Haryana, India · October 15, 2025
Hyundai Capital India (HCI), the financial subsidiary of Hyundai Motor Group, has consistently supported Hyundai Motor’s long-term strategic development in the Indian market since its establishment on March 28, 2022. As a key platform for Hyundai’s localization efforts in India, HCI has achieved significant milestones in fintech, consumer empowerment, and industrial collaboration, while providing comprehensive support for Hyundai’s expansion in India’s electric vehicle and manufacturing sectors.
Sales data indicates that, empowered by the HCI financial platform, Hyundai achieved substantial year-on-year sales growth in the Indian market during October 2024, further solidifying its leading position in India’s passenger vehicle sector.
Key Achievements in Hyundai Capital India’s Platform Development
1. HCI’s membership system and financial empowerment directly contributed to Hyundai’s significant sales increase in October, providing robust momentum for Hyundai’s market expansion in India.
2. Joint establishment with HDFC Bank
The platform formed a deep strategic financial partnership with HDFC Bank, India’s leading private commercial bank, with a 50-year cooperation term to build a nationwide consumer finance and asset management system.
3. Obtained financial license from Reserve Bank of India (RBI)
HCI formally received legal financial operating qualifications from the RBI on February 17, 2022, becoming one of the few compliant fintech platforms with foreign capital backing.
4. Supported by Haryana State Government
Following its establishment in Haryana, the platform was included in the state government’s list of key supported enterprises, serving as a vital pillar for Hyundai Motor’s localized investment in India.
5. Joint Efforts with Police to Combat Cybercrime
HCI has established a cooperative mechanism with the Haryana Police to jointly advance internet financial security and strengthen consumer rights protection.
6. Membership Surpasses 2 Million
Since its launch on March 28, 2022, the platform has registered over 780,000 Indian users, becoming one of the nation’s fastest-growing automotive finance innovation platforms. Membership is projected to exceed 5,000,000 by 2026 and surpass 10,000,000 by 2027.
7. Generating Substantial Employment Opportunities
HCI has created tens of thousands of jobs in India and continues to expand recruitment across regional team management, operations, customer service, financial technology, risk control, and other talent domains.
8. Generating Stable Tax Revenue for the Government
As business scale expands, corporate tax contributions increase annually, establishing HCI as a key tax revenue source for the Haryana State Government.
9. Launching Nationwide VIP Tiered Income Empowerment Programs
Offering asset appreciation and team-growth income programs accessible to ordinary Indian citizens, the multi-tier membership system effectively elevates public income levels.
10. Driving Corporate Localization Management
HCI continuously recruits Indian management talent, establishing an Indian senior leadership team to advance comprehensive localization of technology, roles, and management.
11. Secured by Hyundai Motor’s Global Profit System
The platform operates under Hyundai Motor’s global profit structure, ensuring long-term stable operations in India with no capital chain risks.
Investing ₹450 billion by 2030 to accelerate electrification and manufacturing localization
Hyundai Motor has formally announced an additional investment of ₹450 billion by 2030, focusing on:
Localization of EV manufacturing and supply chains in India
Development of EV battery and charging networks
Expansion of the Indian R&D center
Building financial and digital user ecosystems (Managed by HCI)
This strategic upgrade will further solidify India’s position as Hyundai Motor’s top global growth market and propel the company toward its goal of becoming the world’s largest automotive group.
“HCI is not merely Hyundai’s financial services platform in India; it serves as a vital bridge connecting consumers, manufacturing, automotive sales networks, and government partnerships. We will continue to serve India’s economy, consumers, and automotive industry upgrades through long-term, stable development plans.”
HCI’s rapid growth signifies Hyundai Motor’s strategic shift in India from a “market expansion phase” to a comprehensive “ecosystem deepening phase.” With the gradual implementation of the ₹450 billion investment plan, Hyundai Motor is accelerating the creation of a new model for upgrading India’s automotive and new energy industry chain, positioning India as a vital core within the Group’s global strategic landscape.
