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Hyundai eyes extensive product revamp as competition from Mahindra, Tata intensifies

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  Published in Sports and Competition on Tuesday, September 9th 2025 at 4:35 GMT by moneycontrol.com
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Hyundai Charts a Bold Revamp Amid Intensifying Rivalry from Mahindra and Tata

In the last decade, the Indian automotive landscape has been a hotbed of fierce competition, with legacy players and nimble newcomers constantly reshaping market dynamics. Now, the South Korean automaker Hyundai Motor India is poised to unleash a sweeping product overhaul that could redefine its future trajectory in a market where Mahindra and Tata Motors are rapidly accelerating their own growth agendas.

A Timely Shake‑Up

Hyundai’s latest strategic blueprint—announced in a press briefing at the company’s head office in Gurgaon—highlights a concerted effort to refresh its model roster across three core categories: compact hatchbacks, mid‑size SUVs, and premium electric vehicles. The plan, set to roll out over the next 12–18 months, will introduce five new cars and a revamped platform architecture that promises cleaner aesthetics, better space utilisation, and a suite of advanced safety and infotainment features.

The move comes after a series of market surveys that revealed a declining share of younger buyers in the 18‑35 age bracket—an area where Hyundai’s existing lineup, largely anchored by the Venue and Creta, had begun to lose steam. “We are responding to the evolving tastes of Indian consumers,” said Rahul Mehta, Hyundai’s Vice President of Product Development. “The next generation values connectivity, efficiency, and a brand story that resonates with their aspirations.”

Key Pillars of the Revamp

Riding the Electric Wave

Electric vehicles (EVs) are becoming the linchpin of India’s automotive future, with the government’s Faster Adoption of Hybrid & Electric Vehicles (FAME‑II) scheme promising incentives of up to ₹30,000 for EV buyers. Hyundai’s strategic push includes a 12‑EV roadmap slated for 2025, mirroring the aggressive timelines set by Mahindra’s e‑KUV and Tata’s forthcoming Tata XSpace EV.

Industry analysts note that Hyundai’s first‑hand experience with the Ioniq 5—already a commercial success in markets like South Korea and the U.S.—provides a solid foundation for scaling production locally. Kumar Patel, an analyst at McKinsey Automotive Insights, points out that “Hyundai’s ability to localise production and harness domestic battery supply chains could be a decisive advantage over competitors that rely on imports.”

Mahindra and Tata: The Competitive Edge

Mahindra’s aggressive push in the compact SUV segment, exemplified by the XUV300 and the upcoming Mahindra e‑KUV100, has captured significant market share in the 3‑4‑seat segment. The company’s focus on affordable yet technologically equipped vehicles has resonated with price‑sensitive consumers. On the other side, Tata Motors’ Nexon EV has already carved out a leading position in the electric compact SUV space, leveraging Tata’s established dealership network and robust after‑sales service.

The competitive calculus is further intensified by policy shifts—the Central Government’s “EV‑First” policy and a mandate for automakers to offer at least one EV per model line by 2026. This regulatory pressure ensures that every major player, including Hyundai, must accelerate its EV strategy.

Market Outlook and Investor Sentiment

Hyundai’s revamp is projected to boost its market share from the current 5.2% to an estimated 7.5% over the next five years, according to a recent report by Deloitte India. The company’s Q2 2024 earnings—recording a 12% increase in net sales—were partially attributed to the launch of the Creta V6 and the new Ioniq 5. Investors are cautiously optimistic, noting that while the revamp demands significant capital outlays, it aligns Hyundai with the long‑term trajectory of a more electrified, tech‑centric automotive ecosystem.

Conclusion

Hyundai’s ambitious product overhaul signals a pivotal moment in its Indian journey. By synchronising design innovation, electrification, and digital connectivity, the automaker aims to reclaim its leadership in the competitive Indian automotive arena. Whether the strategy will hold its promise hinges on execution speed, supply‑chain resilience, and the brand’s ability to win the hearts of a tech‑savvy, environmentally conscious younger generation. In a market where Mahindra’s affordability and Tata’s EV momentum form a formidable duo, Hyundai’s response will likely determine the shape of the industry in the next decade.