Hyundai Motor Group aims to boost its annual production capacity to 1.5 million units in India, focusing on expanding EV offerings and using India as an export hub. Hyundai plans to launch its first locally produced EV in 2023 and expand its EV lineup by 2030, while Kia will begin local EV production in 2025.
Charging sessions may be reserved at a low cost of Rs 18 per unit for a 30 kW charger, Rs 21 for a 60 kW charger, and Rs 24 for a 150 kW charger - Overdrive
In India, the Hyundai Ioniq 5 is sold exclusively as a rear-wheel drive vehicle, with a rear-mounted electric motor that generates 217PS of power and 350Nm of torque - Overdrive
Hyundai EVs: "We do not plan to dramatically reduce EV production or our line-up due to likely near-term hurdles as we believe EV sales will grow longer term," Seo Gang Hyun, an executive vice president at the South Korean automaker, told an earnings briefing for analysts.