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Hyundai Motor Company Plans To Invest 4000 Crore Rupees To Launch Six Electric Vehicles In India By 2028

In a statement released by the automaker it has said that Hyundai’s line-up of 6 BEVs will cater to multiple segments including Mass market and Mass Premium segments in India.

(Photo: Hyundai Press Release)

New Delhi: Hyundai Motor India plans to invest 4000 crore rupees to launch six electric vehicles in India by 2028. South Korean automaker is planning to push for clean driving in the country. The car maker is aiming to introduce its dedicated E-GMP modular architecture in the country.

The decision to invest such a huge amount in the Electric Vehicle space comes at a time when Maruti Suzuki has said it will introduce an electric vehicle in the local market only when there is appropriate customer demand, possibly by 2025. Tata Motors, which currently leads the Electric Vehicles sales tally in India, has planned to introduce 10 new electric vehicles in the specified time period.

In a statement released by the automaker it has said that Hyundai’s line-up of 6 BEVs will cater to multiple segments including Mass market and Mass Premium segments in India.

Battery Electric Vehicle line-up by 2028 will comprise of a total of 6 BEVs across different segments and body styles including SUV. The company will also introduce its dedicated BEV Platform E-GMP (Electric Global Modular Platform) as well as modified platforms in India the statement informed.

HMI will work towards the development of Electric Vehicle infrastructure in India with strategic collaborations to drive a widespread adoption of BEVs in India, the company revealed.

ALSO READ: Triumph Motorcycle Launches All New Beast Tiger 1200 Series.

Commenting on the corporate announcement, Mr. S S Kim, MD & CEO, Hyundai Motor India Ltd., said, “Hyundai has been at the forefront of the electric mobility revolution in India, with the introduction of India’s 1st Electric SUV – KONA Electric in 2019.

“Hyundai Motor India has been delighting customers with the most innovative and technologically advanced mobility solutions over the last two and a half decades. As we continue to redefine the mobility space, today we are yet again showcasing our commitment towards Indian customers with the announcement of expanding our BEV line-up to 6 vehicles for the Indian Market by 2028”, he added.

He further said, ”At Hyundai, we are taking experiences Beyond Mobility and are strongly focusing on Intelligent Technology, Sustainability and Innovation. Keeping in line with this thought, we will introduce our dedicated BEV Platform – E-GMP as well as modified platforms for battery electric vehicles in India. By driving the adoption of electric mobility at scale in India, Hyundai will become the fulcrum for the transformation of a brighter and better tomorrow.”

In the statement released by Hyundai it has stated that, E-GMP has been developed on 4 Key Pillars of Modularity, Reliability, Usability and Performance.

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