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Hyundai and Kia Fast-Track CNG SUV Push in India to Reclaim Market Share
M
Moneycontrol•19-10-2026, 12:13
Hyundai and Kia Fast-Track CNG SUV Push in India to Reclaim Market Share
- •Hyundai Motor Group is accelerating plans to introduce factory-fitted CNG options across its compact and mid-size SUV segments in India.
- •Popular models like the Hyundai Venue and Kia Sonet are being evaluated for CNG variants by fiscal year 2028, while the upcoming Bayon may also feature CNG.
- •The strategic shift comes as the group's combined domestic market share slipped to 17.97 percent in the first half of fiscal year 2027.
- •While overall passenger vehicle sales grew, Hyundai and Kia lagged behind the broader industry growth rate, prompting a push into the surging CNG market.
Key Questions Answered
Hyundai Motor Group is evaluating factory-fitted CNG options for the Hyundai Venue and Kia Sonet compact SUVs, with availability anticipated by FY28, alongside plans for the upcoming Hyundai Bayon mid-size SUV to feature CNG.
According to SIAM data, the combined domestic market share of Hyundai and Kia declined to 17.97% in April-September FY27, down from 19.60% during the same period in the previous year.
Hyundai Motor Group announced a $15.5 billion investment in India spanning from 2026 to 2032 to expand manufacturing capacity, research and development, local supplier development, and future mobility technologies.
