Hyundai Motor India Evaluating Prospects Of A Low Budget EV

1 min


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.

Join our list

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.


Like it? Share with your friends!

0 Comments

Your email address will not be published.

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format