Hyundai Motor India plans to localize battery packs to reduce the prices of its electric vehicles in the country, aiming for a 20-22% EV penetration by 2030.
Hyundai India Market: Indian subsidiary Hyundai Motor India (HMIL) - which contributed 18.6% to global sales in the first half of the year - is looking at growing by 8.5-9% to post its best-ever sales of 600,000 units in the local market in the ongoing calendar year.
Policy & Industry News: The company aims to make India the number one market for the brand in the future. Hyundai has increased its production capacity at the Chennai plant
Indian subsidiary Hyundai Motor India (HMIL) - which contributed 18.6% to global sales in the first half of the year - is looking at growing by 8.5-9% to post its best-ever sales of 600,000 units in the local market in the ongoing calendar year.
India Business News: India can become the biggest market for South Korean auto major Hyundai globally in the near future with demand for automobiles expected to remain str