Hyundai to invest $200 mn to build localised EVs for mass market in India

The company refuses to give a launch timeline, says it is in talks with battery makers and suppliers to localise a large portion of manufacturing in order to bring the cost down

South Korean auto major will invest a major share of its investment to strategise and produce an affordable electric vehicle for the Indian market.

The company is in talks with battery makers and suppliers to localise a large portion of manufacturing in order to bring the cost down and has earmarked $200 million investment for the purpose.

“We have the product and the technology, and we are reviewing the Indian market condition and the infrastructure situation here. We will come up with some options, which will be the best for the Indian market. It’s a No.1 priority in our future