Hyundai Motor India to roll out its first mass-market EV

Hyundai Motor India Ltd on Thursday said it will roll out two new models from the Chennai manufacturing facility, including its first mass-market EV, this year.

The company is committed to making Tamil Nadu its ‘Flagship EV Hub for India’, the automaker said.

Hyundai Motor India is committed to enhancing localisation across both electric vehicle (EV) and ICE (internal combustion engine) manufacturing operations and plans to increase localisation levels from the current 82 per cent to 90 per cent over the next five to six years.

The company said it is well-positioned to further expand coverage across all major cities and highways over the next 2-3 years, backed by a strategically distributed network of high-capacity chargers across key urban and transit corridors, in line with its plans to broaden affordable EV offerings in India.

The company also aims to enhance purchasing value from Tamil Nadu-based suppliers by approximately Rs 4,000 crore, which is expected to create around 2,000 additional jobs in the state over the next five to six years. These efforts will significantly strengthen domestic manufacturing capabilities while reducing dependence on imports, HMIL stated.