Mumbai, Aug. 26 -- South Korean automotive major Hyundai Motor Company has announced plans to achieve 5.55 million annual global vehicle sales by 2030, targeting a 6 percent global market share. The OEM intends to increase the share of electrified vehicles in its sales mix to 60 percent by 2030, up from 23 percent in 2025.

Interestingly, the company's ambitious strategy includes launching or refreshing more than 100 models by 2030 across major markets, including 58 in North America, 49 in South Korea, 41 in Europe, 26 in India and 22 in China.

The product offensive features Extended Range Electric Vehicles offering over 600 miles of range, with the Santa Fe EREV set to begin production at Hyundai Motor Manufacturing Alabama in the first...