Hyundai Motor Group is setting the stage for a major shift in the Indian automobile landscape by announcing plans to launch their first electric vehicles (EVs) manufactured in India by 2025. This pivotal move by Hyundai and its affiliate Kia underscores their commitment to expanding their footprint in one of their largest markets outside North America and Europe. Here’s everything you need to know about this exciting development in the world of Hyundai cars and Kia vehicles.
Embracing Local Manufacturing
Hyundai, currently the second-largest carmaker in India, is renowned for models like the best-selling Creta SUV. However, its venture into the electric market has so far included imported models like the Kona and IONIQ 5. Kia has similarly offered the imported EV6. The shift towards local production marks a significant stride towards Hyundai and Kia’s deeper integration into the Indian market. By starting production of India-made Hyundai and Kia EVs by late 2024, with an official launch slated for the following year, the brands are poised to significantly boost their competitive edge.
Boosting EV Presence in India
With the plan to unveil five new electric models by 2030, Hyundai and Kia are not just dipping their toes but are diving deep into the evolving Indian EV market, currently led by Tata Motors. This strategic expansion is not only expected to meet the growing demand for eco-friendly vehicles but also aligns with global shifts towards sustainable transportation solutions.
Powering Up with Exide Energy Solutions
Earlier this month, Hyundai announced that both Hyundai and Kia EVs would be equipped with batteries sourced from Exide Energy Solutions. This partnership highlights the brands’ commitment to quality and sustainability, ensuring that the forthcoming India-made Hyundai and Kia electric cars are reliable and efficient.
Expanding Production Capabilities
Hyundai is also making bold moves in terms of production capabilities. The group recently acquired a former Chevrolet plant in Maharashtra, which is part of their ambitious plan to ramp up production to 1 million units annually by 2025. Kia is also set to expand its capacity from approximately 300,000 to 432,000. Collectively, Hyundai and Kia are gearing up to boost their combined capacity in India to a staggering 1.5 million units.
Setting the Stage for Future Growth
As Hyundai and Kia set their sights on this significant milestone, the excitement is palpable. The push towards locally manufactured EVs not only supports India’s national goals for reducing vehicle emissions but also provides consumers with more environmentally friendly vehicle choices. Hyundai’s upcoming $3 billion IPO—the largest in the country—further illustrates their commitment and optimism about their future in India.
With these plans, Hyundai and Kia are not just selling cars; they are shaping the future of the automotive industry in India. As they continue to innovate and adapt to the needs of the Indian market, the prospects for India-made Hyundai and Kia EVs look incredibly promising. Stay tuned with trendingmotorpage as we continue to bring you the latest updates on Hyundai cars, ensuring you stay in the know with the most friendly and engaging content around!
