Author: Mansoor Ali
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Hyundai's only Battery Electric Vehicle (BEV) currently available in India is the Ioniq 5, after the recent discontinuation of the Kona Electric.
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Hyundai plans to expand its EV lineup with four new electric vehicle models across various price segments.
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To enhance price competitiveness, Hyundai will focus on the local production of key components, including battery cells, battery packs, etc
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Hyundai aims to establish a robust domestic supply chain to support its EV initiatives and competitive pricing strategy.
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The Hyundai Creta EV is scheduled to launch in Q4 FY25, targeting the midsize electric SUV market.
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Hyundai has leased part of its manufacturing facility in Tamil Nadu to Mobis for EV battery assembly and partnered with Exide Energy for local battery production.
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Hyundai plans to increase localization to qualify for production-linked incentive (PLI) subsidies, enhancing cost efficiency and competitiveness.
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Hyundai is actively promoting EV adoption by installing charging points in urban areas and along highways across India.
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The Creta EV is expected to feature an electric motor similar to the base-spec Kona Electric, with an estimated driving range of 450 km on a single charge
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In addition to the Creta EV, Hyundai may also launch other models like the Ioniq 6 and Ioniq 7 as part of its future EV plans.
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