Mumbai/New Delhi, Oct. 15 -- Hyundai Motor India Ltd will invest Rs.45,000 crore in India and roll out a bunch of cars and SUVs over the next five years, as the company seeks to arrest the slide in its market share. However, the Korean carmaker has its sights firmly set on profitability in India, global president and chief executive officer Jose Muñoz said, on a day its operations chief Tarun Garg was elevated managing director and chief executive of the Indian business.

Hyundai, which has reigned as India's second-largest carmaker for over 25 years, has seen its market share slip in the last year, with local rivals Mahindra and Mahindra and Tata Motors breathing down its neck. However, the president emphasized that Hyundai will not...