India is slowly becoming a battleground for all EV players in the industry. Even though Tesla has not officially launched in the country, many others are fighting over pieces of this market. Tata Nexon EV has received a massive response from Indian car lovers. And now Hyundai might just be on the same way. The company has announced some ambitious plans for its EV market in India.
Hyundai to launch 6 new EVs in India by 2028.
According to recent announcements made by Hyundai, the South Korean automaker, the company is planning to introduce six new Battery Electric Vehicles in India by the year 2028. The company also mentioned that, out of these six new vehicles, a few will be a mix of the global platform-based models, while the rest would be based on the existing ICE cars.
The first out of these six will make its debut before the end of 2024. This BEV would be based on the already-in-production internal combustion engine model. Many believe that the new EV is based on the highly successful mid-size SUV Venue.
Tarun Garg, director of Sales, Marketing, and Service at Hyundai India indicated that the new EV could be based on SUV, “Because when you see the market trends in 2021, 37 percent of the market is SUVs. So that will become a very significant part as far as body type is concerned for BEVs. ”
Hyundai could launch EVs in other segments as well
Even though the company is looking to start this new EV journey with an SUV, it is not discounting any other thing [body style], as they are a very significant player in hatches and sedans as well.
The EV’s by Hyundai India will be based on the company’s e-GMP platform which underpins cars like the IONIQ 5. This platform will consist of a vehicle chassis that includes the battery, motor, and power electric system. Upon which the company will be able to add different body types to create different models.
The company also announced that it will be investing around Rs. 4000 crores, which will be used for R&D of the upcoming EVs as well as developing supporting infrastructure. The company has already started to work on the EV infrastructure with strategic collaborations in the country.
Will Hyundai EV receive the same response as Tata Nexon EV? Only time will tell.
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