Hyundai, which sells the Ioniq 5 in India, will quickly enter the mainstream EV market with the launch of the Creta EV by January. Other than the Creta EV, Hyundai India’s mainstream EV plans embody three extra all-electric merchandise.
- Inster-based EV to comply with Creta EV
- Two extra mainstream EVs lined up
- India to be one of many EV manufacturing hubs for Hyundai
Hyundai India’s electrical future: what’s in retailer?
The Creta EV will rival the Curvv EV, the upcoming Maruti eVX, the BYD Atto 3 and the MG ZS EV. The SUV will share quite a bit with the usual Creta, so one can anticipate it to be priced competitively.
After the Creta EV, the following product can be primarily based on the Hyundai Inster EV (internally codenamed as HE1i), which can rival the Punch EV. This all-electric SUV would be the second mainstream EV mannequin from Hyundai and can go on sale within the second half of 2026. It is going to be primarily based on the born-electric E-GMP (Ok) platform, and will change into one of the crucial reasonably priced born EVs in India upon launch.
Whereas these two fashions have been greenlit, there are talks of all-electric iterations of the next-gen Venue and Grand i10 Nios, too. The Venue EV can be an important product for Hyundai as it’s going to tackle the Nexon EV – the phase chief since its launch. Other than the Nexon, the Venue EV may also rival the all-new Mahindra XUV300 EV that can go on sale subsequent yr. The Grand i10 Nios-based EV will rival the Tiago EV, which has seen respectable success because of its sensible nature and accessible value level. It has no direct rival so far as 5-door EV hatchbacks go.
The subsequent-gen Venue will see a world debut with inner combustion engines someday subsequent yr, so the EV iteration will comply with later.
Hyundai India’s EV manufacturing plans
The corporate had not too long ago dedicated Rs 20,000 crore for EV growth in India over the following eight years. The Korean model will use India as one among its hubs for manufacturing mainstream EVs. Between the Creta EV (26,000 models) and the Inster-based compact electrical SUV (65,000 models), Hyundai Motor India is planning an annual output of over 90,000 models. Nevertheless, this additionally consists of a good portion that is been earmarked for exports.
With inputs from Ketan Thakkar
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