Hyundai Electric Vehicles

India's second-largest carmaker is set to launch its first mass-market electric car, the Creta EV, in the coming months

Looking ahead, the company anticipates better performance owing to the new launch of Creat EV in January, along with the recent launch of new variants of the Venue and Alcaazar models.

IPO-bound Hyundai Motor India Ltd will explore opportunities for exporting its upcoming electric vehicles from the country to other similar markets to enhance its position as a production hub for emerging markets, according to a senior company official. The company is lining up four electric vehicles to be launched in future, including the electric version of its popular SUV Creta by Q4 FY25, in the mass and 'mass premium' segments. "We are a very strong production hub for emerging markets. We are exporting to 80 plus countries. As far as EVs are concerned, it will, of course, depend on the demand but we are always open to look at any product, which we introduce in India, for exporting it to the other market as well," Hyundai Motor India Ltd (HMIL) COO Tarun Garg told PTI. He was responding to a query on whether the company will export its EVs planned to be launched in India in the future. "In terms of EV (exports) it will depend on the infrastructure. It will depend on the deman

The plant is part of a commitment by Hyundai Motor and LGES to invest up to $9.8 billion in Southeast Asia's largest economy to develop an EV supply chain

Automaker Hyundai Motor India Limited (HMIL) on Monday announced the inauguration of its fast electric-powered vehicles (EV) charging station here, and said this was first of the company's target of installing 100 such facilities across Tamil Nadu. The 180 kW DC fast charging station, comprising of 150 kW and 30 kW connectors, has been set at Spencer Plaza here, and would cater to compatible four-wheelers irrespective of brand and model, a company release said. "As we celebrate 28 years of HMIL in India, we are delighted to inaugurate our first ever 180 kW fast public charging station in Chennai. In line with Hyundai's vision of 'Progress for Humanity', we aim to enhance convenience of all EV users, and hence our charging stations can be utilised by any four-wheeler EV user. HMIL envisages to install 100 charging stations across Tamil Nadu, to enhance the EV ecosystem and motivate more customers towards EV adoption across the state," Jae Wan Ryu, Executive Director - Corporate ...

Plant will be 'catalyst' in achieving Hyundai India's target of achieving one million annual production capacity, says company

Automaker plans to have 10 EV models by 2026 including the upcoming Harrier EV and Punch EV: MD Shailesh Chandra

Hyundai will invest 2 trillion won ($1.5 billion) building the plant, which will cover 548,000 square meters of land at a former motor racing circuit

The latest goal of the South Korean car manufacturer is an update from its earlier target of selling 1.87 million EVs by 2030

The proposed investments of Rs 15,000 crore to Rs 20,000 crore would be spread over the next seven to 10 years, sources said

25 per cent of Tata Tiago EV buyers are first-time buyers and include customers from states such as Bihar, Madhya Pradesh, Uttar Pradesh, and Andhra Pradesh

Such direct contracts will assist the carmaker in getting cheap power

Hero MotoCorp's consolidated net profit fell by 8.63 per cent YoY to Rs 682.28 crore in the second quarter of FY23 amid weakening rural demand

Picking the wrong Hyundai is just embarrassing. Going down a protectionist path reminiscent of the country's own, impoverished socialist past is the bigger folly

The compact SUV comes with various exterior and interior changes to give it a sporty styling, inspired by motorsport.

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 Seoul-based automaker said it aimed to achieve an operating profit margin of 10% or higher in EV business by 2030

The Seoul-based automaker said it aimed to achieve an operating profit margin of 10% or higher in EV business by 2030

Foxconn Chairman Liu's comments come after Foxconn unveiled its first three electric vehicle prototypes earlier this week

Hyundai's ambitious plan could fizzle out this year with delayed production and rapidly drying-up state subsidies, and its labor union's opposition to its massive investment in the US