Hyundai expects to roll out mass market electric vehicle in 3 years

The company is also targeting export of up to 200,000 passenger cars in the year 2020. It exported 181,200 in 2019

Hyundai Motor India (HMIL) is expected to roll out a mass market electric vehicle product in two to three years.

The company expects the second half of the year to show improvement in domestic market and while there are concerns about the comparitively higher price for the BS-VI models, there might also excitement among the customers on the new technology, said Tarun Garg, director, sales and marketing division, HMIL.

With some of the diesel vehicle manufacturers planning to stop diesel vehicle models in the wake of BS-VI implementation, the company is expecting a growth in the market but the demand may not