Jun 29, 2018 - 09:28 pm

Hyundai eyeing EV production in India


Hyundai has announced plans to begin assembling electric vehicles in India, as well as set up EV production in the nation in the long-term. The currently standing factory in Chennai will be refitted for EV production and become the new regional headquarters.

The South Korean vehicle manufacturer is planning to introduce 8 EV models to the Indian market by 2020, and increase the production capacity from 50,000 vehicles to 750,000. Currently they do not have any EVs present in India, which will change with the capacity increase.

It was reported that the first vehicle will be the Hyundai Kona Electric. The market launch is planned for the second half of 2019. At first, the models will be delivered in components and assembled in India, before the complete production line is established in the long term, should market demand be sufficient.

At first, the Kona will likely be available in 15 Indian cities in 2019. The number of vehicles produced and their price has not been announced yet. The sale of hybrid vehicles is not planned at this point.

indiatimes.com, auto-ndtv.com, financialexpress.com


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Found on electrive.com
29.06.2018 21:51