According report, Hyundai will launch four new locally-manufactured battery-powered vehicles in the country as part of its expansion plans.
Creta EV launch in Jan 2025 followed by Inster EV, Venue EV and Grand i10 Nios EV.
Hyundai intends to make India as one of primary EV manufacturing hubs. Initial production targets are around 26,000 units for Creta EV and 65,000 units for Inster-based EV. Further, Hyundai recently committed Rs 20,000 crore for EV development in India over the next eight years.
Source: Express Drives
Personal Note: If we think that EV is the future, then only 2-3 companies will not be able to fulfill the needs of India.
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