Hyundai Capital Enters India’s Rapidly Growing Automotive Market with New Financial Services Entity

SEOUL, South Korea, Aug. 31, 2026 — Hyundai Capital Services has officially signaled its entry into one of the world’s most dynamic automotive landscapes, announcing the commencement of financial operations in India. As the company’s 14th global financial entity, Hyundai Capital India (HCIN) will operate as an independent, fully owned subsidiary, marking a major milestone in the firm’s international expansion strategy.

The move comes after the company secured a Non-banking Financial Company (NBFC) license from the Reserve Bank of India (RBI) earlier this March, providing the regulatory green light to begin deploying financial services.

A Strategic Pivot to Support Global Growth

The establishment of HCIN marks a significant transition for the brand, moving from a consulting-focused model to a full-fledged financial entity. This expansion is timed to align with India’s rise as the world’s third-largest automotive market, fueled by a population of over 1.4 billion and a robustly expanding economy.

Hyundai Motor Group has been aggressively scaling its local production capacity and diversifying its electric vehicle (EV) lineup in the region. By launching financial services in the country, Hyundai Capital aims to provide the critical infrastructure needed to support the Group’s ambitious sales goals.

Phased Operational Rollout

Hyundai Capital has adopted a methodical, phased approach to its Indian operations. Recognizing the country’s vast geographic scale and diverse regional financial ecosystems, the company is starting with a focus on wholesale financing for local automotive dealers.

“Building on the expertise we have developed in Korea and across key global markets, we plan to introduce a range of financing solutions that support the Group’s sales in India,” said Hyung-Jin David Chung, CEO of Hyundai Capital Services. “With a disciplined strategy designed for the Indian market, we will work to achieve both sustainable growth and operational stability as we build our business in the country.”

In addition to expanding its dealer financing network, the company is prioritizing the development of a robust sales infrastructure and advanced risk management systems. These efforts are designed to lay a solid foundation for the future launch of retail financing, which will offer tailored credit solutions to individual Indian consumers.

Broadening a Global Footprint

The addition of the Indian entity brings Hyundai Capital’s global network to 19 operational entities across 14 countries, including major markets such as the United States, Germany, the United Kingdom, Canada, and Australia.

By leveraging its accumulated global experience, Hyundai Capital intends to apply a localized strategy that honors the specific needs of the Indian consumer while maintaining the operational rigor that has defined the company’s success elsewhere in the world. As the Indian automotive market continues to mature, Hyundai Capital’s presence is expected to be a pivotal driver in accelerating vehicle adoption and supporting the Group’s long-term competitive edge in the region.