Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Hyundai plans to invest in launch electric vehicles in India by 2028, making a clean energy drive in a country with some of the most polluted cities in the world
The South Korean auto major will also introduce a brand new 'Grand i10' and is also planning to start producing its SUV 'Venue'.
South Korean auto major Hyundai could bring in a smaller electric SUV to India after assessing the response for its biggerKona electric SUV which it plans to introduce in the country next year, a top company official said. The company, which operates in the country through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), would launch its first electric model Kona in the second half of the next year. "We are planning to unveil Kona electric SUV in the second half of next year on completely-knocked down basis (CKD). Our electric vehicle strategy is top to down," HMIL Managing Director & CEO YK Koo told PTI here. With Kona, the company is going to test the market for electric vehicles (EV) in India, he added. "It (Kona) is not going to be volume product for us. After then we can review which other EV product can suit the Indian market," Koo said. When asked if the second EV product could be a sedan or a SUV, Koo said:"We will review both sedan and SUV (body styles) but I .
Move part of a strategic shift involving greater focus on electric vehicles
Carmaker to showcase an electric SUV at 2018 Auto Expo