Hyundai Motor India has announced plans to unveil five new electric vehicles (EVs) by 2030, accelerating its previously scheduled timeline by two years. The company’s Chennai plant is set to produce its inaugural electric sports utility vehicle by the end of 2024, ahead of the original schedule of introducing five EVs by 2032. In collaboration with Exide Energy Solutions, Hyundai India and Kia have inked an agreement to explore local battery production for EVs.
By 2030, Hyundai India aims to expand its network of EV charging stations to 485, utilizing its sales hubs for strategic placement. These initiatives were revealed during Hyundai Motor Group Executive Chair Euisun Chung’s visit to India, where he addressed the first overseas town hall meeting with Hyundai Motor India employees.
Chung emphasized the importance of adapting to the evolving EV market, aiming to position Hyundai as a leading global EV brand through the development of locally tailored electric vehicles. Additionally, the company plans to proactively establish charging stations, including at dealerships, to facilitate EV adoption.
Kia India, an independent entity of the Hyundai group, will commence local EV production in 2025, with plans for further expansion. The company will also concentrate on bolstering EV charging infrastructure.
Chung highlighted India’s rapid economic growth and Hyundai Motor India’s strategic significance, aiming to leverage the country’s strong reputation and quality standards to expand exports to neighboring markets, positioning India as a global export hub.
The Korean group is bolstering its manufacturing footprint in India, aiming for an annual production capacity of 1.5 million vehicle units for Hyundai Motor India and Kia India combined. With plans to enhance its EV lineup and develop an ecosystem for customer adoption and charging infrastructure, the group is committed to accelerating the transition to electric mobility.
