Hyundai Motor India (HMI) announced bold plans for its electric vehicle (EV) strategy, focusing on launching full EV models in both the mass and premium segments, supported by a localized supply chain. The company revealed that it will debut its Creta EV in the fourth quarter of the fiscal year and introduce four more EV models over the next few years. With India’s EV market expected to grow significantly by 2030, driven by government initiatives, Hyundai is positioning itself as a key player. As part of these efforts, the company is also investing in EV charging infrastructure and localized production of key components.

Hyundai Motor India's EV Plans: Mass and Premium Segments

Hyundai to launch EVs across diverse segments.
Hyundai Motor India is set to introduce electric vehicle models catering to both mass-market consumers and premium buyers. This dual-segment approach is part of Hyundai’s strategy to establish a strong presence in India’s nascent but fast-growing EV market. The company's access to Hyundai Motor Company's global EV and battery technologies gives it a competitive advantage as it enters the local EV race.

Creta EV to launch by fiscal year-end.
One of the key highlights of Hyundai’s EV roadmap is the launch of the Creta EV, slated for the fourth quarter of this fiscal year. This model is expected to appeal to a broad segment of consumers, enhancing Hyundai’s product lineup and reinforcing its electric mobility focus.

Ambitious IPO and Fundraising Plans

Rs 27,870 crore IPO to fuel expansion.
In conjunction with its EV launch announcements, Hyundai Motor India is set to raise Rs 27,870 crore through a mega initial public offering (IPO) on October 15. The funds raised will support the company's aggressive expansion plans, particularly in the EV segment, and further investment in localized supply chains and infrastructure.

Localized Supply Chain for EV Components

Localized production for key EV components.
Hyundai Motor India is prioritizing the development of a localized supply chain, focusing on the production of crucial components such as battery packs, powertrains, and battery cells. By establishing domestic manufacturing capabilities, the company aims to reduce reliance on imports and improve cost efficiencies for its EV models.

Investment in EV charging infrastructure.
Alongside its efforts to localize component production, Hyundai is also investing in the expansion of EV charging infrastructure across India. This move is essential for addressing consumer concerns about range anxiety and ensuring a smoother transition to electric mobility in the country.

Hyundai’s Broader EV Rollout

Four more EV models to follow.
Following the Creta EV launch, Hyundai Motor India plans to roll out four additional electric vehicle models in the coming years. These models will target various customer segments, further solidifying Hyundai's leadership in the Indian EV market. The introduction of new models will help the company capture a larger share of the growing demand for electric mobility solutions.

Hyundai’s Hybrid and Alternative Fuel Technologies

Leader in hybrid and alternative powertrains.
Hyundai Motor India has long been at the forefront of hybrid technology in the Indian market, with a history of introducing advanced powertrains since 1998. The company continues to leverage its access to Hyundai Motor Company’s global portfolio of technologies, including petrol, diesel, CNG, hybrid, plug-in hybrid, and hydrogen vehicles. This ensures that Hyundai remains well-positioned to meet evolving consumer preferences and regulatory demands.

New model launches based on market demand.
Hyundai Motor India remains committed to introducing new models equipped with a variety of powertrain options, depending on customer demand and market trends. This flexible approach ensures that the company can adapt to shifts in consumer preferences while maintaining its leadership in both the electric and hybrid vehicle segments.

Outlook: Hyundai’s EV Push Aligned with India’s Electrification Goals

Positioning for long-term growth in India’s EV market.
As India’s EV market gains momentum, driven by strong government initiatives and the growing focus on sustainability, Hyundai Motor India’s strategic focus on electric mobility is well-aligned with the country's long-term goals. By launching EVs across segments, localizing its supply chain, and investing in infrastructure, Hyundai is positioning itself for continued success in the competitive and rapidly evolving electric vehicle landscape.