The South Korean car manufacturer Hyundai Motor is planning to launch the full range of electric vehicles in India, as it attempts to compete with its product offering with the market leader, Maruti Suzuki, to expand in the majority of the Indian regions.
Following the announcement of Maruti Suzuki plans to produce electric vehicles by 2020, Hyundai has undertaken a study commissioned to explore the production of these vehicles in India. This is in addition to the introduction of Kona SUV, which is a global hit, importing CKD packages in India until the second half of 2019. YK Koo, President of Hyundai Motor India, said the goal was to provide a range of electric cars in India to serve buyers in diverse price segments. The company is presently researching diverse aspects of making batteries and supplying parts to the local market.
He added, “We focus on to take a top-down approach to electric vehicles in the country.”
After the installation of Kona EV, we are investigating the possibility of producing compact SUVs and sedans vehicles powered by electric engines in India, “says Koo. The conclusion is not essentially targeted by Hyundai against Maruti Suzuki, which is the largest automaker intends to bring in a series of small cars to launch. This will enable Hyundai the opportunity to take part in the initiative state-run Energy Efficient Services Ltd’s contract (EESL) in the coming period.
“We want to have a larger footprint in the Indian market for electric vehicles and we expect government support in this direction. Kona is the preliminary point, and we have to initiate from a product for the manufacturing at our Chennai plant, however it still has more time,” Koo said.
The electric mobility evolution has been expanding with great pace around the globe, and India, being at the emerging nation will have plus point while adopting the technology, with the great planning for infrastructure needs.