Hyundai India plans on investing Rs 4,000 crore for the development of its EV portfolio. Hyundai will launch a total of six new EVs in the span of seven years in the Indian market.
Hyundai India has announced its electrification road map. The brand will launch six new BEVs (Battery Electric Vehicles) by the year 2028. Hyundai India has confirmed that the vehicles will be based on its E-GMP (Electric Global Modular Platform), and some EVs shall be based on the Indianised version of the same. The EVs will be positioned in the mass market, as well as, the premium segment. Tarun Garg, director of Sales, Marketing and Service at Hyundai India, confirmed that the EV range will span across different body styles, such as sedans, CUVs (compact utility vehicles), and SUVs.
So far, there is very little clarity on which electric cars Hyundai has in store for us; however, the Ioniq 5 and the Kona facelift are likely to be the first two out of the upcoming six.
The Hyundai Ioniq 5, which is an all-electric crossover, is expected to be launched in the Q2 of 2022. The Hyundai Ioniq 5 is based on the E-GMP, which also underpins the Kia EV6, and it is safe to assume that Kia’s version of the EV will make its debut by the end of the next year as well.
The launch of the Hyundai Kona facelift is likely to follow soon. “In 2019, we launched the Kona and made some good experiments and got very good customer feedback, so we are ready and all charged up,” Tarun Garg added.
Some of the EVs will be based on the same platform as the IC engine cars, i.e, a specific model will be sold with an electric drivetrain alongside the petrol/diesel-powered engine. This strategy has been utilised by other manufacturers, such as Tata and MG with their Nexon and Tigor, and ZS EV, respectively, which have a fossil fuel-powered counterpart on sale. For the development of the upcoming EVs, Hyundai India plans on investing Rs 4,000 Crore
Hyundai India will also work towards the development of electric vehicle infrastructure, with strategic collaborations, to encourage EV adoption.
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