Kia, a Korean carmaker, has announced that it will invest more than Rs. 2,000 crore in India to make electric cars and will also establish a battery manufacturing plant. This is in keeping with India’s emphasis on sustainable mobility.
According to the company, it will be driving a locally-built electric vehicle in 2025. Development work is currently underway in India and Korea. The company also plans to launch global electrics in various markets, to increase its green line-up.
The launch of EV6 at Rs 59. 95 lakh (ex-showroom), opened the doors to the Indian market.
Officials from the company claim that they would like to price the locally-built car at a competitive price, in line with buyers’ price expectations. Kia demands that government provides direct benefits for buyers when they purchase electric vehicles, as well as a stronger charging infrastructure.
Kia, a Hyundai Group company is following similar strategies as local Mahindra & Mahindra and Tata Motors when it comes to driving green cars. Hyundai also plans to produce electric models from both domestic and imported sources.