Hyundai Unveils Its Electric Vehicle Plan For India

Hyundai Motor India has sounded the bugle on its electric vehicle strategy for India and the company will bring in six electric vehicles to the market by 2028. These will be either SUVs, CUVs or sedans. The idea is to have a staggered launch approach, but all these cars will be built or assembled locally. All these cars will be made specifically for the Indian market, and so could be derivatives of global products. The total investment towards the R&D and rollout of these cars will be around Rs. 4000 crore. The new electric vehicles are likely to adopt a localised version of the electric global modular platform. The skateboard design is a modular format that was unveiled globally in 2020. There is also a possibility of existing vehicle platforms being modified for EV application. Hyundai says it expects to see a 50 per cent split between the two strategies. The cars that will come will aim to be affordable and offer a minimum of 350 kms of driving range. The first new EV under this plan will roll out in 2022.