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Hyundai India Sets Bold Vision With Five New Electric Vehicles By 2030
Hyundai Motor India Limited (HMIL) has set ambitious plans for the Indian electric vehicle (EV) market, revealing a strategy to roll out five new EVs manufactured locally by 2030.
This move marks Hyundai's significant pivot towards catering to the mass-market segment, expanding beyond its current offerings in the premium EV space, which includes models like the Kona EV and IONIQ 5. Leading the charge will be the much-anticipated Creta EV, slated to begin its production journey by the end of this year, with a market launch targeted for early 2025.
The Creta EV, which has been seen testing on Indian roads, promises a blend of the familiar Creta design with added EV-specific enhancements. It's expected to deliver a range of 400-450 kilometres on a single charge, positioning it as a strong contender against upcoming rivals such as the Tata Curvv EV, Maruti Suzuki eVX, and Mahindra XUV400 EV.
Following the Creta EV, Hyundai plans to introduce the electric version of its Venue model, aiming to capture the compact electric SUV segment alongside competitors like the Tata Nexon EV and the anticipated Mahindra XUV3XO EV.
In addition to the Creta and Venue EVs, Hyundai will electrify the Alcazar, creating a three-row electric SUV based on the upcoming facelift model of the Alcazar. This model will likely share powertrain components with the Creta EV, further expanding Hyundai's electric portfolio.
For those seeking an entry-level option, the Exter EV will present an affordable choice, expected to be priced around Rs. 10-12 lakh. This vehicle will compete with the Tata Punch EV and MG Comet EV, offering a budget-friendly gateway into electric mobility.
Hyundai is not just focusing on the mass-market segment. The company plans to continue its legacy in the premium sector with the next-generation IONIQ 5, expected to debut by 2030. This model will be assembled in India, ensuring Hyundai's presence across different segments of the EV market.
Additionally, there's potential for the IONIQ 6 sedan, showcased at the 2023 Auto Expo, to make its way to the Indian market, further underscoring Hyundai's comprehensive approach to electrification.
DriveSpark Thinks
Hyundai's announcement reflects a strategic shift towards embracing electric mobility and manufacturing within India, signaling a strong commitment to the Indian EV market's growth and sustainability. Hyundai is poised to become a key player in India's electric vehicle revolution with a lineup that spans from affordable to premium electric vehicles.
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