Maruti Suzuki and Hyundai Motor India expect healthy growth in overseas shipments in the current financial year amid a challenging business environment in the domestic market.Hyundai Motor India is looking at single-digit volume growth in its exports in the current financial year, while Maruti Suzuki is bullish to achieve around 20% volume growth in its overseas shipments."We are aiming to become Hyundai's largest export hub outside South Korea. We aspire to continue our growth trajectory in exports in the coming years," Hyundai Motor India Managing Director Unsoo Kim told analysts during a call.Exports have gained strong momentum in recent months, and the automaker aims to sustain this trajectory going forward, he added."For financial year 2026, we anticipate the growth in export volumes to be around 7-8%, supported by robust demand for our products in the emerging markets," Kim stated.Hyundai Motor India exported 1,63,386 vehicles in financial year 2025 as compared with 1.63 lakh units in financial year 2024.Maruti Suzuki India on the other hand aims to sell 4 lakh units in export markets this financial year.New Delhi Aids India Auto's China Outreach Amid Rare-Earth Export Ban"Our target for this year (financial year 2026) is at least 4 lakh units, which implies growth of at least 20% over financial year 2025," Maruti Suzuki Senior Executive Officer (Corporate Affairs) Rahul Bharti said in a recent media call.He said the company's exports are fairly diversified with presence in about 100 countries."Africa, Latin America and Southeast Asia are our big markets. We have entered Japan recently, and it has quickly sprung up to the second top most destination on the back of just two models, the Fronx and the Jimny," Bharti said.And the interesting part is that the EV is yet to come, and that will shore up the numbers further, he stated."We do think that our market share in exports will grow this year. We are already at 43% and the golden mark of 50% is close," Bharti stated.Last financial year, Maruti Suzuki reported record exports of 3.32 lakh units, a growth of 17.5% over financial year 2024. The auto major had exported 2,83,067 units in 2023-24 financial year.The company accounted for nearly 43% of the country's total passenger vehicle exports last financial year.Fronx, Jimny, Baleno, Swift, and Dzire were the highest exported models in 2024-25 while South Africa, Saudi Arabia, Chile, Japan, and Mexico were the top five markets.Commenting on the business outlook for the domestic market, Kim said, "For financial year 2026, our endeavour is to grow broadly in line with the industry, driven by our strong SUV-ization and premiumisation strategy along with focus on rural markets, among others."The demand environment in the domestic market continues to be challenging, but the automaker remains optimistic in its strong fundamentals, he added.Industry body SIAM has projected passenger vehicle sales growth in the domestic market to be in low single-digits in financial year 2026.Last month, Suzuki Motor Corporation noted that the overall passenger vehicle wholesale in the Indian market is expected to grow 1-2% in 2025-26, with Maruti Suzuki looking to outpace industry growth.India Challenges US On Auto Tariffs In Toughening Trade Stance. Read more on Business by NDTV Profit.