- Wednesday, February 26, 2025
By: Shubham Ghosh
SOUTH Korean automobile major Hyundai has planned to invest around Rs 4,000 crore (£400 million) to drive in around six electric vehicles (EVs) in India by 2028.
The company, which is a major player in India’s automobile market, is planning to roll out a mix of models based on its existing range and fresh new vehicles based on its global flatform ‘E-GMP’ over the next few years.
ALSO READ: Korea can gain from India’s startup ecosystem: Goyal
Speaking to Press Trust of India, Hyundai Motor India managing director and chief executive officer SS Kim said the company is gearing up to expand its presence in the EV space in the country in a big way with the first of the six new products that are likely to make their debut next year.
‘High taxes hurting luxury car segment growth in India’
The South Korean firm would invest around £400 million in research and development towards the six-model line up till 2028.
“As we continue to redefine the mobility space, today we are yet again showcasing our commitment towards Indian customers with the announcement of expanding our BEV line-up to six vehicles for the Indian market by 2028,” Kim said.
Stressing that the company is taking experience beyond mobility and is focusing strongly on intelligent technology, sustainability and innovation, he added, “Keeping in line with this thought, we will introduce our dedicated BEV Platform – E-GMP as well as modified platforms for battery electric vehicles in India.”
Hyundai’s line-up of six BEVs will cater to multiple segments including mass market and mass premium segments in India, according to Kim.
