Hyundai Motors is planning to invest Rs 4,000 crore to develop electric vehicle technologies and infrastructure. It will invest the money for its EV line-up’s R&D expansion till 2028.
Eyeing EV market
Hyundai Motor India MD & CEO S S Kim was quoted as saying by PTI that 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 being expected to debut next year.
The company will also introduce its dedicated ‘electric global modular platform’ (E-GMP).
“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.
The company’s line-up of six BEVs will cater to multiple segments including mass market and mass premium segments in India, according to Kim.
New BEVs
Hyundai would introduce the BEVs in different body styles, including SUV body shape by 2028, thereby offering a wide range of models for customers to choose from.The company’s E-GMP platform has the capability to feature a large battery capacity of up to 77.4 kWh. It also offers 2WD and 4WD capabilities, improved handling and capability to achieve a top speed of 260 km/h.
E-GMP is a dedicated BEV platform with a flat floor, slim cockpit and a flexible cabin space. The firm continues to gain a share of the passenger vehicle market. Hyundai already sells one EV model, Kona Electric, in India.
