Cannot make electric vehicles in India yet: Hyundai Motor CEO & MD Y K Koo

We will increase capacity by 50,000 units from January 2019, taking total capacity to 750,000 units, says Y K Koo

Hyundai Motor India, the second-largest carmaker in the domestic market, recently hit eight million units in cumulative production since entering the country. Along with North America and Europe, India will be classified as a regional headquarters. Managing Director and Chief Executive Officer Y K KOO talks to Ajay Modi about the current market situation and the company’s plans. Edited excerpts:
 
How significant is Hyundai Motor Company’s (HMC) decision to make India a regional headquarters?
HMC is establishing three regional headquarters—North America, Europe and India, which will get more power to take swifter decisions. Each regional headquarters will also have