Korean car manufacturer Hyundai will be launching hybrid and mild hybrid technology cars in India between 2018 to 2019.
Hyundai Motor India will become the third car manufacturer in India to introduce hybrid and mild hybrid technology. Hyundai plans to debut its hybrid brand Ioniq at the 2018 Auto Expo in Delhi and will launch the hybrid and mild hybrid cars in 2019.
Managing Director and CEO, Hyundai, Young Key Koo said, "We have plans to showcase our new Ioniq range of hybrid, plug-in and all electric vehicles to test the Indian market."
He added, "It will give Indian customers a peek into our technology prowess, as well as prepare us for future alternative technologies."
Koo also stated that Hyundai is working on mild hybrid technology based on the current models such as Elantra and other small cars to benefit from special tax concession scheme in India.
The mild hybrid technology is already been used in the Maruti Suzuki Ciaz which if offered in both petrol and diesel variants. The mild hybrid will increase the mileage of the vehicle because of more than one source of energy powering the vehicle.
Hyundai has been negotiating with the Indian government on providing strong incentives to hybrid technology in the country to make hybrid cars affordable to the masses.
Koo further said, "India is an evolving market where customers are choosing new and expensive vehicles that is rendering a huge opportunity to enter new segment and offer 'out of the box' mobility solutions."
Currently, Hyundai sells ten cars in the Indian market. The product portfolio of Hyundai ranges from Eon hatchback to the Santa Fe SUV which is a strong performing product in the Indian market for Hyundai.