ethics, and problem-solving through a mix of academic rigour and real-world application. Programmes like the 'Emerging Managers Bootcamp" and the 'Citizenship Index" instil ethical behaviour, social responsibility, and a sense of ownership among students. These initiatives, combined with live projects, simulations, and student-led clubs, ensure that graduates are not only industry-ready but also capable of leading responsibly in a complex and dynamic world. Q3. What kind of industry collaborations or MoUs is the institute pursuing to enhance practical exposure and employability for students? IIM Raipur is actively pursuing a range of industry collaborations and Memorandums of Understanding (MoUs) to enhance practical exposure and boost the employability of its students. In 2024, IIM Raipur and the University of Wolverhampton, UK, signed an MoU to strengthen educational collaboration. Additionally, IIM Raipur partners with Birmingham City University to advance academic and research excellence. Beyond formal MoUs, the institute maintains a strong industry interface through live consulting projects, regular corporate talks, industry-focused summits, and expert guest lectures, all of which connect students directly with real-time business challenges. Furthermore, partnerships with government bodies like SIDBI and the Ministry of MSME support entrepreneurship training and venture incubation, helping students gain hands-on experience in starting and scaling businesses. These diverse and evolving collaborations ensure that IIM Raipur students graduate with not only theoretical knowledge but also practical insights and industry-ready skills. Q4. Following the success of the new MBA in Public Policy and Governance, can we expect similar programmes in areas like healthcare, infrastructure, or climate governance? IIM Raipur is actively fostering industry collaborations to enhance student employability and practical exposure. It has partnered with HPCL to launch an Executive MBA in Energy Management and collaborates with the Digital Health Academy to offer a range of online and hybrid courses, such as the Certified Digital Health Professional programme and postgraduate certificates in digital health. Additionally, students benefit from live industry projects, corporate talks, industry summits, and entrepreneurship training programmes conducted in association with SIDBI and the Ministry of MSME, creating a strong industry-academia interface. Q5. What was the core vision behind launching the fully-funded MBA in Public Policy and Governance under the Chief Minister's Good Governance Fellowship? The core vision behind the Public Policy MBA was to build executive leadership capacity within government systems, support governance reforms, and align with national development goals such as Viksit Bharat and Viksit Chhattisgarh. Following the successful launch of the fully-funded MBA in Public Policy and Governance under the Chief Minister's Good Governance Fellowship, IIM Raipur is planning to expand into other emerging domains. Proposed future offerings include programmes in healthcare, environment, sustainability, and data science. These new programmes are designed to blend public policy with liberal arts and communication, promoting holistic and multidisciplinary education. advetisement ALSO READ: 'Global, Yet Affordable': Australia's WACE Curriculum Coming To 100 Indian Schools | Interview Q6. How closely will students enrolled in the public policy programme engage with government departments? Are there plans for hands-on fieldwork, policy labs, or real-time governance projects? Students enrolled in the public policy programme will engage closely with government departments, district administrations, and district collectors/magistrates through hands-on fieldwork, real-time governance projects, and policy labs. The programme is designed to provide immersive exposure to administrative challenges, allowing students to contribute meaningfully to public policy formulation and implementation. Q7. There's growing chatter online that traditional MBAs may be losing value. How do you respond to that perception? Is the MBA still a strong investment? The value of an MBA, especially from a premier management institution is far from diminishing. For the next 20–30 years, I believe the demand for MBAs will continue to grow, particularly as global markets, including Europe and Japan, face managerial talent shortages due to demographic shifts. An MBA equips individuals with timeless, core capabilities. It's not just about textbook knowledge—although that's important—but about structured problem-solving, clarity of thought, and collaborative leadership. One of the most significant takeaways from an MBA is exposure to a diverse peer group that challenges your thinking and broadens your worldview—something no online course or isolated learning experience can fully replicate. advetisement While pedagogy and tools will evolve with technology, the foundational skills of leadership, decision-making, and team dynamics will remain highly relevant. In fact, with globalisation and cross-border collaboration becoming the norm, the MBA continues to be a powerful investment in long-term career growth, both in India and internationally. top videos View All Q8. With AI rapidly advancing, do you believe it will significantly displace jobs? Which sectors or roles are likely to be most affected, and how should management graduates prepare for this shift? Recognising the disruptive potential of artificial intelligence, IIM Raipur acknowledges that routine jobs across sectors such as customer service, logistics, and manufacturing will likely be most affected. However, AI also presents significant opportunities. To equip students, the institute has been offering a dedicated course on AI for several years and is now expanding this with comprehensive workshops. Additionally, to prevent copying from AI tools, we have made it mandatory for all assignments to go through Turnitin (a similarity detection software) that can easily detect the use of AI-generated content. IIM Raipur is also developing an AI policy to guide responsible use, fostering independent thinking and ethical application of generative AI tools in education. The focus remains on building adaptability, critical thinking, and domain-AI integration skills to help management graduates thrive in an AI-driven economy. About the Author Archit Gupta Stay updated with the latest education! Get real-time updates on board exam results 2025, entrance exams such as JEE Mains, Advanced, NEET, and more. Find out top schools, colleges, courses and more. Also Download the News18 App to stay updated! tags : Education News IIM IIM Raipur MBA Location : New Delhi, India, India First Published: June 06, 2025, 20:10 IST News education-career AI Will Disrupt Routine Jobs, But Also Create Opportunities: IIM Raipur Director | Interview
