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Hyundai Electric Vehicles
Hyundai Motor India Ltd sees a triggering of acceleration in the electrification of the passenger vehicles market in the country in 2025 and 2026, according to company COO Tarun Garg. Set to enter the mass market electric vehicle segment with the EV version of its popular SUV Creta, the company, which plans to bring four EVs in the future, is also looking at different segments, even below the mid-sized SUV segment. "India is at an early stage of electrification. Last year, we ended with about 2.4 per cent electrification. I personally feel that 2025 and 2026 are going to be great trigger points in terms of electrification, and Creta EV is going to drive it," Garg told PTI video here. In 2024, the Indian passenger vehicles segment witnessed record sales of around 43 lakh units. Citing an internal study by the Hyundai Motor India Ltd (HMIL) and also based "on some of the external consultants", he said by 2030 EV penetration could be 17 per cent. In an interaction with reporters he
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
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 ...