Hyundai wants to have “deeper footprints” in Indian EV market
In a recent announcement, South Korean automaker Hyundai Motor has revealed that its plans to launch a full range of electric vehicles (EVs) for the Indian market. The move will enable Hyundai to offer more products to Indian customers, thereby posing a more substantial competition to Maruti Suzuki which presently leads the country’s auto market.
According to the announcement, Hyundai has efforts underway to launch its globally successful Kona SUV in India in 2019-second-half, by importing CKD packs to the country. In addition, the automaker has also commissioned a study to analyse EV production in India.
With Hyundai planning a worldwide launch of 38 green vehicles -- including pure EVs, hybrid EVs, and plug-in hybrid vehicles -- till 2025, the automaker has said that some of its forthcoming EVs will be suit the needs of Indian customers.
About Hyundai’s plans for the Indian market, Hyundai Motor India’s Managing Director YK Koo said that the automaker is currently in the process of learning more about the various aspects of battery manufacturing and sourcing components from the local market.
Koo also said that the forthcoming Kona EV marks the “starting point” for Hyundai’s plans to have a full EV range in India and cater to buyers in different price segments, and added: “We want to have deeper footprints in the Indian electric vehicle market and are eagerly waiting for government’s support in this direction.”
Market research firm Pied Piper has released its latest dealership ‘mystery shopper’ ranking, in which electric vehicle maker Tesla Motors has bagged the last spot.
Elon Musk has announced that the Tesla project to build the largest battery system in Australia is on track.
According to electric vehicle maker Tesla’s latest update to its Model 3 online design studio, the automaker has increased the cost of the Model 3 Dual Motor version and some other options.
In a recent report, electric vehicles magazine Electrek has revealed that Tesla CEO Elon Musk has sent an email to employees, seeking their help in testing the company’s self-driving technology.
According to a recent announcement made by Volvo Cars CEO Hakan Samuelsson, the Swedish automaker apparently has plans underway to manufacture more electric, autonomous, and shared vehicles.
Austria is emerging as a preferred European location for automakers for ‘vehicle development’ purposes, probably because of the tax breaks available in the country to manufacturers that invest in Research & Development (R&D).