fbpx

Table of Contents

Hyundai Motor India Evaluating Prospects Of A Low Budget EV

Twitter
LinkedIn
WhatsApp

Table of Contents

After MG Motor, even Hyundai India is studying the feasibility of introducing a low-cost electric vehicle in India that could help generate more volumes.

Automakers in India are feeling the need to come up with affordable electric vehicles which are more viable from sales perspective. After MG Motor, even Hyundai India is studying the feasibility of introducing a low-cost electric vehicle in India that could help generate more volumes. S.S Kim, Managing Director- Hyundai India while speaking to HT Mint said that bringing in a low-budget electric vehicle is the carmaker’s first priority. “We have the product and the technology, and we are reviewing the Indian market condition and the infrastructure situation here. We will come up with some options, which will be the best for the Indian market. It’s a No.1 priority in our future strategy,” said Kim.

Hyundai is also one of the pioneers in the EV space in India. The company had launched the Kona electric in 2019 and globally it also has hydrogen fuel cell vehicles in its portfolio. In fact, EVs will also help carmakers in India to achieve the upcoming corporate average fuel efficiency (CAFE) norms, thanks to zero tailpipe emission. The government is set to regulate the Phase 2 of the CAFE norms by 2022 and will also introduce real-time driving emission (RDE) norms by 2023.

MG Motor India also sees better potential for EVs at a lower price bracket. The company is evaluating the prospects of a smaller electric vehicle, which can be retailed at under the ₹ 20 lakh price point. The company is still evaluating the viable model for our market but has promised that there will be one in a couple of years.

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Whatsapp

Over 1.2 Million+ learners impacted worldwide

Learners from 170+ countries have grown in their career through our programs

Explore Programs  

Global Presence

Get in touch to learn more about how you can make the best of your talent

Spend less time worrying about job availability, and more time growing your knowledge. Join DIYguru Program today.

If you’re a current student, please get in touch through the DIYguru dashboard to ask about more details of this Program.

Please note, eligibility for this course is reserved to students who have done related projects and have relevant profiles matching with the pre-requisite of this course.

The DIYguru team hold the right to cancel your admisssion into the program without any explanation via email if found unsuitable and unfit.

Our 7-day money-back guarantee starts from the moment of signup and runs through the free week. Cancellations between days 7 and 30 will get a prorated refund.

Fees for the program is charged only when the admission is approved.

Flag
PARTNERSHIP

Colleges and Institutions

We're growing rapidly across the country, don’t miss out.

Partner with Us

Fog
UPSKILL

Corporates and Industries

Have workforce requirement or employee upskilling!

Get in Touch

Folder-solid
OPPORTUNITY

Career@DIYguru

Work with a team that’s transforming future mobility.

DIY with Us

Book Your Free Session Now

Avail free Guidebook and Expert Mentorship in EV domain curated by Industry experts.

Register to continue..