{
  "id": 14518903,
  "title": "Hyundai bets on expansion to climb leadership board",
  "url": "https://urgent.news/2026/10/14/hyundai-bets-on-expansion-to-climb-leadership-board",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-14T18:50:51.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/auto/auto-news/hyundai-bets-on-expansion-hopes-to-return-to-no-2-position-in-pv-sales-by-2028-29-says-ceo-jose-munoz/articleshow/134949878.cms"
  },
  "original_language": "en",
  "account": "Hyundai Motor India (HMI) aims to reclaim its second place in the Indian passenger vehicle market by 2028-29, according to Jose Munoz, the company's president and CEO. HMI plans to expand its newly opened Talegaon plant in Pune to a production capacity of 320,000 vehicles a year, which will provide the necessary production headroom to regain market share. Munoz emphasized that the key drivers for achieving this goal are good products and high-quality vehicles. The Indian market, being the world's second-largest for Hyundai, is crucial for the company's growth. Despite losing its long-standing second position in 2025, Hyundai's market share in the retail segment has decreased to 12.29% in FY26 from 13.48% in FY25, and further to 11.75% at the end of September 2026. However, with its automated Pune plant, capable of producing hybrid vehicles, Hyundai India aims to bolster its manufacturing capacity to nearly 1.14 million units annually by 2030.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}